INCOME TAX SLAB RATES FROM A.Y. 2001-2002 TO 2017-2018

Income Tax Rates/Slabs for A.Y. (2001-02)

Slab ((Rs) Tax (Rs) Surcharge Total Income>Rs. 60,000 Surcharge Total Income>Rs. 1,50,000
Less than 50,000 Nil Nil Nil
50,000 to 60,000 (TI-50,000) * 10% 12% 17%
60,000 to 1, 50,000 1,000+(TI-60,000) * 20% 12% 17%
Greater than 1,50,000 19,000+(TI-1,50,000) * 30% 12% 17%

 

Income Tax Rates/Slabs for A.Y. (2002-03)

Slab ((Rs) Tax (Rs) Surcharge Total Income>Rs. 60,000
Less than 50,000 Nil Nil
50,000 to 60,000 (TI-50,000) * 10% 2%
60,000 to 1, 50,000 1,000+(TI-60,000) * 20% 2%
Greater than 1,50,000 19,000+(TI-1,50,000) * 30% 2%

Income Tax Rates/Slabs for A.Y. (2003-04)

Slab ((Rs) Tax (Rs) Surcharge Total Income>Rs. 60,000
Less than 50,000 Nil Nil
50,000 to 60,000 (TI-50,000) * 10% 5%
60,000 to 1, 50,000 1,000+(TI-60,000) * 20% 5%
Greater than 1,50,000 19,000+(TI-1,50,000) * 30% 5%

Income Tax Rates/Slabs for A.Y. (2004-05) and A.Y. 2005-2006

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 8,50,000
Less than 50,000 Nil Nil
50,000 to 60,000 (TI-50,000) * 10% 10%
60,000 to 1, 50,000 1,000+(TI-60,000) * 20% 10%
Greater than 1,50,000 19,000+(TI-1,50,000) * 30% 10%

Income Tax Rates/Slabs for A.Y. (2006-2007) and A.Y. (2007-2008)

Men aged 65 years and less

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 10,00,000
Less than 1,00,000 Nil Nil
1,00,000 to 1,50,000 (TI-1,00,000) * 10% 10%
1,50,000 to 2,50,000 5,000+(TI-1,50,000) * 20% 10%
Greater than 2,50,000 25,000+(TI-2,50,000) * 30% 10%

Women aged 65 years and less

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 10,00,000
Less than 1,35,000 Nil Nil
1,35,000 to 1,50,000 (TI-1,35,000) * 10% 10%
1,50,000 to 2,50,000 1,500+(TI-1,50,000) * 20% 10%
Greater than 2,50,000 21,500+(TI-2,50,000) * 30% 10%

Senior Citizens (Individuals aged above 65 years)

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 10,00,000
Less than 1,85,000 Nil Nil
1,85,000 to 2,50,000 (TI-1,85,000) * 20% 10%
Greater than 2,50,000 13,000+(TI-2,50,000) * 30% 10%

Income Tax Rates/Slabs for A.Y. (2008-2009)

Men aged 65 years and less

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 10,00,000
Less than 1,10,000 Nil Nil
1,10,000 to 1,50,000 (TI-1,10,000) * 10% 10%
1,50,000 to 2,50,000 4,000+(TI-1,50,000) * 20% 10%
Greater than 2,50,000 24,000+(TI-2,50,000) * 30% 10%

Women aged 65 years and less

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 10,00,000
Less than 1,45,000 Nil Nil
1,45,000 to 1,50,000 (TI-1,45,000) * 10% 10%
1,50,000 to 2,50,000 500+(TI-1,50,000) * 20% 10%
Greater than 2,50,000 20,500+(TI-2,50,000) * 30% 10%

Senior Citizens (Individuals aged above 65 years)

Slab ((Rs) Tax (Rs) Surcharge Total Income> Rs. 10,00,000
Less than 1,95,000 Nil Nil
1,95,000 to 2,50,000 (TI-1,95,000) * 20% 10%
Greater than 2,50,000 11,000+(TI-2,50,000) * 30% 10%

 

Education Cess has to be added on Income Tax @ 2% from A.Y. 2004 -05 and 3% form A.Y. 2007-08

