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Income Tax Slabs

Following are the Income Tax Slabs (Rates) for the past 10 years:

Indian Income Tax Slab Rates – Updates
         
For Assessment Year 2013-14
Tax Rate Men Women Senior Citizen Very Senior Citizen
Basic Exemption 200000 200000 250000 500000
10% tax 200001 to 500000 200001 to 500000 250001 to 500000 -
20% tax 500001 to 1000000 500001 to 1000000 500001 to 1000000 500001 to 1000000
30% tax above 1000000 above 1000000 above 1000000 above 1000000
         
For Assessment Year 2012-13
Tax Rate Men Women Senior Citizen Very Senior Citizen
Basic Exemption 180000 190000 250000  500000
10% tax 180001 to 500000 190001 to 500000 250001 to 500000  -
20% tax 500001 to 800000 500001 to 800000 500001 to 800000 500001 to 800000
30% tax above 800000 above 800000 above 800000 above 800000
         
For Assessment Year 2011-12  
Tax Rate Men Women Senior Citizen  
Basic Exemption 160000 190000 240000  
10% tax 160001 to 500000 190001 to 500000 240001 to 500000  
20% tax 500001 to 800000 500001 to 800000 500001 to 800000  
30% tax above 800000 above 800000 above 800000  
         
For Assessment Year 2010-11  
Tax Rate Men Women Senior Citizen  
Basic Exemption 160000 190000 240000  
10% tax 160001 to 300000 190001 to 300000 240001 to 300000  
20% tax 300001 to 500000 300001 to 500000 300001 to 500000  
30% tax above 500000 above 500000 above 500000  
         
For Assessment Year 2009-10  
Tax Rate Men Women Senior Citizen  
Basic Exemption 150000 180000 225000  
10% tax 150001 to 300000 180001 to 300000 225001 to 300000  
20% tax 300001 to 500000 300001 to 500000 300001 to 500000  
30% tax above 500000 above 500000 above 500000  
         
For Assessment Year 2008-09  
Tax Rate Men Women Senior Citizen  
Basic Exemption 110000 145000 195000  
10% tax 110001 to 150000 145001 to 150000 -  
20% tax 150001 to 250000 150001 to 250000 195001 to 250000  
30% tax above 250000 above 250000 above 250000  
         
For Assessment Year 2007-08  
Tax Rate Men Women Senior Citizen  
Basic Exemption 100000 135000 185000  
10% tax 100001 to 150000 135001 to 150000 -  
20% tax 150001 to 250000 150001 to 250000 185001 to 250000  
30% tax above 250000 above 250000 above 250000  
         
For Assessment Year 2006-2007  
Tax Rate Men Women Senior Citizen  
Basic Exemption 100000 135000 185000  
10% tax 100001 to 150000 135001 to 150000 -  
20% tax 150001 to 250000 150001 to 250000 185001 to 250000  
30% tax above 250000 above 250000 above 250000  
         
For Assessment Year 2005-06  
Tax Rate Men Women Senior Citizen  
Basic Exemption 50000 50000  50000  
10% tax 50001 to 60000 50001 to 60000  50001 to 60000  
20% tax 60001 to 150000 60001 to 150000  60001 to 150000  
30% tax above 150000 above 150000  above 150000  
         
For Assessment Year 2004-2005  
Tax Rate Men Women Senior Citizen  
Basic Exemption 50000 50000  50000  
10% tax 50001 to 60000 50001 to 60000  50001 to 60000  
20% tax 60001 to 150000 60001 to 150000  60001 to 150000  
30% tax above 150000 above 150000  above 150000  
         
For Assessment Year 2003-04  
Tax Rate Men Women Senior Citizen  
Basic Exemption 50000 50000  50000  
10% tax 50001 to 60000 50001 to 60000  50001 to 60000  
20% tax 60001 to 150000 60001 to 150000  60001 to 150000  
30% tax above 150000 above 150000  above 150000  
         
For Assessment Year 2002-03  
Tax Rate Men Women Senior Citizen  
Basic Exemption 50000 50000  50000  
10% tax 50001 to 60000 50001 to 60000  50001 to 60000  
20% tax 60001 to 150000 60001 to 150000  60001 to 150000  
30% tax above 150000 above 150000 above 150000  
         
For Assessment Year 2001-02  
Tax Rate Men Women Senior Citizen  
Basic Exemption 50000 50000  50000  
10% tax 50001 to 60000 50001 to 60000  50001 to 60000  
20% tax 60001 to 150000 60001 to 150000  60001 to 150000  
30% tax above 150000 above 150000  above 150000  
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