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April 16, 2020

Know Income Tax Slab Rate Since Independence FY 1947-48 till FY 2020-21. Highest rate 85% in 1970-74

The data gives Individual and HUF Income Tax slab rates from FY 2020-21 to FY 1947-48

Income Slab rates For Financial Year 2020-21 Assessment Year 2021-22 (New Rates)

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 7,50,00010%10%15%4%
4Rs. 7,50,000 to Rs.10,00,00015%10%15%4%
5Rs.10,00,000 to Rs. 12,50,00020%10%15%4%
6Rs. 12,50,000 to Rs.15,00,00025%10%15%4%
7Greater than Rs.15,00,00030%10%15%4%

Which Slab Rate to Choose FY 2020-21 Old or New? Know Opt in Opt out rules for salaried & business, deduction not allowed section 115BAC

Income Slab rates For Financial Year 2019-20 Assessment Year 2020-21

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 10,00,00020%10%15%4%
4Greater than Rs.10,00,00030%10%15%4%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 10,00,00020%10%15%4%
4Greater than Rs.10,00,00030%10%15%4%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax (Rs.)Surcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.3,00,000NilNilNilNil
2Rs.3,00,000to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 10,00,00020%10%15%4%
4Greater than Rs.10,00,00030%10%15%4%

Income Slab rates For Financial Year 2018-19 Assessment Year 2019-20

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 10,00,00020%10%15%4%
4Greater than Rs.10,00,00030%10%15%4%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 10,00,00020%10%15%4%
4Greater than Rs.10,00,00030%10%15%4%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 50,00,000Surcharge Total Income> Rs 100,00,000Health and Education cess
1Less than Rs.3,00,000NilNilNilNil
2Rs.3,00,000to Rs.5,00,0005%10%15%4%
3Rs.5,00,000 to Rs. 10,00,00020%10%15%4%
4Greater than Rs.10,00,00030%10%15%4%

Income Slab rates For Financial Year 2017-18 Assessment Year 2018-19

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Surcharge Total Income> Rs 10,00,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%2%5%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%2%5%2%1%
4Greater than Rs.10,00,00030%2%5%2%1%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Surcharge Total Income> Rs 10,00,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNilNilNil
2Rs.2,50,000 to Rs.5,00,0005%2%5%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%2%5%2%1%
4Greater than Rs.10,00,00030%2%5%2%1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Surcharge Total Income> Rs 10,00,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.3,00,000NilNilNilNilNil
2Rs.3,00,000to Rs.5,00,0005%2%5%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%2%5%2%1%
4Greater than Rs.10,00,00030%2%5%2%1%

Income Slab rates For Financial Year 2016-17 Assessment Year 2017-18

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,00010%15%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%15%2%1%
4Greater than Rs.10,00,00030%15%2%1%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,00010%15%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%15%2%1%
4Greater than Rs.10,00,00030%15%2%1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.3,00,000NilNilNilNil
2Rs.3,00,000to Rs.5,00,00010%15%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%15%2%1%
4Greater than Rs.10,00,00030%15%2%1%

Income Slab rates For Financial Year 2015-16 Assessment Year 2016-17

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,00010%12%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%12%2%1%
4Greater than Rs.10,00,00030%12%2%1%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNilNil
2Rs.2,50,000 to Rs.5,00,00010%12%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%12%2%1%
4Greater than Rs.10,00,00030%12%2%1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cessSecondary and Higher Education Cess
1Less than Rs.3,00,000NilNilNilNil
2Rs.3,00,000to Rs.5,00,00010%12%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%12%2%1%
4Greater than Rs.10,00,00030%12%2%1%