Income Tax Rates/Slabs for A.Y. (2009-2010)

Men aged 65 years and less

Slab ((Rs) Tax (Rs)
Less than 1,50,000 Nil
1,50,000 to 3,00,000 (TI-1,50,000) * 10%
3,00,000 to 5,00,000 15,000+(TI-3,00,000) * 20%
Greater than 5,00,000 55,000+(TI-5,00,000) * 30%

Women aged 65 years and less

Slab ((Rs) Tax (Rs)
Less than 1,80,000 Nil
1,80,000 to 3,00,000 (TI-1,80,000) * 10%
3,00,000 to 5,00,000 12,000+(TI-3,00,000) * 20%
Greater than 5,00,000 52,000+(TI-5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab ((Rs) Tax (Rs)
Less than 2,25,000 Nil
2,25,000 to 3,00,000 (TI-2,25,000) * 10%
3,00,000 to 5,00,000 7,500+(TI-3,00,000) * 20%
Greater than 5,00,000 47,500+(TI-5,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2010-2011)

Men aged 65 years and less

Slab ((Rs) Tax (Rs)
Less than 1,60,000 Nil
1,60,000 to 3,00,000 (TI-1,60,000) * 10%
3,00,000 to 5,00,000 14,000+(TI-3,00,000) * 20%
Greater than 5,00,000 54,000+(TI-5,00,000) * 30%

Women aged 65 years and less

Slab ((Rs) Tax (Rs)
Less than 1,90,000 Nil
1,90,000 to 3,00,000 (TI-1,90,000) * 10%
3,00,000 to 5,00,000 11,000+(TI-3,00,000) * 20%
Greater than 5,00,000 51,000+(TI-5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab ((Rs) Tax (Rs)
Less than 2,40,000 Nil
2,40,000 to 3,00,000 (TI-2,40,000) * 10%
3,00,000 to 5,00,000 6,000+(TI-3,00,000) * 20%
Greater than 5,00,000 46,000+(TI-5,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2011-2012)

Men aged 65 years and less

Slab ((Rs) Tax (Rs)
Less than 1,60,000 Nil
1,60,000 to 5,00,000 (TI-1,60,000) * 10%
5,00,000 to 8,00,000 34,000+(TI-5,00,000) * 20%
Greater than 8,00,000 94,000+(TI-5,00,000) * 30%

Women aged 65 years and less

Slab ((Rs) Tax (Rs)
Less than 1,90,000 Nil
1,90,000 to 5,00,000 (TI-1,90,000) * 10%
5,00,000 to 8,00,000 31,000+(TI-5,00,000) * 20%
Greater than 8,00,000 91,000+(TI-8,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

Slab ((Rs) Tax (Rs)
Less than 2,40,000 Nil
2,40,000 to 5,00,000 (TI-2,40,000) * 10%
5,00,000 to 8,00,000 26,000+(TI-5,00,000) * 20%
Greater than 8,00,000 86,000+(TI-8,00,000) * 30%

Income Tax Rates/Slabs for A.Y. (2012-2013)

SL NO. Tax Men Women Senior Citizen Age =>60 and <80 Super Senior Citizen Age above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 1,80,000 Up to Rs. 1,90,000 Up to Rs. 2,50,000
2 10.00% 1,80,001 to 5,00,000 1,90,001 to 5,00,000 2,50,001 to 5,00,000
3 20.00% 5,00,001 to 8,00,000 5,00,001 to 8,00,000 5,00,001 to 8,00,000 5,00,001 to 8,00,000
4 30.00% Above 8,00,000 Above 8,00,000 Above 8,00,000 Above 8,00,000

Note :-                        1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years

Income Tax Rates/Slabs for A.Y. (2013-2014)

SL NO. Tax Men Women Senior Citizen Age Super Senior Citizen Age equal or above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 2,00,000 Up to Rs. 2,00,000 Up to Rs. 2,50,000
2 10.00% 2,00,001 to 5,00,000 2,00,001 to 5,00,000 2,50,001 to 5,00,000
3 20.00% 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000
4 30.00% Above 10,00,000 Above 10,00,000 Above 10,00,000 Above 10,00,000

