Income Tax Slab for Salaried Employees

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Income Tax Slab for Salaried Employees

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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

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

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