Income Slab rates For Financial Year 2014-15 Assessment Year 2015-16

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.2,50,000NilNilNil
2Rs.2,50,000 to Rs.5,00,00010%10%3%
3Rs.5,00,000 to Rs. 10,00,00020%10%3%
4Greater than Rs.10,00,00030%10%3%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.2,50,000NilNilNil
2Rs.2,50,000 to Rs.5,00,00010%10%3%
3Rs.5,00,000 to Rs. 10,00,00020%10%3%
4Greater than Rs.10,00,00030%10%3%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.3,00,000NilNilNil
2Rs.3,00,000to Rs.5,00,00010%10%3%
3Rs.5,00,000 to Rs. 10,00,00020%10%3%
4Greater than Rs.10,00,00030%10%3%

Income Slab rates For Financial Year 2013-14 Assessment Year 2014-15

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.2,00,000NilNilNil
2Rs.2,00,000 to Rs.5,00,00010%10%3%
3Rs.5,00,000 to Rs. 10,00,00020%10%3%
4Greater than Rs.10,00,00030%10%3%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.2,00,000NilNilNil
2Rs.2,00,000 to Rs.5,00,00010%10%3%
3Rs.5,00,000 to Rs. 10,00,00020%10%3%
4Greater than Rs.10,00,00030%10%3%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.2,50,000NilNilNil
2Rs.2,50,000to Rs.5,00,00010%10%3%
3Rs.5,00,000 to Rs. 10,00,00020%10%3%
4Greater than Rs.10,00,00030%10%3%

Income Slab rates For Financial Year 2012-13 Assessment Year 2013-14

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateEducation cessSecondary and Higher Education Cess
1Less than Rs.2,00,000NilNilNil
2Rs.2,00,000 to Rs.5,00,00010%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%2%1%
4Greater than Rs.10,00,00030%2%1%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateEducation cessSecondary and Higher Education Cess
1Less than Rs.2,00,000NilNilNil
2Rs.2,00,000 to Rs.5,00,00010%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%2%1%
4Greater than Rs.10,00,00030%2%1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateEducation cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNil
2Rs.2,50,000to Rs.5,00,00010%2%1%
3Rs.5,00,000 to Rs. 10,00,00020%2%1%
4Greater than Rs.10,00,00030%2%1%

Income Slab rates For Financial Year 2011-12 Assessment Year 2012-13

Tax Slab for men up to 60 years of age.

Sr. No.Income Tax SlabTax RateEducation cessSecondary and Higher Education Cess
1Less than Rs.1,80,000NilNilNil
2Rs.1,80,000to Rs.5,00,00010%2%1%
3Rs.5,00,000 to Rs. 8,00,00020%2%1%
4Greater than Rs.8,00,00030%2%1%

Tax slab for Women up to 60 years of age

Sr. No.Income Tax SlabTax RateEducation cessSecondary and Higher Education Cess
1Less than Rs.1,92,000NilNilNil
2Rs.1,92,000 to Rs.5,00,00010%2%1%
3Rs.5,00,000 to Rs. 8,00,00020%2%1%
4Greater than Rs.8,00,00030%2%1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.Income Tax SlabTax RateEducation cessSecondary and Higher Education Cess
1Less than Rs.2,50,000NilNilNil
2Rs.2,50,000to Rs.5,00,00010%2%1%
3Rs.5,00,000 to Rs. 8,00,00020%2%1%
4Greater than Rs.8,00,00030%2%1%

Income Slab rates For Financial Year 2010-11 Assessment Year 2011-12

Tax Slab for men up to 65 years of age.

Sr. No.Income Tax SlabTax RateEducation cess
1Less than Rs.1,60,000NilNil
2Rs.1,60,000to Rs.5,00,00010%3%
3Rs.5,00,000 to Rs. 8,00,00020%3%
4Greater than Rs.8,00,00030%3%

Tax slab for Women up to 65 years of age

Sr. No.Income Tax SlabTax RateEducation cess
1Less than Rs.1,90,000NilNil
2Rs.1,90,000 to Rs.5,00,00010%3%
3Rs.5,00,000 to Rs. 8,00,00020%3%
4Greater than Rs.8,00,00030%3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.Income Tax SlabTax RateEducation cess
1Less than Rs.2,40,000NilNil
2Rs.2,40,000to Rs.5,00,00010%3%
3Rs.5,00,000 to Rs. 8,00,00020%3%
4Greater than Rs.8,00,00030%3%

Income Slab rates For Financial Year 2009-10 Assessment Year 2010-11

Tax Slab for men up to 65 years of age.

