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December 10, 2020
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.
Table of Content Important Update- Due date for Income Tax Return Filing has been extended |
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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
Tax rate | Men | women | Senior citizen |
Nil | 160000 | 190000 | 240000 |
10% | 160001 to 500000 | 190001 to 500000 | 240001 to 500000 |
20% | 500001 to 800000 | 500001 to 800000 | 500001 to 800000 |
30% | Above 800000 | Above 800000 | Above 800000 |
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
Tax rate | Men | women | Senior citizen
(age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 180000 | 190000 | 250000 | 500000 |
10% | 180001 to 500000 | 190001 to 500000 | 250001 to 500000 | – |
20% | 500001 to 800000 | 500001 to 800000 | 500001 to 800000 | 500001 to 800000 |
30% | Above 800000 | Above 800000 | Above 800000 | Above 800000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 200000 | 250000 | 500000 |
10% | 200001 to 500000 | 250001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 200000 | 250000 | 500000 |
10% | 200001 to 500000 | 250001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
10% | 250001 to 500000 | 300001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
10% | 250001 to 500000 | 300001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
10% | 250001 to 500000 | 300001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
10% | 250001 to 500000 | 300001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
10% | 250001 to 500000 | 300001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
10% | 250001 to 500000 | 300001 to 500000 | – |
20% | 500001 to 1000000 | 500001 to 1000000 | 500001 to 1000000 |
30% | Above 1000000 | Above 1000000 | Above 1000000 |
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
Tax rate | Men & women | Senior Citizen
(Age 60 to 80) |
Very senior Citizen
(Age above 80) |
Nil | 250000 | 300000 | 500000 |
5% | 250001 to 500000 | – | – |
10% | 500001 to 7,50000 | 300001 to 500000 | – |
15% | 7,50001 to 1000000 | – | – |
20% | 1000001 to 12,50,000 | 500001 to 1000000 | 500001 to 1000000 |
25% | 12,50,001 to 1500000 | – | – |
30% | Above 1500000 | Above 1000000 | Above 1000000 |
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
Income Tax return
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