Last 25 years Income Tax Rates for Individuals, HUF, AOP’s, BOI’s (AY 1992-93 to AY 2014-15)

Post Visitors : 4353

March 29, 2013 | GENERAL REPORTS/TOPICS, SERVICES | Post by: admin

Income Tax Rates for Assessment Year 1992-93

 

Income Slab (Rs.)

Tax Rate

0 – 22,000

0%

22,001 – 30,000

20%

30,001 – 50,000

30%

50,001 – 1,00,000

40%

1,00,001 and above

50%

 

Surcharge: 12% Surcharge if taxable income exceeds Rs. 75,000

 

Income Tax Rates for Assessment Year 1993-94

 

Income Slab (Rs.)

Tax Rate

0 – 28,000

0%

28,001 – 50,000

20%

50,001 – 1,00,000

30%

1,00,001 and above

40%

 

Surcharge: 12% Surcharge if taxable income exceeds Rs. 1,00,000

 

Income Tax Rates for Assessment Year 1994-95

 

Income Slab (Rs.)

Tax Rate

0 – 30,000

0%

30,001 – 50,000

20%

50,001 – 1,00,000

30%

1,00,001 and above

40%

 

Surcharge: 12% if taxable income exceeds Rs. 1,00,000

 

Income Tax Rates for Assessment Year 1995-96

 

Income Slab (Rs.)

Tax Rate

0 – 35,000

0%

35,001 – 60,000

20%

60,001 – 1,20,000

30%

1,20,001 and above

40%

 

Surcharge: No Surcharge

 

Income Tax Rates for Assessment Year 1996-97

 

Income Slab (Rs.)

Tax Rate

0 – 40,000

0%

40,001 – 60,000

20%

60,001 – 1,20,000

30%

1,20,001 and above

40%

 

Surcharge: No Surcharge

 

Income Tax Rates for Assessment Year 1997-98

 

Income Slab (Rs.)

Tax Rate

0 – 40,000

0%

40,001 – 60,000

15%

60,001 – 1,20,000

30%

1,20,001 and above

50%

 

Surcharge: No Surcharge

 

Income Tax Rates for Assessment Year 1998-99

 

Income Slab (Rs.)

Tax Rate

0 – 40,000

0%

40,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: No Surcharge

 

Income Tax Rates for Assessment Year 1999-2000

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

 

Income Tax Rates for Assessment Year 2000-01

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: 10% if the taxable income exceeds Rs.60,000

 

Income Tax Rates for Assessment Year 2001-02

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: 10% if the taxable income exceeds Rs. 60,000 but below Rs. 1,50,000 and 15% if the taxable income exceeds Rs. 1,50,000

Income Tax Rates for Assessment Year 2002-03

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: 2% for the gross income exceeding Rs. 60,000.

 

Income Tax Rates for Assessment Year 2003-04

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: 5% for the gross income exceeding Rs. 60,000.

 

Income Tax Rates for Assessment Year 2004-05

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: 10% if the total taxable income exceeds Rs. 8,50,000

 

Income Tax Rates for Assessment Year 2005-06

 

Income Slab (Rs.)

Tax Rate

0 – 50,000

0%

50,001 – 60,000

10%

60,001 – 1,50,000

20%

1,50,001 and above

30%

 

Surcharge: 10% if the total taxable income exceeds Rs. 8,50,000

Education Cess: 2% on Income Tax plus Surcharge

 

 

 

 

Income Tax Rates for Assessment Year 2006-07

 

RESIDENT SENIOR CITIZENS ABOVE 60 YEARS (SENIOR CITIZENS)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,85,000

0%

1,85,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

RESIDENT WOMEN BELOW 60 YEARS (FEMALE INDIVIDUALS)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,35,000

0%

1,35,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

ALL OTHERS (MALE INDIVIDUALS, NRIS ETC.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,00,000

0%

1,00,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

Surcharge @ 10% on Income Tax, if Taxable Income exceeds Rs. 10,00,000

Education Cess @ 2% (on Income Tax & Surcharge)

Income Tax Rates for Assessment Year 2007-08

 

