INCOME SLAB AND TAX RATES FOR F.Y. 2020-21/A.Y 2021-22

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INCOME SLAB AND TAX RATES FOR F.Y. 2020-21/A.Y 2021-22

INCOME SLAB AND TAX RATES FOR F.Y. 2020-21/A.Y 2021-22
  1. Individual (Resident or Resident but not Ordinarily Resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year & for HUF:

Taxable incomeTax Rate
(Existing Scheme)Tax Rate
(New Scheme)Up to Rs. 2,50,000NilNilRs. 2,50,001 to Rs. 5,00,0005%5%Rs. 5,00,001 to Rs. 7,50,00020%10%Rs. 7,50,001 to Rs. 10,00,00020%15%Rs. 10,00,001 to Rs. 12,50,00030%20%Rs. 12,50,001 to Rs. 15,00,00030%25%Above Rs. 15,00,00030%30%
 

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