Income Tax Due Date Extended to all Taxpayers from July to August 2019
Income Tax Due Date Extended to all Taxpayers from 31st July to 31st August 2019
The last date for filing Income Tax returns for AY 2019-20 is 31.07.2019.
Filing Income Tax returns from 31st July, 2019 to 31st August, 2019 in cases of all taxpayers who are liable to file their Income Tax returns.
Income Tax Rates for the Assessment Year 2019-20
Individuals less than 60 years
Taxable income | Tax Rate |
Up to Rs. 2,50,000 | Nil |
Rs. 2,50,000 to Rs. 5,00,000 | 5 % |
Rs. 5,00,000 to Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Individuals between 60 years and 80 years
Taxable income | Tax Rate |
Up to Rs. 3,00,000 | Nil |
Rs. 3,00,000 to Rs. 5,00,000 | 5% |
Rs. 5,00,000 to Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
Individuals above 80 years
Taxable income | Tax Rate |
Up to Rs. 5,00,000 | Nil |
Rs. 5,00,000 – Rs. 10,00,000 | 20% |
Above Rs. 10,00,000 | 30% |
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