Tax slabe of individual for A.Y. 2020-21

how much tax slabe of A.Y. 2021 for individual.
Replies (3)
Quick Summary
This discussion outlines the income tax slabs for individuals for Assessment Year 2020-21, corresponding to the Financial Year 2019-20. It details the tax rates for various income brackets, starting with nil tax up to Rs. 2,50,000, followed by 5%, 20%, and 30% for higher income levels. The information also highlights increased basic exemption limits for senior and super senior citizens and mentions potential surcharges or rebates based on total income.

For A.Y 2020-21 (F.Y 2019-20)
Up to Rs. 2,50,000....................Nil
Rs. 2,50,001 to 5,00,000......... 5%
Rs. 5,00,001 to 10,00,000........20%
above Rs. 10,00,000................ 30%
Upto 250000. nil
then 250000 to 500000. 5 %
then 500000to 10lakh 20%
then above 10 lakh. 30%
he can take rebate if his or income don't exceed 5lakh
btw why you write AY 2021
0-2,50,000- Nil
2,50,000-5,00,000-5%
5.00.000-10,00,000-20%
> 10,00,000-30%
However if the Assessee is resident and senior citizen - Basic exemption limit -3,00,000
and if super senior citizen -5,00,000
Also depending on total income surcharge may be added or rebate may be deducted

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details