Income Tax Slab For Individual for Last 20 Years From AY 2001–2002 to AY 2024-2025
Income Tax Rates or Slabs for Last 25 Years i.e. assessment Year 2001-2002 to Assessment Year 2024-2025
Income Tax Rates / Slabs for AY 2001–02
| Slab (Rs) | Tax Rate (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% | Nil | Nil |
| 60,000 to 1, 50,000 | 1,000+(TI-60,000) * 20% | 12% | Nil |
| Greater than 1,50,000 | 19,000+(TI-1,50,000) * 30% | Nil | 17% |
Income Tax Rates / Slabs for A.Y. (2002–03)
| Slab (Rs) | Tax Rate (Rs) | Surcharge Total Income>Rs. 60,000 |
| Less than 50,000 | Nil | Nil |
| 50,000 to 60,000 | (TI-50,000) * 10% | Nil |
| 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 Rate (Rs) | Surcharge Total Income>Rs. 60,000 |
| Less than 50,000 | Nil | Nil |
| 50,000 to 60,000 | (TI-50,000) * 10% | Nil |
| 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 Rate (Rs) | Surcharge Total Income> Rs. 8,50,000 |
| Less than 50,000 | Nil | Nil |
| 50,000 to 60,000 | (TI-50,000) * 10% | Nil |
| 60,000 to 1, 50,000 | 1,000+(TI-60,000) * 20% | Nil |
| Greater than 1,50,000 | 19,000+(TI-1,50,000) * 30% | Nil |
| Greater than 8,50,000 | 2,29,000++(TI-8,50,000) * 30% | 10% |
Note: Education Cess has to be added on Income Tax + Surcharge @ 2%
Income Tax Rates / Slabs for A.Y. (2006–2007) and A.Y. (2007–2008)
| Tax Rate | Men | Woman | Senior Citizen |
| 0% | Upto 1,00,000 | Less than 1,35,000 | Less than 1,85,000 |
| 10% | 1,00,000 to 1,50,000 | 1,35,000 to 1,50,000 | — |
| 20% | 1,50,000 to 2,50,000 | 1,50,000 to 2,50,000 | 1,85,000 to 2,50,000 |
| 30% | Greater than 2,50,000 | Greater than 2,50,000 | Greater than 2,50,000 |
Note: 1) Surcharge @10% on income above Rs. 10,00,000
2) Senior Citizen above 65 Years
3)Education Cess has to be added on Income Tax @ 2%
Income Tax Rates / Slabs for A.Y. (2008–2009)
| Tax Rate | Men | Woman | Senior Citizen |
| 0% | Upto 1,10,000 | Less than 1,45,000 | Less than 1,95,000 |
| 10% | 1,10,000 to 1,50,000 | 1,45,000 to 1,50,000 | — |
| 20% | 1,50,000 to 2,50,000 | 1,50,000 to 2,50,000 | 1,95,000 to 2,50,000 |
| 30% | Greater than 2,50,000 | Greater than 2,50,000 | Greater than 2,50,000 |
Note: 1) Surcharge @10% on income above Rs. 10,00,000
2) Senior Citizen above 65 Years
3)Education Cess has to be added on Income Tax @ 3%
Income Tax Rates / Slabs for A.Y. (2009–2010)
| Tax Rate | Men | Woman | Senior Citizen |
| 0% | Upto 1,50,000 | Upto 1,80,000 | Upto 2,25,000 |
| 10% | 1,50,000 to 3,00,000 | 1,80,000 to 3,00,000 | 2,25,000 to 3,00,000 |
| 20% | 3,00,000 to 5,00,000 | 3,00,000 to 5,00,000 | 3,00,000 to 5,00,000 |
| 30% | Greater than 5,00,000 | Greater than 5,00,000 | Greater than 5,00,000 |
Note: 1) Surcharge @10% on income above Rs. 10,00,000
2) Senior Citizen above 65 Years
3)Education Cess has to be added on Income Tax @ 3%
Income Tax Rates / Slabs for A.Y. (2010–2011)
| Tax Rate | Men | Woman | Senior Citizen |
| 0% | Upto 1,60,000 | Upto 1,90,000 | Upto 2,40,000 |
| 10% | 1,60,000 to 3,00,000 | 1,90,000 to 3,00,000 | 2,40,000 to 3,00,000 |
| 20% | 3,00,000 to 5,00,000 | 3,00,000 to 5,00,000 | 3,00,000 to 5,00,000 |
| 30% | Greater than 5,00,000 | Greater than 5,00,000 | Greater than 5,00,000 |
Note: 1) Surcharge NIL
2) Senior Citizen above 65 Years
3)Education Cess has to be added on Income Tax @ 3%
Income Tax Rates / Slabs for A.Y. (2011–2012)
| Tax Rate | Men | Woman | Senior Citizen |
| 0% | Upto 1,60,000 | Upto 1,90,000 | Upto 2,40,000 |
