SLAB RATE for senior citizen

Slab rate for senior citizen for AY 2020-21 (FY 2019-20) shall be following :

Income 0 - 3,00,000 - No tax
3,00,001 - 5,00,000 - 5%

5,00,001 - 10,00,000 - 20%

Above 10,00,000 - 30%

Additional 4% cess on above tax.

Note, if total income is below Rs. 5,00,000/- then there will be No tax because of rebate. If income exceeds Rs. 5,00,000/- then you cannot avail rebate and you will be taxed as per above slab rates.