Income tax slab & how to calculate AY- 2019-20 income tax exempt of ₹ 5 lakh explain with example
Автор: Ganesh Youtube Family
Загружено: 2019-07-22
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Income tax slab & how to calculate AY- 2019-20 income tax exempt of ₹ 5 lakh explain with example
#Income_tax_slab_&_how_to_calculate_AY
Income tax calculation in AY 2019-20applies to annual earnings in FY 2018-19. For the applicable AY, basic exemption limit is Rs. 2.5 lakh, and theslab rate is 5% for income of Rs. 250,001 to Rs. 5 lakh. Income above Rs. 5 lakh will have a 20% tax rate as per IT slabs for AY 2019-20
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