income tax slabs for the financial year 2020-21

Income tax slabs in India for the assessment year 2021-2022 which means for the financial year 2020-2021

Income tax slabs for the assessment year 2021-22.

Income tax slabs for the assessment year 2021-22

income tax slabs for the assessment year 2021-22


Individuals & HUF within the age of 60 years\

 
 

INCOME TAX SLABS

TAX RATE

CESS

Income upto Rs.2,50,000

No Tax

 

Income from Rs.2,50,000 - 5,00,000

5%

4% of Icome Tax

Income from Rs.5,00,000 - 10,00,000

20%

4% of Icome Tax

Income from Rs.10,00,000 and above

30%

4% of Icome Tax


Income Tax for Senior Citizens above 60 years and below 80 years

 
 

INCOME TAX SLABS

TAX RATE

CESS

Income upto Rs.3,00,000

No Tax

 

Income from Rs.3,00,000 - 5,00,000

5%

4% of Icome Tax

Income from Rs.5,00,000 - 10,00,000

20%

4% of Icome Tax

Income from Rs.10,00,000 and above

30%

4% of Icome Tax


Income Tax for Senior Citizens above 80 years

 
 

INCOME TAX SLABS

TAX RATE

CESS

Income upto Rs.5,00,000

No Tax

 

Income from Rs.5,00,000 - 10,00,000

20%

4% of Icome Tax

Income from Rs.10,00,000 and above

30%

4% of Icome Tax

 

 



Basing on the income tax slabs, one needs to plan their savings prior to the due date.