Sr. No.Income Tax SlabTax RateEducation cess
1Less than Rs.1,60,000NilNil
2Rs.1,60,000to Rs.3,00,00010%3%
3Rs.3,00,000 to Rs. 5,00,00020%3%
4Greater than Rs.5,00,00030%3%

Tax slab for Women up to 65 years of age

Sr. No.Income Tax SlabTax RateEducation cess
1Less than Rs.1,90,000NilNil
2Rs.1,90,000 to Rs.3,00,00010%3%
3Rs.3,00,000 to Rs. 5,00,00020%3%
4Greater than Rs.5,00,00030%3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.Income Tax SlabTax RateEducation cess
1Less than Rs.2,40,000NilNil
2Rs.2,40,000to Rs.3,00,00010%3%
3Rs.5,00,000 to Rs. 5,00,00020%3%
4Greater than Rs.5,00,00030%3%

Income Slab rates For Financial Year 2008-09 Assessment Year 2009-10

Tax Slab for men up to 65 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.1,50,000NilNilNil
2Rs.1,50,000to Rs.3,00,00010%10%3%
3Rs.3,00,000 to Rs. 5,00,00020%10%3%
4Greater than Rs.5,00,00030%10%3%

Tax slab for Women up to 65 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.1,80,000NilNilNil
2Rs.1,80,000 to Rs.3,00,00010%10%3%
3Rs.3,00,000 to Rs. 5,00,00020%10%3%
4Greater than Rs.5,00,00030%10%3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 100,00,000Education cess
1Less than Rs.2,25,000NilNilNil
2Rs.2,25,000to Rs.3,00,00010%10%3%
3Rs.3,00,000 to Rs. 5,00,00020%10%3%
4Greater than Rs.5,00,00030%10%3%

Income Slab rates For Financial Year 2007-08 Assessment Year 2008-09

Tax Slab for men up to 65 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 10,00,000Education cess
1Less than Rs.1,10,000NilNilNil
2Rs.1,10,000to Rs.1,50,00010%10%3%
3Rs.1,50,000 to Rs. 2,50,00020%10%3%
4Greater than Rs.2,50,00030%10%3%

Tax slab for Women up to 65 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 10,00,000Education  cess
1Less than Rs.1,45,000NilNilNil
2Rs.1,45,000 to Rs.1,50,00010%10%3%
3Rs.1,50,000 to Rs. 2,50,00020%10%3%
4Greater than Rs.2,50,00030%10%3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 10,00,000Education cess
1Less than Rs.1,95,000NilNilNil
2Rs.1,95,000 to Rs.2,50,00020%10%3%
3Greater than Rs.2,50,00030%10%3%
   3%

Income Slab rates For Financial Year 2005-06 Assessment Year 2006-07 & Financial Year 2006-07 Assessment Year 2007-08

Tax Slab for men up to 65 years of age.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 10,00,000Education cess
1Less than Rs.1,00,000NilNilNil
2Rs.1,00,000to Rs.1,50,00010%10%2%
3Rs.1,50,000 to Rs. 2,50,00020%10%2%
4Greater than Rs.2,50,00030%10%2%

Tax slab for Women up to 65 years of age

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 10,00,000Education cess
1Less than Rs.1,35,000NilNilNil
2Rs.1,35,000 to Rs.1,50,00010%10%2%
3Rs.1,50,000 to Rs. 2,50,00020%10%2%
4Greater than Rs.2,50,00030%10%2%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 10,00,000Education cess
1Less than Rs.1,85,000NilNilNil
2Rs.1,85,000 to Rs.2,50,00020%10%2%
3Greater than Rs.2,50,00030%10%2%

