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 Slab	Tax Rate	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 7,50,000	10%	10%	15%	4%
4	Rs. 7,50,000 to Rs.10,00,000	15%	10%	15%	4%
5	Rs.10,00,000 to Rs. 12,50,000	20%	10%	15%	4%
6	Rs. 12,50,000 to Rs.15,00,000	25%	10%	15%	4%
7	Greater than Rs.15,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	15%	4%
4	Greater than Rs.10,00,000	30%	10%	15%	4%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	15%	4%
4	Greater than Rs.10,00,000	30%	10%	15%	4%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax (Rs.)	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.3,00,000	Nil	Nil	Nil	Nil
2	Rs.3,00,000to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	15%	4%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	15%	4%
4	Greater than Rs.10,00,000	30%	10%	15%	4%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	15%	4%
4	Greater than Rs.10,00,000	30%	10%	15%	4%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 50,00,000	Surcharge Total Income> Rs 100,00,000	Health and Education cess
1	Less than Rs.3,00,000	Nil	Nil	Nil	Nil
2	Rs.3,00,000to Rs.5,00,000	5%	10%	15%	4%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	15%	4%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Surcharge Total Income> Rs 10,00,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	2%	5%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	2%	5%	2%	1%
4	Greater than Rs.10,00,000	30%	2%	5%	2%	1%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Surcharge Total Income> Rs 10,00,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	5%	2%	5%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	2%	5%	2%	1%
4	Greater than Rs.10,00,000	30%	2%	5%	2%	1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Surcharge Total Income> Rs 10,00,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.3,00,000	Nil	Nil	Nil	Nil	Nil
2	Rs.3,00,000to Rs.5,00,000	5%	2%	5%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	2%	5%	2%	1%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	10%	15%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	15%	2%	1%
4	Greater than Rs.10,00,000	30%	15%	2%	1%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	10%	15%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	15%	2%	1%
4	Greater than Rs.10,00,000	30%	15%	2%	1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.3,00,000	Nil	Nil	Nil	Nil
2	Rs.3,00,000to Rs.5,00,000	10%	15%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	15%	2%	1%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	10%	12%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	12%	2%	1%
4	Greater than Rs.10,00,000	30%	12%	2%	1%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	10%	12%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	12%	2%	1%
4	Greater than Rs.10,00,000	30%	12%	2%	1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess	Secondary and Higher Education Cess
1	Less than Rs.3,00,000	Nil	Nil	Nil	Nil
2	Rs.3,00,000to Rs.5,00,000	10%	12%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	12%	2%	1%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	10%	10%	3%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	3%
4	Greater than Rs.10,00,000	30%	10%	3%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil
2	Rs.2,50,000 to Rs.5,00,000	10%	10%	3%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	3%
4	Greater than Rs.10,00,000	30%	10%	3%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.3,00,000	Nil	Nil	Nil
2	Rs.3,00,000to Rs.5,00,000	10%	10%	3%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	3%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.2,00,000	Nil	Nil	Nil
2	Rs.2,00,000 to Rs.5,00,000	10%	10%	3%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	3%
4	Greater than Rs.10,00,000	30%	10%	3%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.2,00,000	Nil	Nil	Nil
2	Rs.2,00,000 to Rs.5,00,000	10%	10%	3%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	3%
4	Greater than Rs.10,00,000	30%	10%	3%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.2,50,000	Nil	Nil	Nil
2	Rs.2,50,000to Rs.5,00,000	10%	10%	3%
3	Rs.5,00,000 to Rs. 10,00,000	20%	10%	3%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,00,000	Nil	Nil	Nil
2	Rs.2,00,000 to Rs.5,00,000	10%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	2%	1%
4	Greater than Rs.10,00,000	30%	2%	1%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,00,000	Nil	Nil	Nil
2	Rs.2,00,000 to Rs.5,00,000	10%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	2%	1%
4	Greater than Rs.10,00,000	30%	2%	1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil
2	Rs.2,50,000to Rs.5,00,000	10%	2%	1%
3	Rs.5,00,000 to Rs. 10,00,000	20%	2%	1%
4	Greater than Rs.10,00,000	30%	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 Slab	Tax Rate	Education cess	Secondary and Higher Education Cess
1	Less than Rs.1,80,000	Nil	Nil	Nil
2	Rs.1,80,000to Rs.5,00,000	10%	2%	1%
3	Rs.5,00,000 to Rs. 8,00,000	20%	2%	1%
4	Greater than Rs.8,00,000	30%	2%	1%

Tax slab for Women up to 60 years of age

Sr. No.	Income Tax Slab	Tax Rate	Education cess	Secondary and Higher Education Cess
1	Less than Rs.1,92,000	Nil	Nil	Nil
2	Rs.1,92,000 to Rs.5,00,000	10%	2%	1%
3	Rs.5,00,000 to Rs. 8,00,000	20%	2%	1%
4	Greater than Rs.8,00,000	30%	2%	1%

Tax slab for Senior Citizen aged above 60 years.

