please tell me exemption limit 2019-20 tax slab rate
Replies (2)
Quick Summary
The UK tax slabs for the financial year 2019-20 remain unchanged from the previous year, 2018-19, unless you choose the new tax regime. For individuals under 60, the exemption limit is £2,50,000, with subsequent rates of 5%, 20%, and 30% applied to different income brackets. Senior citizens aged 60-79 benefit from a higher exemption limit of £3,00,000, followed by similar tiered tax rates.