Income Tax Slabs

Income Tax Slabs for filing tax return for Individuals and HUF’s. These rates are applicable for filing tax return for all Individuals i.e.- salaried, Business and Professionals. Below are Income tax rates for last 6 years.

Income Tax Rates for Assessment year 2017-2018 (Previous year 2016-17)
Income Tax Rates for Assessment year 2016-2017 (Previous year 2015-16)
Income Tax Rates for Assessment year 2015-2016 (Previous year 2014-15)
Income Tax Rates for Assessment year 2014-2015 (Previous year 2013-14)
Income Tax Rates for Assessment year 2013-2014 (Previous year 2012-13)
Income Tax Rates for Assessment year 2012-2013 (Previous year 2011-12)

Income Tax Rates/Slab for Assessment Year 2017-18 (Previous Year 2016-17)
(Income tax rates for financial year 2014-15 and 2015-2016 are same, there is no change in tax rates)
Rates/ %age
Up to 2,50,000
Up to 2,50,000 (for women)
Up to 3,00,000 (for resident individual of 60 years till 80 years)
Nil
250,001 – 5,00,000

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10%

Nil

5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 15% is Income tax payable on Individuals whose taxable income is above Rs 1 crore
Education Cess: 3% of the total of Income-tax and Surcharge.

 

Income Tax Rates/Slab for Assessment Year 2016-17 (Previous Year 2015-16)
(Income tax rates for financial year 2014-15 and 2015-2016 are same, there is no change in tax rates)
Rates/ %age
Up to 2,50,000
Up to 2,50,000 (for women)
Up to 3,00,000 (for resident individual of 60 years till 80 years)
Nil
250,001 – 5,00,000

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10%

Nil

5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore
Education Cess: 3% of the total of Income-tax and Surcharge.
Income Tax Rates/Slab for Assessment Year 2015-16 (Previous Year 2014-15)  Rates/ %age
Up to 2,50,000
Up to 2,50,000 (for women)
Up to 3,00,000 (for resident individual of 60 years till 80 years)
Nil
250,001 – 5,00,000

Up to 500,000 (for resident individual of 80 years and above, Tax is nil)

10%

Nil

5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 12% is Income tax payable on Individuals whose taxable income is above Rs 1 crore
Education Cess: 3% of the total of Income-tax and Surcharge.

Download Income tax Calculator Ay 2015-2016

Income Tax Rates/Slab for Assessment Year 2014-15 (Previous Year 2013-14) (Income tax rates for year 2013-14 and 2012-2013 are same, there is no change in tax slab) Rates/ %age
Up to 2,00,000
Up to 2,00,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
200,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) 10%Nil
5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Tax rebate of Rs 2000/- to Resident Individuals whose Total Income is less than Rs 5,00,000/-Surcharge: is 10% is Income tax payable on Individuals whose taxable income is above Rs 1 crore
Education Cess: 3% of the total of Income-tax and Surcharge.
Income Tax Rates/Slab for Assessment Year 2013-14(Previous Year 2012-13) Rates/ %age
Up to 2,00,000
Up to 2,00,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
200,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) 10%Nil
5,00,001 – 10,00,000 20%
10,00,001 upwards 30%
Education Cess: 3% of the total of Income-tax and Surcharge.
Income Tax Rates/Slab for Assessment Year 2012-13 (Previous Year 2011-12) Rates/ %age
Up to 1,80,000
Up to 1,90,000 (for women)
Up to 2,50,000 (for resident individual of 60 years till 80 years)
Nil
180,001 – 5,00,000Up to 500,000 (for resident individual of 80 years and above, Tax is nil) 10%Nil
5,00,001 – 8,00,000 20%
8,00,001 upwards 30%
Education Cess: 3% of the total of Income-tax and Surcharge.

6 Responses to Income Tax Slabs

  1. samikshaverma says:

    A very good shown about different Income Tax Slab for different year. Every year rates has been changed and people gets an idea to compare rates with previous year. This information is helpful because it’s clearly mention how rates has been differed from previous year. Thanks for sharing such information.

  2. manisha says:

    It is very useful for us to know the latest information about the slab rates.This information is very useful that you have compared present year tax slab with previous year tax salb. We are thank full yo you.

  3. Shyam Kansara says:

    Its really very usefull for Calculate to Income Tax , We can calculate Tax ourselves, no need to go at CA office !!

  4. amol says:

    It helps people to know about income tax policies

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