Union Budget 2019: Updated Income Tax Slabs and Rates for F.Y. 2019-20

IT_Slabs

Income tax slab rates for Individuals FY 2019-20:

Individual (Others)
Net Income Range Income-tax Rate*
  2019-20 2018-19
1 Upto Rs. 2,50,000
2 Rs. 2,50,000 to Rs. 5,00,000 5% 5%
3 Rs. 5,00,000 to Rs. 10,00,000 20% 20%
4 Above Rs. 10,00,000 30% 30%

Income tax slab rates for Senior Citizens for FY 2019-20:

Senior Citizen
(who is 60 years or more at any time during the previous year)
Net Income Range Income-tax Rate*
  2019-20 2018-19
1 Upto Rs. 3,00,000
2 Rs. 3,00,000 to Rs. 5,00,000 5% 5%
3 Rs. 5,00,000 to Rs. 10,00,000 20% 20%
4 Above Rs. 10,00,000 30% 30%

Income tax slab rates for Super Senior Citizens:

Super Senior Citizen
(who is 80 years or more at any time during the previous year)
Net Income Range Income-tax Rate*
  2019-20 2018-19
1 Upto Rs. 5,00,000
2 Rs. 5,00,000 to Rs. 10,00,000 20% 20%
3 Above Rs. 10,00,000 30% 30%