Income Tax Assessment Year 2019-20

PART - I :: IMPORTANT SECTIONS
1 Rates of Income Tax : [ For Male & Female individuals & HUF] :
Upto Rs.2,50,000/- :: Nil
Rs.2,50,001/- to Rs.5,00,000/- :: 5% }
Rs.5,00,001/- to Rs.10,00,000/- :: 20% } 4% Health & Education cess
Rs.10,00,001/- and above :: 30% }
[For Senior Citizens - Age above 60 years]
Upto Rs.3,00,000/- :: Nil
Rs.3,00,001/- to Rs.5,00,000/- :: 5% } 4% Health & Education cess
Rs.5,00,001/- to Rs.10,00,000/-:: 20% }
Rs.10,00,001/- and above :: 30% }
Senior citizen age 80 years & above: Up to Rs.5,00,000/-Income Tax-
NIL
 Rebate up to Rs.2500 to resident individuals with taxable income
upto Rs.350000 (U/S 87A)
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