| 10% | 1,60,000 to 5,00,000 | 1,90,000 to 5,00,000 | 2,40,000 to 5,00,000 |
| 20% | 5,00,000 to 8,00,000 | 5,00,000 to 8,00,000 | 5,00,000 to 8,00,000 |
| 30% | Greater than 8,00,000 | Greater than 8,00,000 | Greater than 8,00,000 |
Note: 1) Surcharge NIL
2) Senior Citizen above 65 Years
3)Education Cess has to be added on Income Tax @ 3%
Income Tax Rates / Slabs for A.Y. (2012–2013)
| Tax Rate | Men | Women | Senior Citizen Age =>60 and <80 | Super Senior Citizen Age above 80 years |
| 0.00% | Upto Rs. 1,80,000 | Up to Rs. 1,90,000 | Up to Rs. 2,50,000 | |
| 10.00% | 1,80,001 to 5,00,000 | 1,90,001 to 5,00,000 | 2,50,001 to 5,00,000 | |
| 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 |
| 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)
| Tax Rate | Men | Women | Senior Citizen Age | Super Senior Citizen Age equal or above 80 years |
| 0.00% | Upto Rs. 2,00,000 | Up to Rs. 2,00,000 | Up to Rs. 2,50,000 | |
| 10.00% | 2,00,001 to 5,00,000 | 2,00,001 to 5,00,000 | 2,50,001 to 5,00,000 | |
| 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 |
| 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
Income Tax Rates / Slabs for A.Y. (2014–2015)
| Tax Rate | Men | Women | Senior Citizen Age 60-80 Years | Super Senior Citizen Age equal or above 80 years |
| 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 |
| 10.00% | 2,00,001 to 5,00,000 | 2,00,001 to 5,00,000 | 2,50,001 to 5,00,000 | |
| 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 |
| 30.00% | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 |
Note :- 1) Surcharge is 10% if income crossed 1 Crore and 3% Cess will be charged on Income Tax + Surcharge Tax
2) Age of Senior Citizen is = 60 Years or more but less 80 years.
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)
| Tax Rate | Men | Women | Senior Citizen Age | Super Senior Citizen Age equal or above 80 years |
| 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 |
| 10.00% | 2,50,001 to 5,00,000 | 2,50,001 to 5,00,000 | 3,00,001 to 5,00,000 | |
| 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 |
| 30.00% | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 |
Note :- 1) Surcharge is 10% if income crossed 1 Crore and 3% Cess will be charged on Income Tax + Surcharge Tax
2) Age of Senior Citizen is = 60 Years or more but less 80 years.
3) 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)
| Tax Rate | Men | Women | Senior Citizen Age | Super Senior Citizen Age equal or above 80 years |
| 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 |
| 10.00% | 2,50,001 to 5,00,000 | 2,50,001 to 5,00,000 | 3,00,001 to 5,00,000 | |
| 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 |
| 30.00% | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 |
Note :- 1) Surcharge is 12% if income crossed 1 Crore and 3% Cess will be charged on Income Tax + Surcharge Tax
2) Age of Senior Citizen is = 60 Years or more but less 80 years.
3) 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)
| Tax Rate | Men | Women | Senior Citizen Age | Super Senior Citizen Age equal or above 80 years |
| 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 |
| 10.00% | 2,50,001 to 5,00,000 | 2,50,001 to 5,00,000 | 3,00,001 to 5,00,000 | |
| 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 |
| 30.00% | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 |
Note :- 1) Surcharge is 15% if income crossed 1 Crore and 3% Cess will be charged on Income Tax + Surcharge Tax
2) Age of Senior Citizen is = 60 Years or more but less 80 years.
