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Income Tax (IT) Slabs / Brackets and rates

This article gives you the details of the most recent, currently applicable income tax slabs / brackets and the applicable income tax rates. The slabs for women and senior citizens are also covered.

The article also covers some historic slabs and tax rates.

 

One of the most basic queries that I always get is: What are the applicable IT slab rates for the current year?

Well, knowing the IT brackets and the income tax rates for each is one of the most important steps in calculating your income tax liability.

So, let’s find out what these are for this year.

(Ready to file your income tax return, but confused which form to use? Please read “Income Tax (IT) Return Filing – Which ITR form to use?“)

 

Income tax (IT) slabs / brackets for Financial Year 2012-13, Assessment Year 2013-14

Rate Income
Men and Women
Senior
Citizens
(Age 60-80 years)
Very Senior
Citizens
(Age above 80 years)
0% Less than
2,00,000
Less than
2,50,000
Less than
5,00,000
10% 2,00,001
to 5,00,000
2,50,001
to 5,00,000
NA
20% 5,00,001
to 10,00,000
5,00,001
to 10,00,000
5,00,001
to 10,00,000
30% 10,00,001
and above
10,00,001
and above
10,00,001
and above

 

Notes:

An education cess of 3% is applicable on income tax payable for every income tax assessee.

(Ready to file your income tax return, but confused which form to use? Please read “Income Tax (IT) Return Filing – Which ITR form to use?“)

Confused about filling the income tax return form – ITR? Want step by step guidance, and a video tutorial? Please read:

 

Income tax (IT) slabs / brackets for Financial Year 2011-12, Assessment Year 2012-13

Rate Income
Men Women Senior
Citizens
(Age 60-80 years)
Very Senior
Citizens
(Age above 80 years)
0% Less than
1,80,000
Less than
1,90,000
Less than
2,50,000
Less than
5,00,000
10% 1,80,001
to 5,00,000
1,90,001
to 5,00,000
2,50,001
to 5,00,000
NA
20% 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% 8,00,001
and above
8,00,001
and above
8,00,001
and above
8,00,001
and above

 

Notes:

An education cess of 3% is applicable on income tax payable for every income tax assessee.

(Ready to file your income tax return, but confused which form to use? Please read “Income Tax (IT) Return Filing – Which ITR form to use?“)

Confused about filling the income tax return form – ITR? Want step by step guidance, and a video tutorial? Please read:

Income tax (IT) slabs / brackets for Financial Year 2010-11, Assessment Year 2011-12

Rate Income
Men Women Senior
Citizens
0% Less than
1,60,000
Less than
1,90,000
Less than
2,40,000
10% 1,60,001
to 5,00,000
1,90,001
to 5,00,000
2,40,001
to 5,00,000
20% 5,00,001
to 8,00,000
5,00,001
to 8,00,000
5,00,001
to 8,00,000
30% 8,00,001
and above
8,00,001
and above
8,00,001
and above

Notes:

An education cess of 3% is applicable on income tax payable for every income tax assessee.

(Ready to file your income tax return, but confused which form to use? Please read “Income Tax (IT) Return Filing – Which ITR form to use?“)

Confused about filling the income tax return form – ITR? Want step by step guidance, and a video tutorial? Please read:

(Want to know the changes in income tax slabs / brackets in budget 2010-11? Please read “Budget 2010-2011: More money for you due to Income Tax slab / bracket changes“)

Income tax (IT) slabs / brackets for Financial Year 2009-10, Assessment Year 2010-11

Rate Income
Men Women Senior
Citizens
0% Less than
1,60,000
Less than
1,90,000
Less than
2,40,000
10% 1,60,001
to 3,00,000
1,90,001
to 3,00,000
2,40,001
to 3,00,000
20% 3,00,001
to 5,00,000
3,00,001
to 5,00,000
3,00,001
to 5,00,000
30% 5,00,001
and above
5,00,001
and above
5,00,001
and above

Notes:

An education cess of 3% is applicable on income tax payable for every income tax assessee.

(Ready to file your income tax return, but confused which form to use? Please read “Income Tax (IT) Return Filing – Which ITR form to use?“)

Confused about filling the income tax return form – ITR? Want step by step guidance, and a video tutorial? Please read:

(Want to know what changes budget 2009 has brought about? Please read “Budget 2009-2010: Personal income tax (IT) related changes and impact on you“)

Income tax (IT) slabs / brackets for Financial Year 2008-09, Assessment Year 2009-10

Rate Income
Men Women Senior
Citizens
0% Less than
1,50,000
Less than
1,80,000
Less than
2,25,000
10% 1,50,001
to 3,00,000
1,80,001
to 3,00,000
2,25,001
to 3,00,000
20% 3,00,001
to 5,00,000
3,00,001
to 5,00,000
3,00,001
to 5,00,000
30% 5,00,001
and above
5,00,001
and above
5,00,001
and above

Notes:

A surcharge of 10% of your total income tax liability is applicable if your total income is more than Rs 10,00,000.

An education cess of 3% is applicable on income tax (inclusive of surcharge if there is any) for every income tax assessee.

(Ready to file your income tax return, but confused which form to use? Please read “Income Tax (IT) Return Filing – Which ITR form to use?“)

Confused about filling the income tax return form – ITR? Want step by step guidance, and a video tutorial? Please read:

(Want to know how much tax you are saving due to these new IT slabs? Please read “Budget 2008 – Impact of Income Tax Slab / Bracket Changes on You“)

Income tax (IT) slabs / brackets for Financial Year 2007-08, Assessment Year 2008-09

Rate Income
Men Women Senior
Citizens
0% Less than
1,10,000
Less than
1,45,000
Less than
1,95,000
10% 1,10,001
to 1,50,000
1,45,001
to 1,50,000
NA
20% 1,50,001
to 2,50,000
1,50,001
to 2,50,000
1,95,001
to 2,50,000
30% 2,50,001
and above
2,50,001
and above
2,50,001
and above

 

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