Sr. No.	Income Tax Slab	Tax Rate	Education cess	Secondary and Higher Education Cess
1	Less than Rs.2,50,000	Nil	Nil	Nil
2	Rs.2,50,000to Rs.5,00,000	10%	2%	1%
3	Rs.5,00,000 to Rs. 8,00,000	20%	2%	1%
4	Greater than Rs.8,00,000	30%	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 Slab	Tax Rate	Education cess
1	Less than Rs.1,60,000	Nil	Nil
2	Rs.1,60,000to Rs.5,00,000	10%	3%
3	Rs.5,00,000 to Rs. 8,00,000	20%	3%
4	Greater than Rs.8,00,000	30%	3%

Tax slab for Women up to 65 years of age

Sr. No.	Income Tax Slab	Tax Rate	Education cess
1	Less than Rs.1,90,000	Nil	Nil
2	Rs.1,90,000 to Rs.5,00,000	10%	3%
3	Rs.5,00,000 to Rs. 8,00,000	20%	3%
4	Greater than Rs.8,00,000	30%	3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.	Income Tax Slab	Tax Rate	Education cess
1	Less than Rs.2,40,000	Nil	Nil
2	Rs.2,40,000to Rs.5,00,000	10%	3%
3	Rs.5,00,000 to Rs. 8,00,000	20%	3%
4	Greater than Rs.8,00,000	30%	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 Slab	Tax Rate	Education cess
1	Less than Rs.1,60,000	Nil	Nil
2	Rs.1,60,000to Rs.3,00,000	10%	3%
3	Rs.3,00,000 to Rs. 5,00,000	20%	3%
4	Greater than Rs.5,00,000	30%	3%

Tax slab for Women up to 65 years of age

Sr. No.	Income Tax Slab	Tax Rate	Education cess
1	Less than Rs.1,90,000	Nil	Nil
2	Rs.1,90,000 to Rs.3,00,000	10%	3%
3	Rs.3,00,000 to Rs. 5,00,000	20%	3%
4	Greater than Rs.5,00,000	30%	3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.	Income Tax Slab	Tax Rate	Education cess
1	Less than Rs.2,40,000	Nil	Nil
2	Rs.2,40,000to Rs.3,00,000	10%	3%
3	Rs.5,00,000 to Rs. 5,00,000	20%	3%
4	Greater than Rs.5,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.1,50,000	Nil	Nil	Nil
2	Rs.1,50,000to Rs.3,00,000	10%	10%	3%
3	Rs.3,00,000 to Rs. 5,00,000	20%	10%	3%
4	Greater than Rs.5,00,000	30%	10%	3%

Tax slab for Women up to 65 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.1,80,000	Nil	Nil	Nil
2	Rs.1,80,000 to Rs.3,00,000	10%	10%	3%
3	Rs.3,00,000 to Rs. 5,00,000	20%	10%	3%
4	Greater than Rs.5,00,000	30%	10%	3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 100,00,000	Education cess
1	Less than Rs.2,25,000	Nil	Nil	Nil
2	Rs.2,25,000to Rs.3,00,000	10%	10%	3%
3	Rs.3,00,000 to Rs. 5,00,000	20%	10%	3%
4	Greater than Rs.5,00,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs. 10,00,000	Education cess
1	Less than Rs.1,10,000	Nil	Nil	Nil
2	Rs.1,10,000to Rs.1,50,000	10%	10%	3%
3	Rs.1,50,000 to Rs. 2,50,000	20%	10%	3%
4	Greater than Rs.2,50,000	30%	10%	3%

Tax slab for Women up to 65 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs. 10,00,000	Education  cess
1	Less than Rs.1,45,000	Nil	Nil	Nil
2	Rs.1,45,000 to Rs.1,50,000	10%	10%	3%
3	Rs.1,50,000 to Rs. 2,50,000	20%	10%	3%
4	Greater than Rs.2,50,000	30%	10%	3%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs. 10,00,000	Education cess
1	Less than Rs.1,95,000	Nil	Nil	Nil
2	Rs.1,95,000 to Rs.2,50,000	20%	10%	3%
3	Greater than Rs.2,50,000	30%	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 Slab	Tax Rate	Surcharge Total Income> Rs. 10,00,000	Education cess
1	Less than Rs.1,00,000	Nil	Nil	Nil
2	Rs.1,00,000to Rs.1,50,000	10%	10%	2%
3	Rs.1,50,000 to Rs. 2,50,000	20%	10%	2%
4	Greater than Rs.2,50,000	30%	10%	2%

