Income tax Rates Slab from FY 2010-11 (AY 2011-12) to FY 2019-20 (AY 2020-21)

Income Tax Slabs and patterns have been changed each year. Looking for the Income Tax Slabs and rates for the last ten financial years i.e. 2010-11 to 2019-20 or Assessment years 2011-12 to 2020-21? This article might help you find out the same.

What is Income Tax Slab rates in India?

Indian Income Tax System follows Income Tax Slabs for levying the tax on the income of an individual or non-individual. Various slabs are accounted for. 

In India, the Income Tax is charged on the income earned. This tax applies to the range of income, which is called Income Tax Slabs. The slabs of Income Tax keep changing from year to year. The Finance Minister announces the slab rates of Income Tax in the Union Budget each year. The Income Tax Slabs can be categorized into four slabs,

• Income is chargeable to Nil rate of Tax;
• An Income is chargeable to 10%;
• Income is chargeable to 20%; and
• Income is chargeable to 30%.

Surcharge (EC) and secondary and higher secondary education cess (SHEC) are also charged over and above the tax.

 Bifurcation of Income Tax Slab

The Income Tax Slab rate can be mainly bifurcated as under:

• By Gender
• • Male; and
  • Female.
• By Age
  • Resident; and
  • Non-resident in India.
• For Hindu Undivided Family (HUF)/ Association Of Person (AOP)/ Body Of Individual (BOI)/ Artificial Judicial Person (AJP).
• On Non-individuals
  • Partnership Firms or LLPs;
  • Domestic Company;
  • Foreign Company;
  • Co-operative Societies; and
  • Local Authorities.

Suggested read: Key Highlights of Union Budget 2020

Income Tax Rate from Assessment Year 2011-2012 to 2020-2021

Income Tax Rate for FY 2010-11 or AY 2011-12

Surcharge: There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals.

Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2011-12 or AY 2012-13

Surcharge: There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals.
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2012-13 or AY 2013-14

Surcharge: There is no surcharge in the case of every individual, Hindu undivided family, Association of persons and body of individuals.
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2013-14 or AY 2014-15

Surcharge: 10% of the Income Tax, where total taxable income is more than Rs. 1 crore
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2014-15 or AY 2015-16

Surcharge: 10% of the Income Tax, where total taxable income is more than Rs. 1 crore
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2015-16 or AY 2016-17

Surcharge: 10% of the Income Tax, where total taxable income is more than Rs. 1 crore
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2016-17 or AY 2017-18

Surcharge: 10% of the Income Tax, where total taxable income is more than Rs. 1 crore
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2017-18 or AY 2018-19

Surcharge: 10% of tax where total income exceeds Rs. 50 lakh and 15% of tax where total income exceeds Rs. 1 crore
Education cess:  3% on Income-tax plus Surcharge.

Income Tax Rate for FY 2018-19 or AY 2019-20

Surcharge: 10% of tax where total income exceeds Rs. 50 lakh and 15% of tax where total income exceeds Rs. 1 crore
Education cess:  Health & Education cess: 4% of tax plus surcharge

Income Tax Rate for FY 2019-20 or AY 2020-21

Surcharge: 10% of tax where total income exceeds Rs. 50 lakh and 15% of tax where total income exceeds Rs. 1 crore
Education cess:  Health & Education cess: 4% of tax plus surcharge

Income Tax Rate for FY 2020-21 or AY 2021-22

The tax calculated on the basis of such rates will be subject to health and education cess of 4%.

Note: Any individual opting to be taxed under the new tax regime from FY 2020-21 onwards will have to give up certain exemptions and deductions.

Ebizfiling recommends a read: Income Tax Slab/ rates for the FY 2020-21 or AS 2021-22