Tax Slabs Based on Income and Age

The Tax slabs for various income and age groups for FY 2018-19 (AY 2019-20) are as follows:

Income Tax Slab for Individuals (up to 60 years):
Income Range (in Rupees) Tax Rate
Zero to 2,50,000 Nil
2,50,000 to 5,00,000 5%
5,00,000 to 10,00,000 20%
Above 10,00,000 30%
Income Tax Slab for Senior Citizens (age between 60 to 80 years)
Income Range (in Rupees) Tax Rate
Zero to 3,00,000 Nil
3,00,000 to 5,00,000 5%
5,00,000 to 10,00,000 20%
Above 10,00,000 30%

Tax rebate under Section 87A (up to Rs 5,000) is available to resident individuals with income less than Rs 5,00,000.

The Surcharge, Health and Education Cess and Secondary and Higher Education Cess are added to the tax structure under this slab

Income Tax Slab for Super Senior Citizens (more than 80 Years of age)
Income Range (in Rupees) Tax Rate
Zero to 5,00,000 Nil
5,00,000 to 10,00,000 20%
Above 10,00,000 30%
Surcharge and Health and Education Cess are added to the tax structure under this slab