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Income tax slabs for 2019–20: What you need to know

Income tax slabs for 2019–20: What you need to know

For many taxpayers, income tax planning is stressful. But it does not have to be that way. Once you know how to compute income tax, the other details will fall into place. So, what’s the first thing you need to figure out? That has to be the income tax slabs.

What are income tax slabs?

Income tax in India is levied based on a series of slabs, with each slab representing an annual income range. Individuals have to pay income tax based on the slab they fall under. The tax rates increase as the income level increases.

But the income tax rates are not static. They are subject to change with every Union Budget presented by the central government.

Income tax slabs for FY 2019–20

The income tax slabs are not the same for everyone. There are currently three categories of individual taxpayers:

  1. Individuals below 60 years of age (including resident and non-resident Indians)
  2. Resident senior citizens (aged 60 years to less than 80 years)
  3. Resident super senior citizens (aged 80 years and above)


  • Income tax slabs for individuals below 60 years


Income Range Income Tax Rates
Up to Rs 2.5 lakh No tax payable
Above Rs 2.5 lakh and up to Rs 5 lakh 5% of income exceeding Rs 2.5 lakh
Above Rs 5 lakh and up to Rs 10 lakh Rs 12,500 + 20% of income exceeding Rs 5 lakh
Above Rs 10 lakh Rs 1,12,500 + 30% of income exceeding Rs 10 lakh


  • Income tax slabs for senior citizens


Income Range Income Tax Rates
Up to Rs 3 lakh No tax payable
Above Rs 3 lakh and up to Rs 5 lakh 5% of income exceeding Rs 3 lakh
Above Rs 5 lakh and up to Rs 10 lakh Rs 10,000 + 20% of income exceeding
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