The below are the latest Income Tax slab rates in India for the financial year 2018-2019 (AY 2019-2019) for salaried individuals.
The rebate is applicable as per the Income Tax section 87A, if the resident individual total income does not exceed Rs.3,50,000 .
Income Tax Slab Rates for Individual & HUF (Men & Women)
Age Less Than 60 Years
Income Tax Slab Tax Rate
Upto Rs.2,50,000 Nil
From Rs.2,50,001-Rs.5,00,000 5%
From Rs.5,00,001-Rs.10,00,000 20%
Above Rs.10,00,000 30%
10% Surcharge in case of total income between Rs.50,00,000 to 1,00,00,000
15% Surcharge in case of total income is more than 1,00,00,000
Health & Education cess @4% on Income tax + Surcharge
Income Tax Slab Rates for Senior Citizens Individual & HUF (Men & Women)
Age between 60 – 80
Upto Rs.3,00,000 Nil
From Rs.3,00,001-Rs.5,00,000 5%
Income Tax Slab Rates for Super Senior Citizens Individual & HUF (Men & Women)
Age above 80 years
Upto Rs.5,00,000 Nil
TDS Rate Chart for Financial Year 2018-2019
House Rent Allowance Calculation
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