Income Tax Rates For Ay 2019-20 And Fy 2018-19 have been proposed by finance minister of India in Budget 2018. We will discuss very current tax slab rates for fy 2018-19 in this in-depth article with table examples.So you must read it.
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Online Income Tax Calculator for Financial Year 2018-19 (Assessment Year 2019-20). Online IT calculator from Insurance Funda is an easy online solution to calculate your tax liability in simple steps. Provide your details like Age, Income details, exemptions etc. and get a detailed Income Tax calculation.
If you want to calculate your tax liability for any previous years, Click the links below.
- IT Calculator for FY 2017-18 | AY 2018-19.
Income Tax Calculator for Financial Year 2018-19 (Assessment Year 2019-20)
Income Tax Slabs for Financial Year 2018-19 (Assessment Year 2019-20)
For your information I am providing the latest tax slabs for the current financial year.
Income Tax Slabs And Rates (FY – 2018-19) (AY 2019-20) www.insurancefunda.in | |||
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Income | Up to 59 years of age | 60 to 79 years of age | Age 80 and above |
0 – 2.5 lakhs | Nil | Nil | Nil |
2.5 – 3 lakhs | 5% of income above 2.5 lakhs | Nil | Nil |
3 – 5 lakhs | 2500 + 5% of income above 3 lakhs | 5% of Income above 3 lakhs | Nil |
5 – 10 lakhs | 12500 + 20% of income above 5 lakhs | 10000 + 20% of income above 5 lakhs | 20% of income above 5 lakhs |
Above 10 lakh | 112500 + 30% of income above 10 lakhs | 110000 + 30% of income above 10 lakhs | 100000 + 30% of income above 10 lakhs |
If income is above 50 lakhs 10 % of tax as surcharge | |||
If income is above 1 crore 15 % of tax as surcharge | |||
Educational Cess at the rate of 4% has to be paid on tax + surcharge |
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