Tax planning is an very important part of our financial planning. It is helpful for us to reduce our tax liability to the minimum. If we planning our tax efficiently. It is possible by legitimately taking of all tax exemption advantage, deductions rebates and allowances. The purpose of the paper is to compare the changes and benefits of income tax slabs in Assessment year 2019-20 and 2020-21 which assessment year is more beneficial.

KEYWORDS:  Income Tax, Income Tax Slab, Old Income Tax Slab, New Income Tax Slab, Comparison.