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Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
Last 25 years income tax rates
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Last 25 years income tax rates

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  • 1. Last 25 years Income Tax Rates for Individuals, HUF, AOP’s, BOI’s (AY 1992-93 to AY 2014-15) By Shankar Bose Inspector of Income Tax O/o the Principal Chief Commissioner of Income Tax, Odisha, Bhubaneswar
  • 2. 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
  • 3. 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
  • 4. 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 1994-95
  • 5. 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
  • 6. 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
  • 7. 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
  • 8. 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
  • 9. 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%
  • 10. 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
  • 11. 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
  • 12. 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.
  • 13. 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.
  • 14. 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
  • 15. 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
  • 16. 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% Contd….
  • 17. Income Tax Rates for Assessment Year 2006-07 • 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)
  • 18. 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% • Contd…
  • 19. Income Tax Rates for Assessment Year 2007-08 • 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)
  • 20. 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% • Contd…
  • 21. Income Tax Rates for Assessment Year 2008-09 • 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)
  • 22. 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% • Contd….
  • 23. Income Tax Rates for Assessment Year 2009-10 • 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)
  • 24. 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% • Contd…
  • 25. Income Tax Rates for Assessment Year 2010-11 • 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
  • 26. 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% • Contd….
  • 27. Income Tax Rates for Assessment Year 2011-12 • 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
  • 28. 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% • Contd…..
  • 29. Income Tax Rates for Assessment Year 2012-13 • 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
  • 30. 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% • Contd….
  • 31. Income Tax Rates for Assessment Year 2013-14 • 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
  • 32. 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% • Contd….
  • 33. Income Tax Rates for Assessment Year 2014-15 • 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 - THANKS -

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