India 2019 Income Tax Slabs
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The following India income tax slabs (tax tables) are valid for the 2019/20 tax year which is also knows as Financial Year 19/20 and Assessment Year 2019/20
The 2019 tax tables are provided in support of the 2024 India Tax Calculator. The India 2019 tax tables provide additional information in relation to 2019 tax returns in India.
Please note that the India Income Tax Slabs for 2019 are, to the best of our knowledge, accurate and up to date. If you belive that one of the 2019 tax rates or 2019 income tax thresholds for India have changed from those we have published, please contact us and advise us which tax rates and/or thresholds have changed. The 2019 India Tax Tables here are used as part of the 2019 India Salary Calculator
Individual and HUF Income Tax Slabs 2019/20
The tax tables in India in 2019 are split into 3 separate age related tables, the aim being to reduce the tax paid by individuas as they get older. The first Income tax slab is for individuals under 60 years of age:
India Tax Slabs 2019: Male and Female Individuals under 60 years of age and HUF| 0% | Income between ₹ 0.00 and ₹ 250,000.00 |
| 5% | Income between ₹ 250,001.00 and ₹ 500,000.00 |
| 20% | Income between ₹ 500,001.00 and ₹ 1,000,000.00 |
| 30% | Income between ₹ 1,000,001.00 and ₹ 100,000,000,000,000,000.00 |
The second India Income tax slab in 2019 is for individuals over 60 years of age but under 80 years of age. In India, an individual is classed as a Senior Citizen from their 60th birthday.
India Tax Slabs 2019: All Senior Citizens above 60 years of Age| 0% | Income between ₹ 0.00 and ₹ 250,000.00 |
| 5% | Income between ₹ 250,001.00 and ₹ 300,000.00 |
| 20% | Income between ₹ 300,001.00 and ₹ 500,000.00 |
| 30% | Income between ₹ 500,001.00 and ₹ 100,000,000,000,000,000.00 |
The third India Income tax slab in 2019 is for individuals over 80 years of age and provides the lowest levels of personal income tax in India.
India Tax Slabs 2019: All Senior Citizens above 80 Years of Age| 0% | Income between ₹ 0.00 and ₹ 500,000.00 |
| 20% | Income between ₹ 500,001.00 and ₹ 1,000,000.00 |
| 30% | Income between ₹ 1,000,001.00 and ₹ 100,000,000,000,000,000.00 |
Income Tax Slabs 2019/20: Misc Individual Thresholds and Rate
India Tax Tables in 2019| ₹ 150,000.00 | Maximum Expenses Threshold in 2019 |
| ₹ 20,000.00 | Long-term infrastructure bonds Limit in 2019 |
| ₹ 25,000.00 | Equity Linked Savings Scheme Investment Limit in 2019 |
| 0.5% | Equity Linked Savings Scheme Investment Rate in 2019 |
| ₹ 40,000.00 | Medi Claim Premium Cap in 2019 |
| ₹ 10,000.00 | Interest on Saving Account Deposits Cap in 2019 |
| ₹ 100,000.00 | Interest on Residential House Cap in 2019 |
| ₹ 100,000.00 | Employee National Pensions Scheme (NPS) Cap in 2019 |
| ₹ 150,000.00 | Employer National Pensions Scheme (NPS) Cap in 2019 |
Tax Slabs 2019/20: AOP/BOI Rates and Thresholds
India Tax Slabs 2019 AOP/BOI Rates and Thresholds| 0% | Income between ₹ 0.00 and ₹ 250,000.00 |
| 0.5% | Income between ₹ 250,001.00 and ₹ 300,000.00 |
| 2% | Income between ₹ 300,001.00 and ₹ 1,000,000.00 |
| 3% | Income from₹ 1,000,001.00 and above (no maximum income tax) |
India Tax Slabs 2019 AOP/BOI Marginal Relief Rates and Thresholds| ₹ 10,000,000.00 | Marginal Relief Threshold in 2019 |
| ₹ 2,825,000.00 | Marginal Relief Upper Threshold in 2019 |
| 10% | Marginal Relief Rate in 2019 |
Tax Slabs 2019/20: Co-operative Society Rates and Thresholds