Note :-                        1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 65 Years

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4) Benefit of Rs. 1.50 Lakh for Interest on Housing Loan will be continued

Income Tax Rates/Slabs for A.Y. (2014-2015)

SL NO. Tax Rate Men Women Senior Citizen Age Super Senior Citizen Age equal or above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 2,00,000 Up to Rs. 2,00,000 Up to Rs. 2,50,000 Up to Rs. 5,00,000
2 10.00% 2,00,001 to 5,00,000 2,00,001 to 5,00,000 2,50,001 to 5,00,000
3 20.00% 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000
4 30.00% Above 10,00,000 Above 10,00,000 Above 10,00,000 Above 10,00,000

Note :-                   1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years or more but less 80 years.

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4)  Rebate under section 87A – A resident individual (whose net income does not exceed Rs.5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less

 

Income Tax Rates/Slabs for A.Y. (2015-2016)

SL NO. Tax Rate Men Women Senior Citizen Age Super Senior Citizen Age equal or above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 2,50,000 Up to Rs. 2,50,000 Up to Rs. 3,00,000 Up to Rs. 5,00,000
2 10.00% 2,50,001 to 5,00,000 2,50,001 to 5,00,000 3,00,001 to 5,00,000
3 20.00% 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000
4 30.00% Above 10,00,000 Above 10,00,000 Above 10,00,000 Above 10,00,000

Note :-                   1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years or more but less 80 years.

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4)  Rebate under section 87A – A resident individual (whose net income does not exceed Rs.5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less

 

Income Tax Rates/Slabs for A.Y. (2016-2017)

SL NO. Tax Rate Men Women Senior Citizen Age Super Senior Citizen Age equal or above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 2,50,000 Up to Rs. 2,50,000 Up to Rs. 3,00,000 Up to Rs. 5,00,000
2 10.00% 2,50,001 to 5,00,000 2,50,001 to 5,00,000 3,00,001 to 5,00,000
3 20.00% 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000
4 30.00% Above 10,00,000 Above 10,00,000 Above 10,00,000 Above 10,00,000

Note :-                   1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years or more but less 80 years.

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4)  Rebate under section 87A – A resident individual (whose net income does not exceed Rs.5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less

 

Income Tax Rates/Slabs for A.Y. (2017-2018)

SL NO. Tax Rate Men Women Senior Citizen Age Super Senior Citizen Age equal or above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 2,50,000 Up to Rs. 2,50,000 Up to Rs. 3,00,000 Up to Rs. 5,00,000
2 10.00% 2,50,001 to 5,00,000 2,50,001 to 5,00,000 3,00,001 to 5,00,000
3 20.00% 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000
4 30.00% Above 10,00,000 Above 10,00,000 Above 10,00,000 Above 10,00,000

Note :-                   1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years or more but less 80 years.

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4)  Rebate under section 87A – A resident individual (whose net income does not exceed Rs.5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 5,000, whichever is less

 

Income Tax Rates/Slabs for F.Y. (2017-2018)/ AY 2018-19

SL NO. Tax Rate Men Women Senior Citizen Age Super Senior Citizen Age equal or above 80 years
% Rs. Rs. Rs. Rs.
1 0.00% Upto Rs. 2,50,000 Up to Rs. 2,50,000 Up to Rs. 3,00,000 Up to Rs. 5,00,000
2 5.00% 2,50,001 to 5,00,000 2,50,001 to 5,00,000 3,00,001 to 5,00,000
3 20.00% 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000 5,00,001 to 10,00,000
4 30.00% Above 10,00,000 Above 10,00,000 Above 10,00,000 Above 10,00,000

Note :-                   1) Surcharge is Nil and 3% Cess will be charged on Above Tax

2) Age of Senior Citizen is = 60 Years or more but less 80 years.

3) Corporate Tax will be 30% and surcharge and cess will be Nil.

4)  Rebate under section 87A – A resident individual (whose net income does not exceed Rs.5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,500, whichever is less

Leave a Reply

Your email address will not be published. Required fields are marked *