Income Tax Calculator For AY 2019-20, 2018-19

Income Tax Slab & Rate for FY 2018-19 (Quick Highlights)

  • No tax for individuals with income less than Rs 2,50,000
  • 0%-5% tax with income Rs 2.5 lacs to 5 lacs for different age groups
  • 20% tax with income Rs 5 lacs to 10 lacs
  • Investments upto Rs 1.5 lacs under Sec 80C can save ₹ 45,000 in taxes.

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2018-19 – Part I

Income Tax SlabsTax RateHealth and Education Cess
Income up to Rs 2,50,000*No tax
Income from Rs 2,50,000 – Rs 5,00,0005%4% of Income Tax
Income from Rs 5,00,000 – 10,00,00020%4% of Income Tax
Income more than Rs 10,00,00030%4% of Income Tax

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2018-19 – Part II

Income Tax SlabsTax RateHealth and Education Cess
Income up to Rs 3,00,000*No tax
Income from Rs 3,00,000 – Rs 5,00,0005%4% of Income Tax
Income from Rs 5,00,000 – 10,00,00020%4% of Income Tax
Income more than Rs 10,00,00030%4% of Income Tax

Income Tax Slabs for Senior Citizens(80 Years Old Or More) for FY 2018-19 – Part III

Income Tax SlabsTax RateHealth and Education Cess
Income up to Rs 5,00,000*No tax
Income from Rs 5,00,000 – 10,00,00020%4% of Income Tax
Income more than Rs 10,00,00030%4% of Income Tax
  • Surcharge: 10% of income tax, where the total income exceeds Rs.50 lakh up to Rs.1 crore.
  • Surcharge: 15% of income tax, where the total income exceeds Rs.1 crore.
  • Income tax exemption limit for FY 2018-19 is up to Rs. 5,00,000 other than those covered in Part(I) or (II)