Income Tax Slabs and Rates for Financial Year: 2019-20 for below 60 years

Income Tax Slab Individuals Below The Age Of 60 Years
Up to Rs.2,50,000 Nil
Rs.2,50,001 to 5,00,000 5%
Rs. 5,00,001 to 10,00,000 Rs.12,500 + 20% of total income exceeding Rs. 5,00,000
Above Rs. 10,00,000 Rs. 1,12,500 + 30% of total income exceeding Rs. 10,00,000


Income Tax Slabs and Rates for Financial Year: 2019-20 for 60-80 years

Income Tax Slab Individuals Below The Age Of 60 Years
Up to Rs.3,00,000 Nil
Rs 3,00,001 to 5,00,000 5%
Rs. 5,00,001 to 10,00,000 Rs.0,000 + 20% of total income exceeding Rs. 5,00,000
Above Rs. 10,00,000 Rs. 1,10,000 + 30% of total income exceeding Rs. 10,00,000


Income Tax Slabs and Rates for Financial Year: 2019-20 for above 80 years

Income Tax Slab Individuals Below The Age Of 60 Years
Up to Rs. 5,00,000 Nil
Rs. 5,00,001 to 10,00,000 20%
Above Rs.10,00,000 Rs. 1,00,000 + 30% of total income exceeding Rs. 10,00,000