Income Tax Slabs and Tax Rates in India for Financial Year 2019-20 (AY 2020-21)



In India, income tax is levied on individual taxpayers and corporates on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab.


Following are the Income Tax Slabs and Tax Rates for various category of persons for the Financial Year 2019-20:


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