Income Slab rates For Financial Year 2004-05 Assessment Year 2005-06

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 8,50,000Education cess
1Less than Rs.50,000NilNilNil
2Rs.50,000to Rs.60,00010%10%2%
3Rs.60,000 to Rs. 1,50,00020%10%2%
4Greater than Rs.1,50,00030%10%2%

Income Slab rates For Financial Year 2003-04 Assessment Year 2004-05

Sr. No.Income Tax SlabTaxSurcharge Total Income> Rs. 8,50,000Education cess
1Less than Rs.50,000NilNilNil
2Rs.50,000to Rs.60,00010%10%2%
3Rs.60,000 to Rs. 1,50,00020%10%2%
4Greater than Rs.1,50,00030%10%2%

Income Slab rates For Financial Year 2002-03 Assessment Year 2003-04

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs. 1,50,000
1Less than Rs.50,000NilNil
2Rs.50,000to Rs.60,00010%5%
3Rs.60,000 to Rs. 1,50,00020%5%
4Greater than Rs.1,50,00030%5%

Income Slab rates For Financial Year 2001-02 Assessment Year 2002-03

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 60,000
1Less than Rs.50,000NilNil
2Rs.50,000to Rs.60,00010%2%
3Rs.60,000 to Rs. 1,50,00020%2%
4Greater than Rs.1,50,00030%2%

Income Slab rates For Financial Year 2000-01 Assessment Year 2001-02

Sr. No.Income Tax SlabTax RateSurcharge Total Income> Rs 60,000Surcharge Total Income> Rs 1,50,000
1Less than Rs.50,000NilNilNil
2Rs.50,000to Rs.60,00010%12%17%
3Rs.60,000 to Rs. 1,50,00020%12%17%
4Greater than Rs.1,50,00030%12%17%

Income Tax Rates for Financial Year 1999-2000 Assessment Year 2000-2001

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs.50,000Nil
2Rs. 50,001 to Rs.60,00010%
3Rs. 60,001 to 1,50,00020%
4Greater than 1,50,00030%

Income Tax Rates for Financial Year 1998-99 Assessment Year 1999-2000

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs.50,000Nil
2Rs. 50,001 to Rs.60,00010%
3Rs. 60,001 to 1,50,00020%
4Greater than 1,50,00030%

Income Tax Rates for Financial Year 1996-97 Assessment Year 1998-99

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs.40,000Nil
2Rs. 40,001 to Rs.60,00010%
3Rs. 60,001 to 1,50,00020%
4Greater than 1,50,00030%

Income Tax Rates for Financial Year 1996-97 Assessment Year 1997-98

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs.40,000Nil
2Rs. 40,001 to Rs.60,00015%
3Rs. 60,001 to 1,20,00030%
4Greater than 1,20,00050%

Income Tax Rates for Financial Year 1995-96 Assessment Year 1996-97

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs.40,000Nil
2Rs. 40,001 to Rs.60,00020%
3Rs. 60,001 to 1,20,00030%
4Greater than 1,20,00040%

Income Tax Rates for Financial Year 1994-95 Assessment Year 1995-96

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs.35,000Nil
2Rs. 35,001 to Rs.60,00020%
3Rs. 60,001 to 1,20,00030%
4Greater than 1,20,00040%

Income Tax Rates for Financial Year 1993-94 Assessment Year 1994-95

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs. 30,000Nil
2Rs. 30,001 to Rs.50,00020%
3Rs. 50,001 to 1,00,00030%
4Greater than Rs. 1,00,00040%

Income Tax Rates for Financial Year 1992-93 Assessment Year 1993-94

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs. 28,000Nil
2Rs. 28,001 to Rs.50,00020%
3Rs. 50,001 to Rs. 1,00,00030%
4Greater than Rs. 1,00,00040%

