Individual Income Tax Slab: Exemptions for Salaried Employees

Switch to the 5 Star Rated Insurance

Trusted by 1.5 crore customers

COVID-19 covered

Health
Car
Bike
Commercial
COVID-19 covered

Travel
More Products

Enter Your Car Registration number

Mobile Number

+91

Enter Mobile Number to Proceed

+91

OR ENTER YOUR CAR NUMBER

DON'T KNOW YOUR CAR NUMBER?

or renew digit policy

I agree to the Terms & Conditions

Registration Number

{{(bikeCtrl.bikeLocalStorageValues.vehicle.isVehicleNew)?'New bike registration city':'City'}}

Previous policy expiry

Not Expired

Expired

DON'T KNOW REGISTRATION NUMBER?

I KNOW MY REGISTRATION NUMBER

IT'S A NEW BIKE

OR RENEW DIGIT POLICY

Which countries are you visiting?

x {{country}}

Most Popular(You can select more than one)

{{country}}

Leaving date

Return date

Try agian later

Get Quote

Pincode

Policy Start Date

Policy End Date

Get Quote

Pin Code

Agent Code

In case, you wish to buy a plan for your siblings, aunts, uncles or any other relatives, you can buy a separate plan for them.

Add Members you want to insure

Mobile Number

Try agian later

Port my existing Policy

Agent Name: {{healthCtrl.integraAgentDetails.agentName}}

State: {{healthCtrl.integraAgentDetails.state}}

SP Name: {{healthCtrl.integraAgentDetails.spName}}

SP Code: {{healthCtrl.integraAgentDetails.spCode}}

Try agian later

Pin Code

Agent Code

Agent name: {{healthCtrl.integraAgentDetails.agentName}}

State: {{healthCtrl.integraAgentDetails.state}}

SP Name: {{healthCtrl.integraAgentDetails.spName}}

SP code: {{healthCtrl.integraAgentDetails.spCode}}

Mobile Number

+91 {{healthCtrl.mobileNumberError}}

Try agian later

done

I agree to the Terms & Conditions

You can select more than one member

{{familyMember.name}}

-{{familyMember.multipleCount}}+ Max {{healthCtrl.maxChildCount}} kids

(s)

Registration Number

Mobile Number

+91

City

Mobile Number

+91

OR ENTER YOUR REGISTRATION NUMBER

DON'T KNOW YOUR REGISTRATION NUMBER

or renew digit policy

I agree to the Terms & Conditions

Get Quote

Switch to the 5 Star Rated Insurance

Renew Policy

Income Tax Slabs	Rate of Tax
For individuals with income of up to ₹2.5 Lakh	Nil
For Individuals with income ranging between ₹2,50,001 and ₹5 Lakh	5% of the total income above ₹2,50,000
For Individuals with income ranging between ₹5,00,001 and ₹10 Lakh	₹12,500+ 20% of the total income above ₹5 Lakh
For Individuals with income above ₹10 Lakh	₹1,12,500+ 30% of their total income above ₹10 Lakh

Income limit	Surcharge rate on Income Tax
When the net income is higher than ₹50 Lakh but less than ₹1 Crore	10%
When net income is higher than ₹1 Crore and less than ₹2 Crore	15%
When net income is higher than ₹2 Crore but less than ₹5 Crore	25%
When net income is higher than ₹5 Crore	37%

Income Tax Slab for Salaried Employees

All about Individual Income Tax Slab

Income Tax Slab for Salaried person (below 60 years of age) and HUF – FY 2019-20

Income Tax Rebate for Salaried Person

Income Tax Exemptions for Salaried Employees

FAQs about Individual Income Tax Slab

✓ What is the income tax exemption on health insurance policies?

✓ What is the time period designated for calculation of income tax?

✓ Can Hindu Undivided Families avail tax exemptions?

More article about Income Tax in India

Get our app