Income Tax Slab & Rate Since AY 1986-1987,for FY 2019-20, 18-19 & 17-18

Tax slabs for various years from FY 1985-86(AY 1986-87) to  FY 2019-20 (AY 2020-21)  are given below :

Income tax slabs for FY 2019-20

For the Financial year 2018-19 or Assessment Year 2019-20

TAX	MEN and WOMEN	SENIOR CITIZEN(Between 60 yrs to 80 yrs)	For Very Senior Citizens(Above 80 years)
Basic Exemption	250000	300000	500000
5% tax	250001 to 500000	300001 to 500000	–
20% tax	500001 to 1000000	500001 to 1000000	500001 to 1000000
30% tax	above 1000000	above 1000000	above 1000000
Surcharge	10% of tax where total income exceeds Rs. 50 lakh  15% of tax where total income exceeds Rs. 1 crore
Education Cess	Health & Education cess: 4% of tax plus surcharge

If interested in how Personal Tax rates have evolved in India you can read:

• MoneyControl:Evolution of Personal Taxation in India(till 2006-2007)
• India Today:A 50 year trend of Indian Personal Tax rates(Feb 2011)
• India Today:Income Tax since 1950’s (2009)

For Financial year 2015-16 or Assessment Year 2016-17

Returns to be filed by 31 Jul 2016.

TAX	MEN and WOMEN	SENIOR CITIZEN(Between 60 yrs to 80 yrs)	For Very Senior Citizens(Above 80 years)
Basic Exemption	250000	300000	500000
10% tax	250001 to 500000	300001 to 500000	–
20% tax	500001 to 1000000	500001 to 1000000	500001 to 1000000
30% tax	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.

For Financial year 2014-15 or Assessment Year 2015-16 

Returns to be filed by 7 Sep  2015.

TAX	MEN and WOMEN	SENIOR CITIZEN(Between 60 yrs to 80 yrs)	For Very Senior Citizens(Above 80 years)
Basic Exemption	250000	300000	500000
10% tax	250001 to 500000	300001 to 500000	–
20% tax	500001 to 1000000	500001 to 1000000	500001 to 1000000
30% tax	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.

For Financial year 2013-14 or Assessment Year 2014-15

Returns to be filed by 31 Jul 2014.

TAX	MEN and WOMEN	SENIOR CITIZEN(Between 60 yrs to 80 yrs)	For Very Senior Citizens(Above 80 years)
Basic Exemption	200000	250000	500000
10% tax	200001 to 500000	250001 to 500000	–
20% tax	500001 to 1000000	500001 to 1000000	500001 to 1000000
30% tax	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.

For Financial year 2012-13 or Assessment Year 2013-14

TAX	MEN and WOMEN	SENIOR CITIZEN(Between 60 yrs to 80 yrs)	For Very Senior Citizens(Above 80 years)
Basic Exemption	200000	250000	500000
10% tax	200001 to 500000	250001 to 500000	–
20% tax	500001 to 1000000	500001 to 1000000	500001 to 1000000
30% tax	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.

For Financial year 2011-12 or Assessment Year 2012-13

TAX	MEN	WOMEN	SENIOR CITIZEN(Between 60 yrs to 80 yrs)	For Very Senior Citizens(Above 80 years)
Basic Exemption	180000	190000	250000	500000
10% tax	180001 to 500000	190001 to 500000	250001 to 500000	–
20% tax	500001 to 800000	500001 to 800000	500001 to 800000	500001 to 800000
30% tax	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.

For Financial year 2010-11 or Assessment Year 2011-12

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	160000	190000	240000
10% tax	160001 to 500000	190001 to 500000	240001 to 500000
20% tax	500001 to 800000	500001 to 800000	500001 to 800000
30% tax	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.

For Financial year 2009-10 or Assessment Year 2010-11

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	160000	190000	240000
10% tax	160001 to 300000	190001 to 300000	240001 to 300000
20% tax	300001 to 500000	300001 to 500000	300001 to 500000
30% tax	above 500000	above 500000	above 500000
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.

For Financial year 2008-09 or Assessment Year 2009-10

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	150000	180000	225000
10% tax	150001 to 300000	180001 to 300000	225001 to 300000
20% tax	300001 to 500000	300001 to 500000	300001 to 500000
30% tax	above 500000	above 500000	above 500000
Surcharge for Taxable Income > 10,00,000	10%	10%	10%
Education Cess	3% on Income-tax plus Surcharge.

For Financial year 2007-08 or Assessment Year 2008-09

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	110000	145000	195000
10% tax	110001 to 150000	145001 to 150000	nil
20% tax	150001 to 250000	150001 to 250000	195001 to 250000
30% tax	above 250000	above 250000	above 250000
Surcharge for Taxable Income > 10,00,000	10%	10%	10%
Education Cess	3% on Income-tax plus Surcharge.

For Financial year 2006-07 and 2005-06 or Assessment Year 2007-08 and 2006-2007

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	100000	135000	185000
10% tax	100001 to 150000	135001 to 150000	nil
20% tax	150001 to 250000	150001 to 250000	185001 to 250000
30% tax	above 250000	above 250000	above 250000
Surcharge for Taxable Income > 10,00,000	10%	10%	10%
Education Cess	2% on Income-tax plus Surcharge.

