Latest Income Tax Slab Rate for last 5 to 7 Years

Income Tax Slab Rate

The assessment an Indian pays each year is figured on the premise of his/her gross aggregate wage. The expense is ascertained by the salary charge pieces reported by the administration consistently in the Budget. The yearly union spending plan is regularly declared in the long stretch of February.Let’s check Income Tax Slab Rate for last 5 to 7 Years.

Income Tax Slab Rate for last 5 to 7 Years

Income Tax Slab Rate

 Income Tax Slab Rates for the last 7 Years are as follows:

  1. FY 2017-18 (AY 2018-19):

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 2,50,000 Up to 3,00,000 Up to 5,00,000 Nil Nil Nil
2,50,000-   5,00,000 3,00,000-   5,00,000 5% 2% 1%
5,00,000-10,00,000 5,00,000-10,00,000 5,00,000-10,00,000 20% 2% 1%
More than 10,00,000 More than 10,00,000 More than 10,00,000 30% 2% 1%

If an individual attains the age of 60 years or 80 years during the financial year, his age shall be regarded as 60/80, for that whole financial year.

If the income of the individual or HUF is more than Rs. 50 lakhs, a surcharge will be applicable as under:

Income Surcharge
Up to 50 lakhs Nil
50 lakhs to 1 crores 10%
More than 1crores 15%

Tax rebate U/S 87A of Rs. 2500 for individuals with income of up to Rs. 3.5 lakh has been proposed. The taxation liability of people with income up to Rs. 5 lakhs will be reduced to half. All the other categories of taxpayers in the subsequent slabs will also get a uniform benefit of Rs. 12500/- per tax assessee. Income Tax Slab Rate

  1. FY 2016-17 (AY 2017-18): 

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 2,50,000 Up to 3,00,000 Up to 5,00,000 Nil Nil Nil
2,50,000-   5,00,000 3,00,000-   5,00,000 10% 2% 1%
5,00,000-10,00,000 5,00,000-10,00,000 5,00,000-10,00,000 20% 2% 1%
More than 10,00,000 More than 10,00,000 More than 10,00,000 30% 2% 1%

 

  1. FY 2015-16 (AY 2016-17): 

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 2,50,000 Up to 3,00,000 Up to 5,00,000 Nil Nil Nil
2,50,000-   5,00,000  3,00,000-         5,00,000 10% 2% 1%
5,00,000-10,00,000 5,00,000-10,00,000 5,00,000-10,00,000 20% 2% 1%
More than 10,00,000 More than 10,00,000 More than 10,00,000 30% 2% 1%

 Surcharge is applicable at 12% of income tax, where total income exceeds Rs. 1 Crore.

Tax rebate of Rs. 2000 will be available for individuals having income up to Rs. 5 lakhs.

  1. FY 2014-15 (AY 2015-16):

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 2,50,000 Up to 3,00,000 Up to 5,00,000 Nil Nil Nil
2,50,000-   5,00,000 3,00,000-   5,00,000 10% 2% 1%
5,00,000-10,00,000 5,00,000-10,00,000 5,00,000-10,00,000 20% 2% 1%
More than 10,00,000 More than 10,00,000 More than 10,00,000 30% 2% 1%

 Surcharge is applicable at 10 % of income tax, of total income exceeds Rs. 1 crore.

Tax rebate of Rs. 2000 is available for individuals having income up to Rs. 5 lakhs.

Income Tax Slab Rate2015-2016

  1. FY 2013-14 (AY 2014-15): 

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 2,00,000 Up to 2,50,000 Up to 5,00,000 Nil Nil Nil
2,00,000-5,00,000 2,50,000-   5,00,000 10% 2% 1%
5,00,000-10,00,000 5,00,000-10,00,000 5,00,000-10,00,000 20% 2% 1%
More than 10,00,000 More than 10,00,000 More than 10,00,000 30% 2% 1%

 Surcharge is applicable at 10 % of income tax, of total income exceeds Rs. 1 crore.

Tax rebate of Rs. 2000 is available for individuals having income up to Rs. 5 lakhs.

  1. FY 2012-13 (AY 2013-14):

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 2,00,000 Up to 2,50,000 Up to 5,00,000 Nil Nil Nil
2,00,000-5,00,000 2,50,000-       5,00,000 10% 2% 1%
5,00,000-10,00,000 5,00,000-10,00,000 5,00,000-10,00,000 20% 2% 1%
More than 10,00,000 More than 10,00,000 More than 10,00,000 30% 2% 1%

Surcharge is applicable at 10 % of income tax, of total income exceeds Rs. 1 crore.

Tax rebate of Rs. 2000 is available for individuals having income up to Rs. 5 lakhs.

Income Tax Slab Rate 2013-2014

  1. FY 2011-12 (AY 2012-13):

Individual Tax Payers & HUF of age less than 60 years Senior Citizens of Age more than 60 years but less than 80 years Senior citizens of age 80 years or more Income Tax Rate Education cess Secondary & Higher Education cess
Up to 1,80,000 (1,90,000 for women) Up to 2,50,000 Up to 5,00,000 Nil Nil Nil
1,80,000-5,00,000 (1,90,000-5,00,000 for women) 2,50,000-5,00,000 10% 2% 1%
5,00,000-8,00,000 5,00,000-8,00,000 5,00,000-8,00,000 20% 2% 1%
More than 8,00,000 More than 8,00,000 More than 8,00,000 30% 2% 1%

There is no surcharge on income tax for individual taxpayers during FY 2011-12.

Income Tax Slab Rate 2012-2013

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