Tax slab for Women up to 65 years of age

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs. 10,00,000	Education cess
1	Less than Rs.1,35,000	Nil	Nil	Nil
2	Rs.1,35,000 to Rs.1,50,000	10%	10%	2%
3	Rs.1,50,000 to Rs. 2,50,000	20%	10%	2%
4	Greater than Rs.2,50,000	30%	10%	2%

Tax slab for Senior Citizen aged above 65 years.

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs. 10,00,000	Education cess
1	Less than Rs.1,85,000	Nil	Nil	Nil
2	Rs.1,85,000 to Rs.2,50,000	20%	10%	2%
3	Greater than Rs.2,50,000	30%	10%	2%

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

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs. 8,50,000	Education cess
1	Less than Rs.50,000	Nil	Nil	Nil
2	Rs.50,000to Rs.60,000	10%	10%	2%
3	Rs.60,000 to Rs. 1,50,000	20%	10%	2%
4	Greater than Rs.1,50,000	30%	10%	2%

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

Sr. No.	Income Tax Slab	Tax	Surcharge Total Income> Rs. 8,50,000	Education cess
1	Less than Rs.50,000	Nil	Nil	Nil
2	Rs.50,000to Rs.60,000	10%	10%	2%
3	Rs.60,000 to Rs. 1,50,000	20%	10%	2%
4	Greater than Rs.1,50,000	30%	10%	2%

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

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs. 1,50,000
1	Less than Rs.50,000	Nil	Nil
2	Rs.50,000to Rs.60,000	10%	5%
3	Rs.60,000 to Rs. 1,50,000	20%	5%
4	Greater than Rs.1,50,000	30%	5%

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

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 60,000
1	Less than Rs.50,000	Nil	Nil
2	Rs.50,000to Rs.60,000	10%	2%
3	Rs.60,000 to Rs. 1,50,000	20%	2%
4	Greater than Rs.1,50,000	30%	2%

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

Sr. No.	Income Tax Slab	Tax Rate	Surcharge Total Income> Rs 60,000	Surcharge Total Income> Rs 1,50,000
1	Less than Rs.50,000	Nil	Nil	Nil
2	Rs.50,000to Rs.60,000	10%	12%	17%
3	Rs.60,000 to Rs. 1,50,000	20%	12%	17%
4	Greater than Rs.1,50,000	30%	12%	17%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs.50,000	Nil
2	Rs. 50,001 to Rs.60,000	10%
3	Rs. 60,001 to 1,50,000	20%
4	Greater than 1,50,000	30%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs.50,000	Nil
2	Rs. 50,001 to Rs.60,000	10%
3	Rs. 60,001 to 1,50,000	20%
4	Greater than 1,50,000	30%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs.40,000	Nil
2	Rs. 40,001 to Rs.60,000	10%
3	Rs. 60,001 to 1,50,000	20%
4	Greater than 1,50,000	30%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs.40,000	Nil
2	Rs. 40,001 to Rs.60,000	15%
3	Rs. 60,001 to 1,20,000	30%
4	Greater than 1,20,000	50%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs.40,000	Nil
2	Rs. 40,001 to Rs.60,000	20%
3	Rs. 60,001 to 1,20,000	30%
4	Greater than 1,20,000	40%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs.35,000	Nil
2	Rs. 35,001 to Rs.60,000	20%
3	Rs. 60,001 to 1,20,000	30%
4	Greater than 1,20,000	40%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs. 30,000	Nil
2	Rs. 30,001 to Rs.50,000	20%
3	Rs. 50,001 to 1,00,000	30%
4	Greater than Rs. 1,00,000	40%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs. 28,000	Nil
2	Rs. 28,001 to Rs.50,000	20%
3	Rs. 50,001 to Rs. 1,00,000	30%
4	Greater than Rs. 1,00,000	40%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs. 22,000	Nil
2	Rs. 22,001 to Rs.30,000	20%
3	Rs. 30,001 to Rs.50,000	30%
4	Rs.50,001 to Rs.1,00,000	40%
5	Greater than Rs. 1,00,000	50%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs. 22,000	Nil
2	Rs. 22,001 to Rs.30,000	20%
3	Rs. 30,001 to Rs.50,000	30%
4	Rs.50,000 to Rs.1,00,000	40%
5	Greater than Rs. 1,00,000	50%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1	Less than Rs. 18,000	Nil
2	Rs. 18,001 to Rs.25,000	25%
3	Rs. 25,001 to Rs.50,000	30%
4	Rs.50,000 to Rs.1,00,000	40%
5	Greater than Rs. 1,00,000	50%

