Income Tax Slab Rates FY 2018-2019

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%

Surcharge

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

Income Tax Slab Tax Rate

Upto Rs.3,00,000 Nil

From Rs.3,00,001-Rs.5,00,000 5%

From Rs.5,00,001-Rs.10,00,000 20%

Above Rs.10,00,000 30%

Surcharge

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 Super Senior Citizens Individual & HUF (Men & Women)

Age above 80 years

Income Tax Slab Tax Rate

Upto Rs.5,00,000 Nil

From Rs.5,00,001-Rs.10,00,000 20%

Above Rs.10,00,000 30%

Surcharge

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