Income Tax Rates for Financial Year 1991-92 Assessment Year 1992-93

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs. 22,000Nil
2Rs. 22,001 to Rs.30,00020%
3Rs. 30,001 to Rs.50,00030%
4Rs.50,001 to Rs.1,00,00040%
5Greater than Rs. 1,00,00050%

Income Tax Rates for Financial Year 1990-91 Assessment Year 1991-92

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs. 22,000Nil
2Rs. 22,001 to Rs.30,00020%
3Rs. 30,001 to Rs.50,00030%
4Rs.50,000 to Rs.1,00,00040%
5Greater than Rs. 1,00,00050%

Income Tax Rates for Financial Year 1989-90 Assessment Year 1990-91

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs. 18,000Nil
2Rs. 18,001 to Rs.25,00025%
3Rs. 25,001 to Rs.50,00030%
4Rs.50,000 to Rs.1,00,00040%
5Greater than Rs. 1,00,00050%

Income Tax Rates for Financial Year 1985-86 Assessment Year 1986-87 , Financial Year 1987-88  Assessment Year 1988-89

Sr. No.Income Slab  Rs.Tax Rate
1Less than Rs. 18,000Nil
2Rs. 18,001 to Rs.25,00025%
3Rs. 25,001 to Rs. 50,00030%
4Rs.50,000 to Rs.1,00,00030%
5Greater than Rs. 1,00,00050%

Income Tax Rates for Financial Year 1984-85 Assessment Year 1985-86

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.15,000Nil
2.Rs. 15,001 to Rs.20,00020%
3Rs. 20,001 to Rs.25,00025%
4Rs. 25,001 to Rs. 30,00030%
5Rs. 30,000 to Rs.40,00035%
6Rs. 40,001 to Rs. 50,00040%
7Rs. 50,001 to Rs. 70,00045%
8Rs.70,001 to Rs1,00,00050%
9Greater than Rs. 1,00,00055%

Income Tax Rates for Financial Year 1983-84 Assessment Year 1984-85

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.15,000Nil
2.Rs.15,001 to Rs.20,00025%
3Rs.20,001 to Rs.25,00030%
4Rs.25,001 to Rs.30,00035%
5Rs.30,001 to Rs.50,00040%
6Rs.50,001 to Rs.60,00050%
7Rs.60,001 to Rs.70,00050.50%
8Rs.70,001 to Rs.85,00055%
9Rs.85,001 to Rs.1,00,00057.50%
10Greater than Rs.1,00,00060%

Income Tax Rates for Financial Year 1982-83 Assessment Year 1983-84

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.15,000Nil
2.Rs.15,001 to Rs.25,00030%
3Rs.25,001 to Rs.30,00034%
4Rs.30,001 to Rs.50,00040%
5Rs.50,001 to Rs.70,00050%
6Rs.70,001 to Rs.1,00,00055%
7Greater than Rs.1,00,00060%

Income Tax Rates for Financial Year 1981-82 Assessment Year 1982-83

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.8,000Nil
2.Rs.8,001 to Rs.15,00015%
3Rs.15,001 to Rs.20,00018%
4Rs.20,001 to Rs.25,00025%
5Rs.25,001 to Rs.30,00030%
6Rs.30,001 to Rs.50,00040%
7Rs.50,001 to Rs.70,00050%
8Rs.70,001 to Rs.1,00,00055%
9Greater than Rs.1,00,00060%

Income Tax Rates for Financial Year 1980-81 Assessment Year 1981-82

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.8,000Nil
2.Rs.8,001 to Rs.15,00015%
3Rs.15,001 to Rs.20,00018%
4Rs.20,001 to Rs.25,00025%
5Rs.25,001 to Rs.30,00030%
6Rs.30,001 to Rs.50,00040%
7Rs.50,001 to Rs.70,00050%
8Rs.70,001 to Rs.1,00,00055%
9Greater than Rs.1,00,00060%

