Income Tax slab rate for FY2018-19 and AY 2019-20 | new income tax slab rate 2018-19 | New tax slab

Hi Friends!

In Budget 2018 Finance Minister Arun Jaitely announced Income Tax Slab Rate which is most important for every person earning Income From Following Heads:

1) Income From Salary
2) Income From House Property
3) Income from Business & Profession
4) Income from Capital Gain
5) Income from Other Sources

Following are income tax slab rate for FY 2018-19 and AY 2019-20:
1) Income tax slab rate for individuals and huf (both men and women) for fy 2018-19 is:
upto Rs.250000 tas rate is nil
above Rs.250000 to Rs.500000 tax rate is 5%
above Rs.500000 to Rs.1000000 tax rate is 20%
above Rs.1000000 tax rate is 30%

2) Income tax slab rate for senior citizens (above 60 years to 80 years) for fy 2018-19 is:
upto Rs.300000 tas rate is nil
above Rs.300000 to Rs.500000 tax rate is 5%
above Rs.500000 to Rs.1000000 tax rate is 20%
above Rs.1000000 tax rate is 30%


3) Income tax slab rate for super senior citizens (above 80 years) for fy 2018-19 is:
upto Rs.500000 tas rate is nil
above Rs.500000 to Rs.1000000 tax rate is 20%
above Rs.1000000 tax rate is 30%

There are tax on tax also, to know exactly watch video Here:



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