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What is the slab rate for AY 2018 19?

What is the slab rate for AY 2018 19?

INCOME SLABS INCOME TAX RATES
Upto Rs.2,50,000 NIL
Rs. 2,50,000 to 5,00,000 5% of the amount exceeding Rs. 2,50,000
Rs. 5,00,000 to 10,00,000 Rs. 12,500/- + 20% of the amount exceeding Rs. 5,00,000 Rebate of Rs. 2,500/- for those having total income upto Rs. 3.5 lakh

What is normal income tax rate?

There are seven tax brackets for most ordinary income for the 2021 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent.

What is the current slab rate of income tax?

a. Income tax slab rate for New Tax regime

Income Tax Slab New Regime Income Tax Slab Rates (Applicable for All Individuals & HUF)
Rs 5.00 lakh- Rs 7.5 lakh 10%
Rs 7.5 lakh – Rs 10.00 lakh 15%
Rs 10.00 lakhs – Rs 12.50 lakh 20%
Rs 12.5 lakhs – Rs 15.00 lakh 25%

What is the slab rate for AY 2017 18?

INCOME SLABS INCOME TAX RATES
Upto Rs.2,50,000 NIL
Rs. 2,50,000 to 5,00,000 10% of the amount exceeding Rs. 2,50,000 Less: Tax Credit – 100% of income-tax or Rs. 5,000/-, whichever is less *.
Rs. 5,00,000 to 10,00,000 Rs. 25,000 + 20% of the amount exceeding Rs. 5,00,000

What is the income tax slab for assessment year 2019 20?

Income Tax Slab in India 2019-20

Taxable income Tax Rate (Existing Scheme) Tax Rate (New Scheme)
Rs. 2,50,001 to Rs. 5,00,000 5% 5%
Rs. 5,00,001 to Rs. 7,50,000 20% 10%
Rs. 7,50,001 to Rs. 10,00,000 20% 15%
Rs. 10,00,001 to Rs. 12,50,000 30% 20%

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