Income Tax Rates for Financial Year 1976-77 , Financial Year 1977-78 , Financial Year 1978-79 , Financial Year 1979-80

Assessment Year 1977-1978 , Assessment Year 1978-1979 , Assessment Year 1979-1980 , Assessment Year 1980-81

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.8,000Nil
2.Rs.8,001 to Rs.15,00015%
3Rs.15,001 to Rs.20,00018%
4Rs.20,001 to Rs.25,00025%
5Rs.25,001 to Rs.30,00030%
6Rs.30,001 to Rs.50,00040%
7Rs.50,001 to Rs.70,00050%
8Rs.70,001 to Rs.1,00,00055%
9Greater than Rs.1,00,00060%

Income Tax Rates for Financial Year 1974-1975 Assessment Year 1975-1976, Financial Year 1975-1976 Assessment Year 1976-1977

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.6,000Nil
2.Rs.6,001 to Rs.10,00012%
3Rs.10,001 to Rs.15,00015%
4Rs.15,001 to Rs.20,00020%
5Rs.20,001 to Rs.25,00030%
6Rs.25,001 to Rs.30,00040%
7Rs.30,001 to Rs.50,00050%
8Rs.50,001 to Rs.70,00060%
9Greater than Rs.70,00070%

Income Tax Rates for Financial Year 1970-71 , Financial Year 1971-72 , Financial Year 1972-73  Financial Year 1973-74

Assessment Year 1971-1972 , Assessment Year 1972-1973 , Assessment Year 1973-1974 , Assessment Year 1974-1975

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.5,000Nil
2.Rs.5,001 to Rs.10,00010%
3Rs.10,001 to Rs.15,00017%
4Rs.15,001 to Rs.20,00023%
5Rs.20,001 to Rs.25,00030%
6Rs.25,001 to Rs.30,00040%
7Rs.30,001 to Rs.40,00050%
8Rs.40,001 to Rs.60,00060%
9Rs.60,001 to Rs.80,00070%
10Rs.80,001 toRs.1,00,00075%
11Rs.1,00,001 to Rs.2,00,00080%
12Greater than Rs.2,00,00085%

Income Tax Rates for Financial Year 1968-69 Assessment Year 1969-1970 & Financial Year 1969-70  Assessment Year 1970-71

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.5,0005%
2.Rs.5,001 to Rs.10,00010%
3Rs.10,001 to Rs.15,00015%
4Rs.15,001 to Rs.20,00020%
5Rs.20,001 to Rs.25,00030%
6Rs.25,001 to Rs.30,00040%
7Rs.30,001 to Rs.50,00050%
8Rs.50,001 to Rs.70,00060%
9Rs.70,001 to Rs.1,00,00065%
10Rs.1,00,001 to Rs.2,50,00070%
11Greater than Rs.2,50,00075%

Income Tax Rates for

Financial Year 1965-66, Financial Year 1966-67, Financial Year 1967-68

Assessment Year 1966-67, Assessment Year 1967-68 , Assessment Year 1968-69

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.5,0005%
2.Rs.5,001 to Rs.10,00010%
3Rs.10,001 to Rs.15,00015%
4Rs.15,001 to Rs.20,00020%
5Rs.20,001 to Rs.25,00030%
6Rs.25,001 to Rs.30,00040%
7Rs.30,001 to Rs.50,00050%
8Rs.50,001 to Rs.70,00060%
9Greater than Rs.70,00165%

Income Tax Rates for Financial Year 1964-65 Assessment Year 1965-66

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.3,200Nil
2.Rs.3,201 to Rs.5,0006%
3Rs.5,001 to Rs.7,50010%
4Rs.7,501 to Rs.12,50015%
5Rs.12,501 to Rs.20,00020%

