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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:

Indian Income Tax rates over years

Indian Income Tax rates over years

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
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