Salary Tax Slab Rates stay unaltered in the Interim Budget 2019 for the following Financial Year. Be that as it may, Tax Rebate U/S 87A expanded from Rs 2,500/ - to Rs 12,500/ - , Individuals with Taxable Income up to Rs 5 lacs will appreciate 100% assessment refund. Salary Tax Slab Rates outline above demonstrates the most recent Tax rates material for the Financial Year 2019-2020 (Assessment Year 2020-21). Wellbeing and Education Cess is exacted @ 4% on Income Tax payable. Standard Deduction re-presented a year ago has been expanded to Rs 50,000/-. Assessable Income alongside exclusion limit for Senior Citizens has been talked about beneath.
