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New income tax slabs from 2019
new income tax slabs from 2019
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Quick Summary
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 .
Refund granted or not for 20-21
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