Income Tax Slabs | FY 2019-20 | FY 2018-19 |
Up to ₹3,00,000 | Nil | Nil |
₹3,00,001 to ₹5,00,000 | 5% | 5% |
₹5,00,001 to ₹10,00,000 | 20% | 20% |
Above ₹10,00,000 | 30% | 30% |
Cess | 4% Health & Education Cess | 3% Education Cess |
Standard deduction | ₹50,000 | ₹40,000 |
Rebate u/s 87A | ₹12,500 | ₹2,500 |
Surcharge where total income exceeds ₹50 lakh up to ₹1 crore | 10% | 10% |
Surcharge where the total income exceeds ₹1 crore | 15% | 15% |