---
title: "income tax slab for 2020-21"
url: https://www.vickioffers.com/income-tax-slab/
date: 2018-02-02
modified: 2018-02-02
author: "vks23192"
description: "Budget 2020 brings new income tax slab for 2020-21 Are you anxious to know income tax slab for 2020-21? New income tax rate has been divided into six different income..."
categories:
  - "India"
tags:
  - "income tax"
word_count: 209
---

# income tax slab for 2020-21

### Budget 2020 brings new income tax slab for 2020-21

Are you anxious to know income tax slab for 2020-21? New income tax rate has been divided into six different income tax rate of Zero, 5%, 10% 15% 20% , 25%and 30% in India. 

Computation of income is essential for filing income tax return. Every year income tax rate changes and this year 2020 new income tax rate are here.       

**income tax rate 2020-21**

Income up to Rs 250,000 is exempt from tax for men and women.

Income ranging 2.5 Lakhs to 5 lakhs attract a fixed income tax of five percent.

Income ranging 5 Lakhs to 7.5 lakhs attract a income tax of Rs 11250 + ten percent of Gross income.

[![income tax slab](http://13.235.248.41/wp-content/uploads/2018/02/income-tax-slab-1-300x226.png)](http://vickioffers.com/wp-content/uploads/2018/02/income-tax-slab-1.png)income tax rate 2020-21
Income ranging 7.5 Lakhs to 10 lakhs attract a income tax of Rs 37500 + fifteen percent of Gross income.

Income ranging 10 Lakhs to 12.5 lakhs attract a income tax of Rs 75000 + twenty percent of Gross income.

Income ranging 12.5 Lakhs to 15 lakhs attract a income tax of Rs 125000+ twenty five percent of Gross income.

Income ranging above fifteen lakhs attract a income tax of Rs 187500+ thirty percent of Gross income.