For Financial year 2004-05 and 2003-04 or Assessment Year 2005-06 and 2004-2005

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	50000	50000	50000
10% tax	50001 to 60000	50001 to 60000	50001 to 60000
20% tax	60001 to 150000	60001 to 150000	60001 to 150000
30% tax	above 150000	above 150000	above 150000
Surcharge for Taxable Income > 8,50,000	10%	10%	10%
Education Cess	2% on Income-tax plus Surcharge.

For Financial year 2002-03 or Assessment Year 2003-04

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	50000	50000	50000
10% tax	50001 to 60000	50001 to 60000	50001 to 60000
20% tax	60001 to 150000	60001 to 150000	60001 to 150000
30% tax	above 150000	above 150000	above 150000
Surcharge for Taxable Income > 1,50,000	5%	5%	5%

For Financial year 2001-02 or Assessment Year 2002-03

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	50000	50000	50000
10% tax	50001 to 60000	50001 to 60000	50001 to 60000
20% tax	60001 to 150000	60001 to 150000	60001 to 150000
30% tax	above 150000	above 150000	above 150000
Surcharge for Taxable Income > 60,000	2%	2%	2%

For Financial year 2000-01 or Assessment Year 2001-02

TAX	MEN	WOMEN	SENIOR CITIZEN
Basic Exemption	50000	50000	50000
10% tax	50001 to 60000	50001 to 60000	50001 to 60000
20% tax	60001 to 150000	60001 to 150000	60001 to 150000
30% tax	above 150000	above 150000	above 150000
Surcharge for Taxable Income > 60,000	12%	12%	12%
Surcharge for Taxable Income > 150000	17%	17%	17%

ASSESSMENT YEAR 2000-2001

Upto 50000 Nil 50000 to 60000 10% 60000 to 150000 1000+20% 150000 and above 19000+30% Surcharge 10% if the taxable income exceeds Rs.60,000 Standard Deduction Upto 1,00,000 – Rs.25,000 or 33 1/3%   1,00,000 to 5,00,000 – Rs.20,000   5,00,000 & above – Nil

ASSESSMENT YEAR 1999 – 2000

Upto 50000 Nil 50000 to 60000 10% 60000 to 150000 1000+20% 150000 and above 19000+30% Surcharge Nil Standard Deduction Upto 1,00,000 – Rs.25,000 or 33 1/3%   1,00,000 to 5,00,000 – Rs.20,000   5,00,000 & above – Nil

ASSESSMENT YEAR 1998-1999

Upto 40000 Nil 40000 to 60000 10% 60000 to 150000 2000+20% 150000 and above 20000+30% Surcharge Nil Standard Deduction 33 1/3% of salary or 20000 whichever is less

ASSESSMENT YEAR 1997-1998

Upto 40000 Nil 40000 to 60000 15% 60000 to 120000 3000+30% 120000 and above 21000+40% Surcharge Nil Standard Deduction 33 1/3% of salary or 15000 whichever is less   And for ladies, if income exceeds Rs. 75,000 the S.D is Rs.18000/-

ASSESSMENT YEAR 1996-1997

Upto 40000 Nil 40000 to 60000 20% 60000 to 120000 4000+30% 120000 and above 22000+40% Surcharge Nil Standard Deduction 33 1/3% of salary or 15000 whichever is less

ASSESSMENT YEAR 1995-1996

Upto 35000 Nil 35000 to 60000 20% 60000 to 120000 5000+30% 120000 and above 23000+40% Surcharge Nil Standard Deduction 33 1/3% of salary or 15000 whichever is less   And for ladies, if income exceeds Rs. 75,000 the S.D is Rs.18000/-

ASSESSMENT YEAR 1994-1995

Upto 30000 Nil 30000 to 50000 20% 50000 to 100000 4000+30% 100000 and above 19000+40% Surcharge 12% if taxable income exceeds 1,00,000 Standard Deduction 33 1/3% of salary or 15000 whichever is less   And for ladies, if income exceeds Rs. 75,000 the S.D is Rs.18000/-

ASSESSMENT YEAR 1993-1994

Upto 28000 Nil 28000 to 50000 20% 50000 to 100000 4400+30% 100000 and above 19400+40% Surcharge 12% if taxable income exceeds 1,00,000 Standard Deduction 33 1/3% of salary or 12000 whichever is less   And for ladies, if income exceeds Rs. 75,000 the S.D is Rs.18000/-

ASSESSMENT YEAR 1992-1993

Upto 22000 Nil 22000 to 30000 20% 30000 to 50000 1600+30% 50000 to 100000 7600+40% 100000 and above 27600+50% Surcharge 12% if taxable income exceeds 75,000 Standard Deduction 33 1/3% of salary or 12000 whichever is less

ASSESSMENT YEAR 1991-1992

Upto 22000	Nil
22000 to 30000	20%
30000 to 50000	30%
50000 to 100000	40%
100000 and above	50%
Surcharge	12% if taxable income exceeds 75,000

ASSESSMENT YEAR 1990-91 

Upto 18000	Nil
18000 to 25000	25%
25000 to 50000	30%
50000 to 100000	40%
100000 and above	50%
Surcharge	8% if taxable income exceeds 50,000

ASSESSMENT YEAR 1986-87 to 1989-1990

Upto 18000	Nil
18000 to 25000	25%
25000 to 50000	30%
50000 to 100000	40%
100000 and above	50%
Surcharge	5% if taxable income exceeds 50,000