slab rates applied for may 2019
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Slab rates
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Existing slab rate (AY 2018-19)
upto first 2.5 lacs- no tax
next 2.5 lacs 5%
next 5 lacs 20%
above 10 lacs 30%
moreover there is a rebate u/s 87A of rs. 2500 if your income falls below 500000 (revised in budget 2019 from 2500 to amount of Tax applicable for AY 2020-21)
next 2.5 lacs 5%
next 5 lacs 20%
above 10 lacs 30%
moreover there is a rebate u/s 87A of rs. 2500 if your income falls below 500000 (revised in budget 2019 from 2500 to amount of Tax applicable for AY 2020-21)
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