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Income Tax Slab 2018-19

General Category (Upto 60 Years of Age)

Income Tax
Up to Rs. 2,50,000 Nil
Rs. 2,50,001 - Rs. 5,00,000 5%
Rs. 5,00,001 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Senior Citizen (60-80 Years of Age)

Income Tax
Up to Rs. 3,00,000 Nil
Rs. 3,00,001 - Rs. 5,00,000 5%
Rs. 5,00,001 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

Super Senior Citizen (Above 80 Years of Age)

Income Tax
Up to Rs. 5,00,000 Nil
Rs. 5,00,001 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%

* Surcharge of 10% for income between Rs. 50 lakh and Rs. 1 crore (with marginal relief)
* Standard Deduction of Rs. 40,000 allowed to all salaried individual (WEF 2018 Budget)
* Health and Education Cess on Individual Income Tax - 4% (WEF 2018 Budget)
* Surcharge of 15% for income above Rs. 1 crore (with marginal relief)
* Rebate of up to Rs. 2,500 for taxable salary up to Rs. 3.5 lakh

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