RESIDENT SENIOR CITIZENS ABOVE 60 YEARS (SENIOR CITIZENS)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,85,000

0%

1,85,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,35,000

0%

1,35,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,00,000

0%

1,00,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

Surcharge @ 10% on Income Tax, if Taxable Income exceeds Rs. 10,00,000

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% (on Income Tax & Surcharge)

 

 

 

 

Income Tax Rates for Assessment Year 2008-09

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,95,000

0%

1,95,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,45,000

0%

1,45,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,10,000

0%

1,10,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

Surcharge @ 10% on Income Tax, if Taxable Income exceeds Rs. 10,00,000

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% (on Income Tax & Surcharge)

 

Income Tax Rates for Assessment Year 2009-10

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,25,000

0%

2,25,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,80,000

0%

1,80,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,50,000

0%

1,50,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

Surcharge @ 10% on Income Tax, if Taxable Income exceeds Rs. 10,00,000

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% (on Income Tax & Surcharge)

 

Income Tax Rates for Assessment Year 2010-11

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,40,000

0%

2,40,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,90,000

0%

1,90,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,60,000

0%

1,60,001 – 3,00,000

10%

3,00,001 – 5,00,000

20%

5,00,000 and above

30%

Surcharge: No Surcharge

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% on Tax Payable

 

Income Tax Rates for Assessment Year 2011-12

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,40,000

0%

2,40,001 – 5,00,000

10%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,90,000

0%

1,90,001 – 5,00,000

10%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,60,000

0%

1,60,001 – 5,00,000

10%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

Surcharge: No Surcharge

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% on Tax Payable

 

Income Tax Rates for Assessment Year 2012-13

 

Resident Senior Citizens above 80 years (Super Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 5,00,000

0%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,50,000

0%

2,50,001 – 5,00,000

10%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,90,000

0%

1,90,001 – 5,00,000

10%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 1,80,000

0%

1,80,001 – 5,00,000

10%

5,00,001 – 8,00,000

20%

8,00,000 and above

30%

Surcharge: No Surcharge

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% on Tax Payable

 

Income Tax Rates for Assessment Year 2013-14

 

Resident Senior Citizens above 80 years (Super Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 5,00,000

0%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,50,000

0%

2,50,001 – 5,00,000

10%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,00,000

0%

2,00,001 – 5,00,000

10%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,00,000

0%

2,00,001 – 5,00,000

10%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

Surcharge: No Surcharge

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% on Tax Payable

 

Income Tax Rates for Assessment Year 2014-15

 

Resident Senior Citizens above 80 years (Super Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 5,00,000

0%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

 

Resident Senior Citizens above 60 years (Senior Citizens)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,50,000

0%

2,50,001 – 5,00,000

10%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

 

Resident Women below 60 years (Female Individuals)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,00,000

0%

2,00,001 – 5,00,000

10%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

 

All Others (Male Individuals, NRIs etc.,)

 

Taxable Income Slab (Rs.)

Tax %

0 – 2,00,000

0%

2,00,001 – 5,00,000

10%

5,00,001 – 10,00,000

20%

10,00,000 and above

30%

Surcharge @ 10% on Income Tax, if Taxable Income exceeds Rs. 1,00,00,000

Education Cess @ 2% and Secondary & Higher Education Cess @ 1% on Tax Payable

Tax Credit of Rs. 2,000 to every person whose total income is upto Rs. 5,00,000

 

facebooktwittergoogle_plusredditlinkedinmailby feather

2 comments on “Last 25 years Income Tax Rates for Individuals, HUF, AOP’s, BOI’s (AY 1992-93 to AY 2014-15)

  1. mishangarg on said:

    GREAT EFFORTS INDEED. SOME THING MORE IS REQUIRED. DETAILS OF EXEMPTIONS REBATES u/s 80 c/ 88 ETC.

  2. PARDEEP on said:

    HOW GREAT, IF REBATES ARE ALSO MENTIONED ON THE SAME EASY TO USE & A BIG HELP FOR CALCULATIONS




Leave a Reply