3) 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 AY 2018–19
| Tax Rate | Men | Women | Senior Citizen | Super Senior Citizen Age equal or above 80 years |
| 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 |
| 5.00% | 2,50,001 to 5,00,000 | 2,50,001 to 5,00,000 | 3,00,001 to 5,00,000 | — |
| 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 |
| 30.00% | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 |
Note :- 1) 10% on Tax if Total Income above Rs. 50 Lacs but within Rs.1 crore. 15% if Total Income cross Rs. 1 Crore
2) 3% Cess will be charged on Above Tax and applicable surcharge
3) Age of Senior Citizen is = 60 Years or more but less 80 years.
4) Rebate under section 87A – A resident individual (whose net income does not exceed Rs.3,50,000) 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
Income Tax Rates / Slabs for AY 2019-20 & 2020-21
| Tax Rate | Men | Women | Senior Citizen | Super Senior Citizen Age equal or above 80 years |
| 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 |
| 5.00% | 2,50,001 to 5,00,000 | 2,50,001 to 5,00,000 | 3,00,001 to 5,00,000 | — |
| 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 |
| 30.00% | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 | Above 10,00,000 |
Note :- 1) 10% on Tax if Total Income above Rs. 50 Lacs but within Rs.1 crore. 15% if Total Income cross Rs. 1 Crore
2) 4% Cess will be charged on Above Tax and applicable surcharge
3) Age of Senior Citizen is = 60 Years or more but less 80 years.
4) Rebate under section 87A – A resident individual (whose net income does not exceed Rs.3,50,000) 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
Income Tax Rates / Slabs for AY 2021-22
Assessment year 2021-22 (for Old tax regime)
| Resident Super Senior Citizen | Resident Senior Citizen | Any other Individual | |
| Up to Rs. 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001- Rs. 3,00,000 | Nil | Nil | 5% |
| Rs. 3,00,001- Rs. 5,00,000 | Nil | 5% | 5% |
| Rs. 5,00,001- Rs. 10,00,000 | 20% | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% | 30% |
Alternative Tax Regime under section 115BAC (New tax regime)
| Total Income (Rs) | Rate |
| Upto 2,50,000 | Nil |
| From 2,50,001 to 5,00,000 | 5% |
| From 5,00,001 to 7,50,000 | 10% |
| From 7,50,001 to 10,00,000 | 15% |
| From 10,00,001 to 12,50,000 | 20% |
| From 12,50,001 to 15,00,000 | 25% |
| Above 15,00,000 | 30% |
Surcharge on income-tax:
- 10 per cent of income-tax if taxable income exceeds Rs. 50 lakh but does not exceed Rs. 1 crore or
- 15 per cent of income-tax if taxable income exceeds Rs. 1 crore but does not exceed Rs. 2 crore or
- 25 per cent of income-tax if taxable income exceeds Rs. 2 crore but does not exceed Rs. 5 crore or
- 37 per cent of income-tax if taxable income exceeds Rs. 5 crore (surcharge is payable whether taxpayer is resident or non-resident).
However, the maximum rate of surcharge on tax payable on capital gain as referred to in section 111A, and section 112A shall be 15%.
Health and education cess: 4% of income-tax and surcharge.
Income Tax Rates / Slabs for AY 2022-23
Assessment year 2022-23 (for Old tax regime)
| Net income range | Resident Super Senior Citizen | Resident Senior Citizen | Any other Individual |
| Up to Rs. 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001- Rs. 3,00,000 | Nil | Nil | 5% |
| Rs. 3,00,001- Rs. 5,00,000 | Nil | 5% | 5% |
| Rs. 5,00,001- Rs. 10,00,000 | 20% | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% | 30% |
Alternative Tax Regime under section 115BAC (New tax regime)
| Total Income (Rs) | Rate |
| Upto 2,50,000 | Nil |
| From 2,50,001 to 5,00,000 | 5% |
| From 5,00,001 to 7,50,000 | 10% |
| From 7,50,001 to 10,00,000 | 15% |
| From 10,00,001 to 12,50,000 | 20% |
| From 12,50,001 to 15,00,000 | 25% |
| Above 15,00,000 | 30% |
Surcharge on income-tax:
- 10 per cent of income-tax if taxable income exceeds Rs. 50 lakh but does not exceed Rs. 1 crore or
- 15 per cent of income-tax if taxable income exceeds Rs. 1 crore but does not exceed Rs. 2 crore or
- 25 per cent of income-tax if taxable income exceeds Rs. 2 crore but does not exceed Rs. 5 crore or
- 37 per cent of income-tax if taxable income exceeds Rs. 5 crore (surcharge is payable whether taxpayer is resident or non-resident).
