Income tax slabs help in identifying how much tax each individual has to pay. Find Income tax slab rates for individuals for FY 2018-19.

1. INCOME TAX SLABS FOR FY 2018-19

2. The rate of income tax applicable to each individual will be determined by
the income earned by him/her.
Income tax slabs help in identifying how much tax each individual has to
pay.
The higher the annual income earned by an individual, the higher the tax
rate applicable to him/her.

3. INCOME TAX SLAB FOR INDIVIDUALS WHO
ARE UNDER 60 YEARS OF AGE:
Yearly Income Tax Rates Education Cess Secondary and
Higher Education
Cess
Up to Rs.2.5 lakh Nil Nil Nil
Rs.2,50,001 to Rs.5
lakh
5% 2% of income tax 1% of income tax
Rs.5,00,001 to Rs.10
lakh
Rs.12,500 + 20% 2% of income tax 1% of income tax
Above Rs.10 lakh Rs.1,12,500 + 30% 2% of income tax 1% of income tax

5. INCOME TAX SLAB FOR INDIVIDUALS BETWEEN 60
AND 80 YEARS OF AGE:
Yearly Income Tax Rates Education Cess Secondary and
Higher Education
Cess
Up to Rs.3 lakh Nil Nil Nil
Rs.3,00,001 to Rs.5
lakh
5% 2% of income tax 1% of income tax
Rs.5,00,001 to Rs.10
lakh
Rs.10,000 + 20% 2% of income tax 1% of income tax
Above Rs.10 lakh Rs.1,10,000 + 30% 2% of income tax 1% of income tax

6. INCOME TAX SLAB FOR INDIVIDUALS OLDER
THAN 80 YEARS OF AGE:
Yearly Income Tax Rates Education Cess Secondary and
Higher Education
Cess
Up to Rs.5 lakh Nil Nil Nil
Rs.5,00,001 to
Rs.10 lakh
20% 2% of income tax 1% of income tax
Above Rs.10 lakh Rs.1 lakh + 30% 2% of income tax 1% of income tax

7. FY 2018 - 2019

8. CONTACT US
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