India Income tax slabs FY 2020-2021 for Individual Tax Payers & HUF
(Aged less than 60 years) |
Income tax slab (in Rs.) |
Tax |
0 to 2,50,000 | No tax |
2,50,001 to 5,00,000 | 5% of total income exceeding 2,50,000 |
5,00,000 to 10,00,000 | 12,500 + 20% of total income exceeding 5,00,000 |
Above 10,00,000 | 1,12,500 + 30% of total income exceeding 10,00,000 |
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India Income tax slabs FY 2020-2021 for Individual Tax Payers & HUF
(Aged 60 years but less than 80 years) |
Income tax slab (in Rs.) |
Tax |
Up to Rs. 3,00,000* |
No tax |
3,00,000 to 5,00,000* |
5% |
5,00,000 to 10,00,000 |
20% |
Above 10,00,000 |
30% |
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India Income tax slabs FY 2020-2021 for Super Senior Citizens
(Aged 80 and above) |
Income tax slab (in Rs.) |
Tax |
Up to 5,00,000* | No Tax |
5,00,000 to 10,00,000 | 20% |
Above 10,00,000 | 30% |
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Note: An additional 4% Health & education cess will be applicable on the tax amount calculated as above. |