India Tax Tables in 2019: Co-operative Society Rates and Thresholds| ₹ 10,000.00 | Co-operative Society Basic Threshold in 2019 |
| ₹ 20,000.00 | Co-operative Society Higher Threshold in 2019 |
| 1% | Co-operative Society Starting Rate in 2019 |
| 2% | Co-operative Society Basic Rate in 2019 |
| 3% | Co-operative Society Higher Rate in 2019 |
| ₹ 10,000.00 | Co-operative Society Marginal Relief Threshold in 2019 |
| ₹ 20,000.00 | Co-operative Society Marginal Relief Threshold in 2019 |
| 10% | Co-operative Society Marginal Relief Rate in 2019 |
Tax Slabs 2019/20 Limited Liability Partnership (LLP) Rates and Thresholds
India Tax Tables in 2019: Limited Liability Partnership (LLP) Rates and Thresholds| 3% | Limited Liability Partnership (LLP) Tax Rate in 2019 |
| 10% | Limited Liability Partnership (LLP) Marginal Rate in 2019 |
| ₹ 10,000,000.00 | Limited Liability Partnership (LLP) Marginal Relief Threshold in 2019 |
| ₹ 3,000,000.00 | Limited Liability Partnership (LLP) Marginal Relief Limit in 2019 |
Firms Tax Slabs 2019/20
India Tax Tables in 2019: Firms| 3% | Firms Tax Rate in 2019 |
| 10% | Firms Marginal Rate in 2019 |
| ₹ 10,000,000.00 | Firms Marginal Relief Threshold in 2019 |
| ₹ 3,000,000.00 | Firms Marginal Relief Limit in 2019 |
Foreign Companies Tax Slabs 2019/20
India Tax Tables in 2019: Foreign Company| 4% | Foreign Company Tax Rate in 2019 |
| 0.02 | Foreign Company Basic Marginal Rate in 2019 |
| 0.05 | Foreign Company Higher Marginal Rate in 2019 |
| ₹ 10,000,000.00 | Foreign Company Marginal Starter Threshold in 2019 |
| ₹ 4,000,000.00 | Foreign Company Marginal Basic Threshold in 2019 |
| ₹ 4,000,000.00 | Foreign Company Marginal intermediate Threshold in 2019 |
| ₹ 40,800,000.00 | Foreign Company Marginal Higher Threshold in 2019 |
Domestic Companies Tax Slabs 2019/20
India Tax Tables in 2019: Domestic Company| 30% | Domestic Company Tax Rate in 2019 |
| ₹ 10,000,000.00 | Domestic Company Basic Tax Threshold in 2019 |
| ₹ 100,000,000.00 | Domestic Company Higher Tax Threshold in 2019 |
| 0.05% | Domestic Company Basic Tax Rate in 2019 |
| 0.1% | Domestic Company Higher Tax Rate in 2019 |
| ₹ 3,000,000.00 | Domestic Company Marginal Basic Threshold in 2019 |
| ₹ 10,000,000.00 | Domestic Company Marginal Intermediate Threshold in 2019 |
| ₹ 31,500,000.00 | Domestic Company Marginal Higher Threshold in 2019 |
India Corporate Tax Rates and Thresholds in 2019| % | Domestic and foreign companies corporate tax rate in 2019 |
| % | Small companies corporate tax rate in 2019 |
| % | Hi-tech companies corporate tax rate in 2019 |
What is HUF?
In the 2019 income tax slabs, HUF refers to Hindu Undivided Family which is a is a joint family which is interpreted as a separate entity from that of the individual members within the HUF. The HUF is headed by the Karta. A HUF is not limited to Hindu members, Hindu, Buddhists, Jains, and Sikhs can form and be members of a HUF. As per the Income Tax Act applicable in the 2019 tax year, a proprietor of a business can be an individual or a HUF, for an entity to be taxed as a HUF, it should have at least two co-parceners.
What is AOP/BOI
In the 2019 income tax slabs, AOP refers to an Association Of Persons and BOI refers to an Body Of Individuals. Under section 2(31) of the Income-tax Act, 1961, both AOP and BOI, whether incorporated or not, are treated as a ‘person’ for tax purposes ( whether they were or were not, they formed or established or incorporated with the object of deriving income, profits or gains).
India Tax Tables (Income Tax Rates and Thresholds)