Income Tax Brackets/Slabs & Rates applicable for FY 2019-20 are: Income Tax Slabs for FY 2019-20 for Individual, Hindu undivided family (HUF), Association of persons (AOP), Body of individuals (BOI), Artificial juridical person*: Income Up to ₹250000- NIL Income from ₹250000-₹500000- 5% Income from ₹500000-₹1000000- 20% Income more than ₹1000000- 30% Income Tax Slabs for […]
Tag: income tax slab 2019-20 india
As per Sec 139 of the Income tax act, it is mandatory to file an Income tax return in India
If your gross total income (before allowing any deductions under section 80C to 80U) exceeding INR 250000. This limit is INR 300000 for senior citizens (Who are more than 60 years but less than 80 years old) and INR 500000 for super senior citizens (Who are more than 80 years old). A company or firm […]