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

 

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%

 

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%

Note: An additional 4% Health & education cess will be applicable on the tax amount calculated as above.