Income Tax Return Consultants in India

Income tax consultants are specialists who are experts in the range of income tax. Do you want to know what is Income Tax? or find Contact Income Tax Return Consultants in India? If yes! You need to read this Article. Income Tax is the Tax which is charged on your income by the Government. There is different type of slabs to identify which slab you are covered with and accordingly you need to pay tax on your Income. Income Tax slabs are changed time to time by the Government so this is to make sure which Tax slab is suitable to particular Financial Year. Income Tax slab vary for different age group too. So, we are putting some datils below which will help you to understand the slabs for AY 2019-20 & 2020-21.

Tax Rates

1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person.

Assessment Year 2019-20

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%

 

Assessment Year 2020-21

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%

 

2. Who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year

Assessment Year 2019-20

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%

 

Assessment Year 2020-21

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%

 

3. Who is 80 years or more at any time during the previous year

Assessment Year 2019-20

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%

 

Assessment Year 2020-21

Taxable Income

Tax Rate

Up to Rs. 5,00,000

Nil

Rs. 5,00,000 to Rs. 10,00,000

20%

Above Rs. 10,00,000

30%


Contact Income Tax Return Consultants in India

Income Tax Return Consultants in India

These are some tables which will help you to understand the Tax slabs for different age group. You are requested to make sure the AY year which you are planning for Tax calculation as these are tables for AY 2019-20 & 2020-21. If you want to file your Income Tax return for another year contact us. If you are looking for Income Tax consultant online, reach us, we will help you to calculate your income tax and file your ITR. We provide online advice which can save your time and you would be more comfortable to get your Income Tax Return filed. We have the experts who are masters to income tax and file your Income Tax Return. We have Income Tax Return consultants at multiple locations in India to cater our services. So you are not to worry about your Income Tax Return filing, you would get all services online. For more info call Income Tax Return Consultants in India at +91-9719586772