Income Tax Rates for Financial Year 1963-64 Assessment Year 1964-65

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,000Nil
2.Rs.1,001 to Rs.5,0003%
3Rs.5,001 to Rs.7,5006%
4Rs.7,501 to Rs.10,0009%
5Rs.10,001 to Rs.12,50011%
6Rs.12,501 to Rs.15,00014%
7Rs.15,001 to Rs.20,00018%
8Greater than  Rs.20,00025%

Income Tax Rates for

Financial Year 1958-59, Financial Year 1959-60 , Financial Year 1960-61, Financial Year 1962-63

Assessment Year 1959-60, Assessment Year 1960-61, Assessment Year 1962-63, Assessment Year 1963-64

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,000Nil
2.Rs.1,001 to Rs.5,0003%
3Rs.5,001 to Rs.7,5006%
4Rs.7,501 to Rs.10,0009%
5Rs.10,001 to Rs.12,50011%
6Rs.12,501 to Rs.15,00014%
7Rs.15,001 to Rs.20,00018%
8Greater than  Rs.20,00025%

Income Tax Rates for Financial Year 1957-58, Assessment Year 1958-59

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,000Nil
2.Rs.1,001 to Rs.5,000Nine Pies in the Rupee
3Rs.5,001 to Rs.7,500One Anna and Nine Pies in the Rupee
4Rs.7,501 to Rs.10,000Two Annas and Three Pies in the Rupee
5Rs.10,001 to Rs.15,000Three Annas and Three Pies in the Rupee
6Greater than  Rs.15,000Four Annas in the Rupee Rs. 0.25

Income Tax Rates for Financial Year 1955-56 Assessment Year 1956-1957

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.2,000Nil
2.Rs.2,001 to Rs.5,000Nine Pies in the Rupee
3Rs.5,001 to Rs.7,500One Anna and Nine Pies in the Rupee
4Rs.7,501 to Rs.10,000Two Annas and Three Pies in the Rupee
5Rs.10,001 to Rs.15,000Three Annas and Three Pies in the Rupee
6Greater than  Rs.15,000Four Annas in the Rupee  Rs. 0.25

Income Tax Rates for Financial Year 1951-52 Assessment Year 1952-53 , Financial Year 1954-55  Assessment Year 1955-1956

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,500Nil
2.Rs.1,501 to Rs.5,000Nine Pies in the Rupee
3Rs.5,001 to Rs.10,000One Anna and Nine Pies in the Rupee
4Rs.10,001 to Rs.15,000Three Annas and Three Pies in the Rupee
5Greater than  Rs.15,000Four Annas in the Rupee Rs.0.25

Income Tax Rates for Financial Year 1949-50, Assessment Year 1950-51

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,500Nil
2.Rs.1,501 to Rs.5,000Nine Pies in the Rupee
3Rs.5,001 to Rs.10,000One Anna and Nine Pies in the Rupee
4Rs.10,001 to Rs.15,000Three Annas and Half Annas in the Rupee  Rs.0.05
5Greater than  Rs.15,000Five Annas in the Rupee Rs.0.03125

Income Tax Rates for Financial Year 1948-49, Assessment Year 1949-50

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,500Nil
2.Rs.1,501 to Rs.5,000One Annas in the Rupee Rs. 0.0625
3Rs.5,001 to Rs.10,000Two Annas in the Rupee Rs 0.0125
4Rs.10,001 to Rs.15,000Three Annas and Half Annas in the Rupee Rs.0.05
5Greater than  Rs.15,000Five Annas in the Rupee Rs.0.03125

Income Tax Rates for Financial Year 1947-48, Assessment Year 1948-49

Sr. No.Income Slab  Rs.Tax Rate
1.Less than Rs.1,500Nil
2.Rs.1,501 to Rs.5,000One Annas in the Rupee  Rs. 0.0625
3Rs.5,001 to Rs.10,000Two Annas in the Rupee  Rs 0.0125
4Rs.10,001 to Rs.15,000Three Annas and Half Annas in the Rupee  Rs.0.05
5Greater than  Rs.15,000Five Annas in the Rupee  Rs.0.03125

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