SLAB RATE for senior citizen

This discussion outlines the income tax slab rates applicable to senior citizens for Assessment Year 2020-21 (Financial Year 2019-20). It details the tax-free threshold, the percentage rates for different income brackets, and the impact of a 4% cess. Importantly, it clarifies that a rebate is available for incomes below £500,000, meaning no tax is payable in such cases. For those over 80, the tax-free limit is extended to £500,000.