Income Tax Rates For Fy 2019 20

Income tax rate for ay 2020 21 fy 2019 20 are as under.

Income tax rates for fy 2019 20. Highlights of income tax rules for fy 2019 20. The indian finance minister has tabled today the union general budget 2019 20 in the parliament. The tax rates increase with the increase in income of an assessee. Income tax slab fy 2019 20 ay 2020 21.

Income tax slab indicates the annual income limits of an individual and the rates at which such income will be chargeable. Fy is financial year and ay is assessment year. To know more click here. In case of an individual resident or non resident or huf or association of person or body of individual or any other artificial juridical person.

Super senior citizen who is 80 years or more at any time during the previous year net income range. 12 500 whichever is less. There is no change in income tax slab rate for financial year 2019 20 ay 2020 21. Tax payers with taxable income up to 5 00 000 get full rebate under section 87a.

File your income tax returns. In case of an individual resident or non resident or huf or association of person or body of individual or any other artificial juridical. The latest income tax slabs and rates for fy 2019 20 are mentioned below. Income tax slab rates 2019 20 pdf income tax slab rates 2019 income tax slab rates charts tables for fy 2019 20 ay 2020 21 income tax department official website.

The amount of rebate is 100 per cent of income tax or rs. 40 000 has hiked up to rs. Non resident individual huf net income range income tax rates health and education cess up to rs. Rate of income tax.

12 of income tax if total income exceeds rs. Browse through income tax slab rates fy 2019 20 ay 2020 21 and deductions in india for tax payers in different age groups and tax benefits offered by its online insurance products. Income tax rates for local authorities for fy 2019 20 ay 2020 21 entire income is taxable 30 without any basic exemption limits. Rate of income tax.

This write up will provide you the information on income tax tax rates applicable to various taxpayers for ay 2020 21 fy 2019 20. Rebate has been raised from rs. 50 000 for salaried people and pensioners. The standard deduction of rs.