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
1	Less than Rs. 18,000	Nil
2	Rs. 18,001 to Rs.25,000	25%
3	Rs. 25,001 to Rs. 50,000	30%
4	Rs.50,000 to Rs.1,00,000	30%
5	Greater than Rs. 1,00,000	50%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.15,000	Nil
2.	Rs. 15,001 to Rs.20,000	20%
3	Rs. 20,001 to Rs.25,000	25%
4	Rs. 25,001 to Rs. 30,000	30%
5	Rs. 30,000 to Rs.40,000	35%
6	Rs. 40,001 to Rs. 50,000	40%
7	Rs. 50,001 to Rs. 70,000	45%
8	Rs.70,001 to Rs1,00,000	50%
9	Greater than Rs. 1,00,000	55%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.15,000	Nil
2.	Rs.15,001 to Rs.20,000	25%
3	Rs.20,001 to Rs.25,000	30%
4	Rs.25,001 to Rs.30,000	35%
5	Rs.30,001 to Rs.50,000	40%
6	Rs.50,001 to Rs.60,000	50%
7	Rs.60,001 to Rs.70,000	50.50%
8	Rs.70,001 to Rs.85,000	55%
9	Rs.85,001 to Rs.1,00,000	57.50%
10	Greater than Rs.1,00,000	60%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.15,000	Nil
2.	Rs.15,001 to Rs.25,000	30%
3	Rs.25,001 to Rs.30,000	34%
4	Rs.30,001 to Rs.50,000	40%
5	Rs.50,001 to Rs.70,000	50%
6	Rs.70,001 to Rs.1,00,000	55%
7	Greater than Rs.1,00,000	60%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.8,000	Nil
2.	Rs.8,001 to Rs.15,000	15%
3	Rs.15,001 to Rs.20,000	18%
4	Rs.20,001 to Rs.25,000	25%
5	Rs.25,001 to Rs.30,000	30%
6	Rs.30,001 to Rs.50,000	40%
7	Rs.50,001 to Rs.70,000	50%
8	Rs.70,001 to Rs.1,00,000	55%
9	Greater than Rs.1,00,000	60%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.8,000	Nil
2.	Rs.8,001 to Rs.15,000	15%
3	Rs.15,001 to Rs.20,000	18%
4	Rs.20,001 to Rs.25,000	25%
5	Rs.25,001 to Rs.30,000	30%
6	Rs.30,001 to Rs.50,000	40%
7	Rs.50,001 to Rs.70,000	50%
8	Rs.70,001 to Rs.1,00,000	55%
9	Greater than Rs.1,00,000	60%

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.8,000	Nil
2.	Rs.8,001 to Rs.15,000	15%
3	Rs.15,001 to Rs.20,000	18%
4	Rs.20,001 to Rs.25,000	25%
5	Rs.25,001 to Rs.30,000	30%
6	Rs.30,001 to Rs.50,000	40%
7	Rs.50,001 to Rs.70,000	50%
8	Rs.70,001 to Rs.1,00,000	55%
9	Greater than Rs.1,00,000	60%

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.6,000	Nil
2.	Rs.6,001 to Rs.10,000	12%
3	Rs.10,001 to Rs.15,000	15%
4	Rs.15,001 to Rs.20,000	20%
5	Rs.20,001 to Rs.25,000	30%
6	Rs.25,001 to Rs.30,000	40%
7	Rs.30,001 to Rs.50,000	50%
8	Rs.50,001 to Rs.70,000	60%
9	Greater than Rs.70,000	70%

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.5,000	Nil
2.	Rs.5,001 to Rs.10,000	10%
3	Rs.10,001 to Rs.15,000	17%
4	Rs.15,001 to Rs.20,000	23%
5	Rs.20,001 to Rs.25,000	30%
6	Rs.25,001 to Rs.30,000	40%
7	Rs.30,001 to Rs.40,000	50%
8	Rs.40,001 to Rs.60,000	60%
9	Rs.60,001 to Rs.80,000	70%
10	Rs.80,001 toRs.1,00,000	75%
11	Rs.1,00,001 to Rs.2,00,000	80%
12	Greater than Rs.2,00,000	85%

