Regarding income tax slab

Originally posted by : Kamlesh Tolani
	ALL RESPECTED MEMBERSF.Y.2019-20 NET PROFIT IS 600000AND DEDUCTION IS 100000 SO WHICH TAX SLAB APPLICABLE

https://www.incometaxindia.gov.in/_layouts/15/dit/mobile/viewer.aspx?path=https://www.incometaxindia.gov.in/acts/finance%20acts/2019-1/102520000000104674.htm&k=

@ Tolani 

Assuming assessee is Individual , tax slab will be (250001 to 500000) and hence tax will be @ 5% that is 12500/- , from that rebate under section 87A will be deducted by Rs 12500/- resulting into NIL tax liability.  (assuming there are no disallowances from net profit) 

For FY 2019-20 , there will be no tax liability.

As assuming net profit is after all disallowances. So according to tax slab

Upto 500000, there will be nil tax liability.