Tax Rates for Individuals & HUF for Assessment Year 2019-2020
| Rate | General | Sr. Citizen | Super Sr. Citizen |
| Nil | up to 2.5 Lac | up to 3 Lac | up to 5 Lac |
| 5% | 2.5 to 5 Lac | 3 to 5 Lac | NA |
| 20% | 5 to 10 Lac | 5 to 10 Lac | 5 to 10 Lac |
| 30% | Above 10 Lac | Above 10 Lac | Above 10 Lac |
- Exclusive of Health and Education Cess @ 4%
- Exclusive of surcharge for A.Y. 2018-19 and A.Y. 2019-20 as mentioned below.
In addition to above additional tax at the rate of 10% of gross amount of dividend shall be paid by all
resident assessees except domestic company & certain funds, trust, institutions, etc if dividend received by
them exceeds INR 10 lakhs per annum From AY 2019-20 Dividend distributed by Equity Oriented mutual
funds are taxable at the rate of 10%.
Resident individual of 60 years till 79 years.
Resident individual of 80 years and above at any time during the year.
Rebate as per Sec. 87 A will be provided to a resident individual whose Net Income < ` 3,50,000. Rebate will be:
1. Equal to the Actual Tax Payable or ` 2500 whichever less for A.Y. 2018-19 and A.Y. 2019-20.
addition to above additional tax at the rate of 10% of gross amount of dividend shall be paid by all
resident assessees except domestic company & certain funds, trust, institutions, etc if dividend received by
them exceeds ` 10 lakhs per annum From AY 2019-20 Dividend distributed by Equity Oriented mutual
funds are taxable at the rate of 10%.
Avdhoot Investment provides a solution for how to save maximum tax on your Individual Income or Senior Citizen Income with right proposition of Insurance & Investment in various tax Saving products.