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.5,000	5%
2.	Rs.5,001 to Rs.10,000	10%
3	Rs.10,001 to Rs.15,000	15%
4	Rs.15,001 to Rs.20,000	20%
5	Rs.20,001 to Rs.25,000	30%
6	Rs.25,001 to Rs.30,000	40%
7	Rs.30,001 to Rs.50,000	50%
8	Rs.50,001 to Rs.70,000	60%
9	Rs.70,001 to Rs.1,00,000	65%
10	Rs.1,00,001 to Rs.2,50,000	70%
11	Greater than Rs.2,50,000	75%

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.5,000	5%
2.	Rs.5,001 to Rs.10,000	10%
3	Rs.10,001 to Rs.15,000	15%
4	Rs.15,001 to Rs.20,000	20%
5	Rs.20,001 to Rs.25,000	30%
6	Rs.25,001 to Rs.30,000	40%
7	Rs.30,001 to Rs.50,000	50%
8	Rs.50,001 to Rs.70,000	60%
9	Greater than Rs.70,001	65%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.3,200	Nil
2.	Rs.3,201 to Rs.5,000	6%
3	Rs.5,001 to Rs.7,500	10%
4	Rs.7,501 to Rs.12,500	15%
5	Rs.12,501 to Rs.20,000	20%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.1,000	Nil
2.	Rs.1,001 to Rs.5,000	3%
3	Rs.5,001 to Rs.7,500	6%
4	Rs.7,501 to Rs.10,000	9%
5	Rs.10,001 to Rs.12,500	11%
6	Rs.12,501 to Rs.15,000	14%
7	Rs.15,001 to Rs.20,000	18%
8	Greater than  Rs.20,000	25%

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.1,000	Nil
2.	Rs.1,001 to Rs.5,000	3%
3	Rs.5,001 to Rs.7,500	6%
4	Rs.7,501 to Rs.10,000	9%
5	Rs.10,001 to Rs.12,500	11%
6	Rs.12,501 to Rs.15,000	14%
7	Rs.15,001 to Rs.20,000	18%
8	Greater than  Rs.20,000	25%

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

Sr. No.	Income Slab  Rs.	Tax Rate
1.	Less than Rs.1,000	Nil
2.	Rs.1,001 to Rs.5,000	Nine Pies in the Rupee
3	Rs.5,001 to Rs.7,500	One Anna and Nine Pies in the Rupee
4	Rs.7,501 to Rs.10,000	Two Annas and Three Pies in the Rupee
5	Rs.10,001 to Rs.15,000	Three Annas and Three Pies in the Rupee
6	Greater than  Rs.15,000	Four 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.2,000	Nil
2.	Rs.2,001 to Rs.5,000	Nine Pies in the Rupee
3	Rs.5,001 to Rs.7,500	One Anna and Nine Pies in the Rupee
4	Rs.7,501 to Rs.10,000	Two Annas and Three Pies in the Rupee
5	Rs.10,001 to Rs.15,000	Three Annas and Three Pies in the Rupee
6	Greater than  Rs.15,000	Four 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.1,500	Nil
2.	Rs.1,501 to Rs.5,000	Nine Pies in the Rupee
3	Rs.5,001 to Rs.10,000	One Anna and Nine Pies in the Rupee
4	Rs.10,001 to Rs.15,000	Three Annas and Three Pies in the Rupee
5	Greater than  Rs.15,000	Four 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.1,500	Nil
2.	Rs.1,501 to Rs.5,000	Nine Pies in the Rupee
3	Rs.5,001 to Rs.10,000	One Anna and Nine Pies in the Rupee
4	Rs.10,001 to Rs.15,000	Three Annas and Half Annas in the Rupee  Rs.0.05
5	Greater than  Rs.15,000	Five 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.1,500	Nil
2.	Rs.1,501 to Rs.5,000	One Annas in the Rupee Rs. 0.0625
3	Rs.5,001 to Rs.10,000	Two Annas in the Rupee Rs 0.0125
4	Rs.10,001 to Rs.15,000	Three Annas and Half Annas in the Rupee Rs.0.05
5	Greater than  Rs.15,000	Five 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.1,500	Nil
2.	Rs.1,501 to Rs.5,000	One Annas in the Rupee  Rs. 0.0625
3	Rs.5,001 to Rs.10,000	Two Annas in the Rupee  Rs 0.0125
4	Rs.10,001 to Rs.15,000	Three Annas and Half Annas in the Rupee  Rs.0.05
5	Greater than  Rs.15,000	Five Annas in the Rupee  Rs.0.03125

Employer to take declaration form employee on TDS to be deducted FY 2020-21 in new rate or old rate – Know FAQ section 115BAC