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Income Tax Rates Slabs From A.Y 2001-02 to A.Y 2013-14


(Guest)

 

 

Income Tax Slab for Financial Year 2012-13

Assessment Year 2013-14

 

Tax

Man

Women

Senior Citizen

 

 

Rate

(In Rupees)

(In Rupees)

(In Rupees)

 

1

0.00%

Upto 2,00,000

Upto 2,00,000

Upto 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

 

4

30.00%

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

 

 Above Tax Slab will be applicable w.e.f. 01.04.2012

 

Income Tax Slab for Financial Year 2011-12

Assessment Year 2012-13

 

Tax

Man

Women

Senior Citizen

Senior Citizen

 

 

 

 

Age =>60 and < 80

Age => 80

 

Rate

(In Rupees)

(In Rupees)

(In Rupees)

(In Rupees)

1

0.00%

Upto 1,80,000

Upto 1,90,000

Upto 2,50,000

Upto 5,00,000

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

Income Tax Slab for Financial Year 2011-12

Assessment Year 2012-13

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. (2011-12)

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 – 8,00,000) * 30%

Women aged 65 years or 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. (2010-11)

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 or 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. (2009-10)

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 or 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. (2008-09)

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax

 

(if TI > Rs. 10 Lakhs)

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 or less

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax (if

 

TI > Rs. 10 Lakhs) (Rs.)

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 on Income Tax (if

 

TI > Rs. 10 Lakhs) (Rs.)

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 and Surcharge  @ 2% from AY 2004-05 and 3% from AY 2007-08

Income Tax Rates/Slabs for A.Y. (2006-07 & 2007-08)

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax

 

(if TI > Rs. 10 Lakhs)

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 or less

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax (if

 

TI > Rs. 10 Lakhs) (Rs.)

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 on Income Tax (if

 

TI > Rs. 10 Lakhs) (Rs.)

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. (2004-05 & 2005-06)

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax

 

(If TI > Rs.8.50 Lakhs) (Rs.)

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. (2003-04)

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax

 

(If TI > Rs. 60,000) (Rs.)

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. (2002-03)

Slab (Rs.) Tax (Rs.) Surcharge on Income Tax

 

(If TI > 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. (2001-02)

Slab (Rs.) Tax (Rs.) Surcharge

 

TI > 60,000

Surcharge

 

TI > 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%

 38 Replies

Sravanthi (CA Final ICWA Final & M.B.A)   (737 Points)
Replied 01 March 2011

Thanks for Sharing


(Guest)

thanks for sharing good info.........

siri (CFO) (174 Points)
Replied 26 March 2011


(Guest)

thanx for sharing...

Rajesh (Accountant) (31 Points)
Replied 29 August 2011

very informative.

Mihir (Wealth Manager) (5288 Points)
Replied 29 August 2011

Very good, thanks

vijay meel (M/S KDK SOFTWARE (I) PVT LTD)   (180 Points)
Replied 23 February 2012

NICE WORKING

Purushottam Deshmukh (Officer - Costing) (24 Points)
Replied 03 March 2012

Thanks for Sharing Such Updated & Valuable Information.. :) - Cma Purushottam Deshmukh

SRIKRISHNA A (MANAGER FINANCE) (21 Points)
Replied 02 May 2012

256555

 

Rincy Devassy (Software Engineer) (41 Points)
Replied 02 May 2012

Thanks for sharing, very informative
1 Like

Maneesh Kumar (B.Com M.Com STUDENT CWA IPCC)   (507 Points)
Replied 16 May 2012

thanks for this.

1 Like

Rakesh N R Gupta (Economics graduate) (27 Points)
Replied 19 May 2012

Great job! Can someone also provide the source? So that I can quote the same for my research paper.. Thanks!

1 Like

CA Rajiv Kumar Pandey (Salried) (34 Points)
Replied 22 May 2012

THE AGE OF SENIOR CITIZON IS 60 YEARS AND NOT 65 YEARS FOR A/YEAR 2013-14...AS PER UNION BUDGET 2012  MENTIONED IN MEMORANDUM TO BUDGET2012

1 Like

Srigopal Bhattad (SUPERVISOR AGENT) (32 Points)
Replied 27 May 2012

very nice post.. all information in a go

1 Like

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