Anticipatory Income Tax Calculator FY 2020-21

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 Income Tax FY 2019-20

Income Tax Slab (Existing)          Individuals below the age of 60 years
  • Up to Rs. 250000
Nil
  • Rs.250001 to Rs.500000
5%
  • Rs.500001 to Rs.1000000
Rs.12500 + 20% of total income exceeding Rs. 500000
  • Above Rs.1000000
Rs.112500 + 30% of total income exceeding Rs.1000000
Income Tax Slab (New)          Tax Rate
  • Up to Rs 2.5 lakh
Nil
  • Rs 2.5 lakh to Rs 5 lakh
5% (Tax rebate of Rs 12,500 available under section 87A)
  • Rs 5 lakh to Rs 7.5 lakh
10%
  • Rs 7.5 lakh to Rs 10 lakh
15%
  • Rs 10 lakh to Rs 12.5 lakh
20%
  • Rs 12.5 lakh to Rs 15 lakh
25%
  • Rs 15 lakh and above
30%
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