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.