INCOME TAX RATES ASSESSMENT YEAR 2018-19 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 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% Less: Rebate under Section 87A [see Note] Add: Surcharge and Education Cess [see Note] 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% Less: Rebate under Section 87A [see Note] Add: Health and Education Cess [see Note] 2. In case of a resident senior citizen (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 2018-19 Taxable income Tax Rate Up to Rs. 3,00,000 Nil Rs. 3,00,000 – Rs. 5,00,000 5% Rs. 5,00,000 – Rs. 10,00,000 20%...