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Wednesday, February 15, 2012

Last Ten Years Income Tax Slab Rates

Income Tax Rates Slabs
 

Some people have a lots of confusion in mind about income tax rates/slabs like which income tax slab applicable to this assessment year, financial year etc. Majority of peoples are confused to applicable income tax rates/slabs on particular assessment year. So this is the static page of income tax slab/rates applicable in India for last 10 years.

Income Tax Rates / Slabs in India as per Assessment Year (A.Y)


Income Tax Rates/Slabs for A.Y. (2012-13)

Men
Slab (Rs.)Tax (Rs.)
less than 1,80,000Nil
1,80,000 to 5,00,000(TI – 1,80,000) * 10%
5,00,000 to 8,00,00032,000 + (TI – 5,00,000) * 20%
Greater than 8,00,00092,000 + (TI – 8,00,000) * 30%


Women 
Slab (Rs.)Tax (Rs.)
less than 1,90,000Nil
1,90,000 to 5,00,000(TI – 1,90,000) * 10%
5,00,000 to 8,00,00031,000 + (TI – 5,00,000) * 20%
Greater than 8,00,00091,000 + (TI – 8,00,000) * 30%


Senior Citizens
Slab (Rs.)Tax (Rs.)
less than 2,40,000Nil
2,40,000 to 5,00,000(TI – 2,40,000) * 10%
5,00,000 to 8,00,00026,000 + (TI – 5,00,000) * 20%
Greater than 8,00,00086,000 + (TI – 8,00,000) * 30%


Income Tax Rates/Slabs for A.Y. (2011-12)

Men
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
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 
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%
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