However, the maximum rate of surcharge on tax payable on dividend income or capital gains referred to in Section 111A, and Section 112A shall be 15%.
Health and education cess : 4% of income-tax and surcharge.
Income Tax Rates / Slabs for AY 2023-24
Assessment year 2023-24 (for Old tax regime)
| Net income range | Resident Super Senior Citizen | Resident Senior Citizen | Any other Individual |
| Up to Rs. 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001- Rs. 3,00,000 | Nil | Nil | 5% |
| Rs. 3,00,001- Rs. 5,00,000 | Nil | 5% | 5% |
| Rs. 5,00,001- Rs. 10,00,000 | 20% | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% | 30% |
Alternative Tax Regime under section 115BAC (New tax regime)
| Total Income (Rs) | Rate |
| Upto 2,50,000 | Nil |
| From 2,50,001 to 5,00,000 | 5% |
| From 5,00,001 to 7,50,000 | 10% |
| From 7,50,001 to 10,00,000 | 15% |
| From 10,00,001 to 12,50,000 | 20% |
| From 12,50,001 to 15,00,000 | 25% |
| Above 15,00,000 | 30% |
Surcharge on income-tax:
- 10 per cent of income-tax if taxable income exceeds Rs. 50 lakh but does not exceed Rs. 1 crore or
- 15 per cent of income-tax if taxable income exceeds Rs. 1 crore but does not exceed Rs. 2 crore or
- 25 per cent of income-tax if taxable income exceeds Rs. 2 crore but does not exceed Rs. 5 crore or
- 37 per cent of income-tax if taxable income exceeds Rs. 5 crore (surcharge is payable whether taxpayer is resident or non-resident).
However, The maximum rate of surcharge on tax payable on dividend income or capital gain referred to in Section 111A, Section 112, or Section 112A shall be 15%.
Health and education cess : 4% of income-tax and surcharge.
Income Tax Rates / Slabs for AY 2024-25
Alternative Tax Regime under section 115BAC (Default tax regime for taxpayers)
| Total Income (Rs) | Rate |
| Upto 3,00,000 | Nil |
| From 3,00,000 to 6,00,000 | 5% |
| From 6,00,001 to 9,00,000 | 10% |
| From 9,00,001 to 12,00,000 | 15% |
| From 12,00,001 to 15,00,000 | 20% |
| Above 15,00,000 | 30% |
Old tax regime can be opted
| Net income range | Resident Super Senior Citizen | Resident Senior Citizen | Any other Individual |
| Up to Rs. 2,50,000 | Nil | Nil | Nil |
| Rs. 2,50,001- Rs. 3,00,000 | Nil | Nil | 5% |
| Rs. 3,00,001- Rs. 5,00,000 | Nil | 5% | 5% |
| Rs. 5,00,001- Rs. 10,00,000 | 20% | 20% | 20% |
| Above Rs. 10,00,000 | 30% | 30% | 30% |
Surcharge on income-tax:
- 10 per cent of income-tax if taxable income exceeds Rs. 50 lakh but does not exceed Rs. 1 crore or
- 15 per cent of income-tax if taxable income exceeds Rs. 1 crore but does not exceed Rs. 2 crore or
- 25 per cent of income-tax if taxable income exceeds Rs. 2 crore but does not exceed Rs. 5 crore or
- 37 per cent of income-tax if taxable income exceeds Rs. 5 crore (surcharge is payable whether taxpayer is resident or non-resident).
However, the maximum rate of surcharge of 37% is not applicable if the taxpayer opts to pay tax under section 115BAC. Further, the maximum rate of surcharge on tax payable on dividend income or capital gain referred to in Section 111A, Section 112, or Section 112A shall be 15%.
Health and education cess : 4% of income-tax and surcharge.
LAST 20 YEARS I TAX SLAB