Income Tax Slab of Last 20 Years From AY ‘2001–2002’ to AY ‘2020–2021’.

tax slab

Understanding Income Tax Slab before calculation and assessment of tax is very important for tax expert as well as a common man.

Let’s begin with the bottom:

Income Tax Slabs for A.Y. (2001-02)

Income Tax Slabs for A.Y. (2002-03)

Also, Read Mistake rectification under section 154 of income tax act.

Income Tax Slabs for A.Y. (2003-04)

Income Tax Slabs for A.Y. (2004-05)

Income Tax Slabs for A.Y. (2005-06)

Also Read: Awesome! (5) Easy Ways to “E-verify” Your Income Tax Return.

Income Tax Slabs for A.Y. (2006-07) & A.Y. (2007-08)

From AY 2006-07, tax slab is bifurcated according to men, women & senior citizen.

Tax slab for Men up to 65 years of age.

Tax slab for Women up to 65 years of age.

Tax slab for Senior Citizen aged above 65 years.

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Income Tax Slabs for A.Y. (2008-09)

Tax slab for Men up to 65 years of age.

Tax slab for Women up to 65 years of age.

Tax slab for Senior Citizen aged above 65 years.

Income Tax Slabs for A.Y. (2009-10)

Tax slab for Men up to 65 years of age.

Tax slab for Women up to 65 years of age.

Tax slab for Senior Citizen aged above 65 years.

Also Read: Best Credit Cards against Fixed Deposit in India – Highlights & Discussion

Income Tax Slabs for A.Y. (2010-11)

Tax slab for Men up to 65 years of age.

Tax slab for Women up to 65 years of age.

Tax slab for Senior Citizen aged above 65 years.

Income Tax Slabs for A.Y. (2011-12)

Tax slab for Men up to 65 years of age.

Tax slab for Women up to 65 years of age.

Tax slab for Senior Citizen aged above 65 years.

Also Read: How to save money each month – 32 Unique Ideas

Income Tax Slabs for A.Y. (2012-13)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2013-14)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2014-15)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2015-16)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2016-17)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2017-18)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Also Read: Best money saving idea for salaried employee

Income Tax Slabs for A.Y. (2018-19)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2019-20)

Tax slab for Men up to 60 years of age.

Tax slab for Women up to 60 years of age.

Tax slab for Senior Citizen aged above 60 years.

Income Tax Slabs for A.Y. (2020-21) FY – (2019-20)

In addition to the above details, the taxpayer also gets the rebate under section 87A, which is also changed frequently.

Refer table below:

According to the above information, you can see the change in taxable income, which is changed by ₹ 50,000 to ₹ 5,00,000 (1000 % change).

Change of taxable income

This percentage clearly shows the change of Income an individual holds in their pocket.

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