Income tax on employee income
This query is : Resolved
Sandeep Bagga
(Querist)
11 April 2019
What tax rates will be applicable from April'19 onwards for individual salary income. Old slab of Rs 250000 or new slab of exemprion till Rs 500000
CA PARAS BAFNA
(Expert)
11 April 2019
Old Slab of 250000/- is applicable to all , however for those whose taxable income is below 500000/- will be entitled for the rebate. There is no new slab of Rs 5.00 lac.
KAVIRAJA ADDANGADI
(Expert)
12 April 2019
Threshold limit Rs.250000/- if taxable income is below 5 Lakhs your tax will be nil, if exceeds 5 Lakhs than tax liability arise above 2.5 lakhs as applicable slabs
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