New income tax slabs from 2019

New slab rates  are applicable for  F.Y  20-21 and  A..Y 21-22  as  follows -Finance act 2020  ( Not  for  F.Y 2019-20) 

Total Income (Rs)                              Rate

Up to 2,50,000                                       Nil

From 2,50,001 to 5,00,000                    5%

From 5,00,001 to 7,50,000                  10%

From 7,50,001 to 10,00,000               15%

From 10,00,001 to 12,50,000              20%

From 12,50,001 to 15,00,000              25%

Above 15,00,000                                 30%

Add - surcharge  and  No deductions under Chapter VI (A) deductions   of the I T act .