Income tax slab

Income tax slab for individual/huf for f.y. 2019-20(A.Y. 2020-21)
1. If age below 60 years
up to 250000. - Nill
250,000 to 500000. - 5%
500000. to 1000000. - 20%
above 1000000 -. 30%

2. If age above 60 yrs but below 80 yrs
up to 300000. - Nill
3 lacs to 5 lacs. - 5%
5 lacs to 10 lacs - 20%
above 10 lacs. - 30%

3. If age above 80 yrs than
up to 500000 - Nill
5 lacs to 10 lacs - 20%
above 10 lacs. - 30%

if NTI is below 500000 than rebate available u/s 87A
(i) 100% of tax, or
(ii) tax,
whichever is lower

Nti meaning

NTI. ..means Net taxable income after Deduction of 80C ect....
above slab rate is for F.Y 2019-20

@ NTI - NET TOTAL INCOME