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Income tax slab rates for ay 2020 21. Income tax slabs for fy 2020 21 ay 2021 22 leave a comment budget budget 2020 capital gain tax income tax investment plan taxes by amit february 3 2020 february 3 2020 your income from salary business or other income like income from fixed recurring deposits etc are taxed as per income tax slabs. Income tax slab rates 2020 21 pdf income tax slab rates 2020 income tax slab rates charts tables for fy 2020 21 ay 2020 21 income tax department official website. Save income tax easily by learning about income tax slabs and investment options make your earnings fall into a lower tax bracket. Income tax slabs tax rate in india for fy 2020 21 ay 2021 22 budget 2020 revised slabs.
Compare old scheme with new tax scheme and check your tax savings. 50 lakhs to rs. Net income range rate of income tax assessment year 2021 22 assessment year 2020 21 up to rs. Income tax slab rates fy 2020 21 ay 21 22 applicable for ay 21 22.
In this article we update you about the income tax slab rates applicable to different types of taxpayers such as individual huf partnership firms aop boi co operative society local authorities domestic as well as foreign companies etc for assessment year 2020 21 i e. 1 crore to rs. In india income tax slab rates are dependent upon the age of the assessee as well as the residential status. Income tax calculation under old and new tax regimes.
Know everything about income tax slab rates deductions for fy financial year 2019 20 and ay annual year 2020 21. Income tax slab rates are decided and governed by income tax act 1961 and are subject to change every year. For the purpose of ascertainment of the applicable tax slab an individual can be classified as follows. On 13th april 2020 the cbdt issued a circular to employers to obtain a declaration from their employees if they wish to opt for concessional slab rates for fy 2020 21 under the new income tax regime for the purpose of tds deduction under section 192 under the new tax regime.
Assessment year 2021 22 assessment year 2020 21 range of income range of income rs.
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