Changes in Income Tax Slabs for Individuals over Last Five Assessment Years

Sai Tharun Boppana 
on 01 November 2012

(AY 2009-10 to AY 2013-14)

 

I. Individuals other than those specified in II, III, IV below

 

Slab Details

Rate

2013-14

2012-13

2011-12

2010-11

2009-10

Basic Exemption Limit

Nil

2,00,000

1,80,000

1,60,000

1,60,000

1,50,000

First Slab

10%

5,00,000

5,00,000

5,00,000

3,00,000

3,00,000

Second Slab

20%

10,00,000

8,00,000

8,00,000

5,00,000

5,00,000

Third Slab

30%

Nil

Nil

Nil

Nil

Nil

 

II. Resident Women Assessee other than senior or super senior citizen.

 

 

Slab Details

Rate

2013-14

2012-13

2011-12

2010-11

2009-10

Basic Exemption Limit

Nil

NA

1,90,000

1,90,000

1,60,000

1,80,000

First Slab

10%

NA

5,00,000

5,00,000

3,00,000

3,00,000

Second Slab

20%

NA

8,00,000

8,00,000

5,00,000

5,00,000

Third Slab

30%

NA

Nil

Nil

Nil

Nil

 

There is no category of Resident Women Assesse for AY 2013-14.

 

III. Resident Senior Citizen

 

Slab Details

Rate

2013-14

2012-13

2011-12

2010-11

2009-10

Basic Exemption Limit

Nil

2,50,000

2,50,000

2,40,000

2,40,000

2,25,000

First Slab

10%

5,00,000

5,00,000

5,00,000

3,00,000

3,00,000

Second Slab

20%

10,00,000

8,00,000

8,00,000

5,00,000

5,00,000

Third Slab

30%

Nil

Nil

Nil

Nil

Nil

 

The age limit for senior citizen was decreased from 65 to 60 years w.e.f. AY 2012-13

 

IV. Resident Super Senior Citizen

 

Slab Details

Rate

2013-14

2012-13

2011-12

2010-11

2009-10

Basic Exemption Limit

Nil

5,00,000

5,00,000

NA

NA

NA

First Slab

20%

10,00,000

8,00,000

NA

NA

NA

Second Slab

30%

Nil

Nil

NA

NA

NA

 

The category super senior citizen is applicable w.e.f. AY 2012-13.

 

Additional Considerations:

 

a. In addition to income tax, 2% of Educational Cess and 1% of Secondary Higher Educational cess is also payable on income tax calculated (Rounded off to nearest tens).

 

b. There used to be Surcharge of 10% on income tax calculated up to AY 2009-10. It is no longer applicable.

 

c. The categories of Women, Senior and Super Senior citizens are only applicable for Residents. Hence, All the non residents will fall under category I above.

 

Calculation Procedure:

 

Slab means the income for which the particular rate is applicable.

 

The calculation is as follows:

 

For example, if the income of individual is Rs. 6,50,000/-.

 

Calculation

Rate

Income

Tax

Basic Exemption

 

    200,000

            -  

First Slab

10%

    300,000

    30,000

Second Slab

20%

    150,000

    30,000

Third Slab

30%

             -  

            -  

   

    650,000

    60,000

 

Published in Income Tax
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