Changes in Income Tax Slabs for Individuals over Last Five ...

(AY 2009-10 to AY 2013-14)

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I. Individuals other than those specified in II, III, IV below

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Slab Details	Rate	2013-14	2012-13	2011-12	2010-11	2009-10
Basic Exemption Limit	Nil	2,00,000	1,80,000	1,60,000	1,60,000	1,50,000
First Slab	10%	5,00,000	5,00,000	5,00,000	3,00,000	3,00,000
Second Slab	20%	10,00,000	8,00,000	8,00,000	5,00,000	5,00,000
Third Slab	30%	Nil	Nil	Nil	Nil	Nil

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II. Resident Women Assessee other than senior or super senior citizen.

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Slab Details	Rate	2013-14	2012-13	2011-12	2010-11	2009-10
Basic Exemption Limit	Nil	NA	1,90,000	1,90,000	1,60,000	1,80,000
First Slab	10%	NA	5,00,000	5,00,000	3,00,000	3,00,000
Second Slab	20%	NA	8,00,000	8,00,000	5,00,000	5,00,000
Third Slab	30%	NA	Nil	Nil	Nil	Nil

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There is no category of Resident Women Assesse for AY 2013-14.

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III. Resident Senior Citizen

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Slab Details	Rate	2013-14	2012-13	2011-12	2010-11	2009-10
Basic Exemption Limit	Nil	2,50,000	2,50,000	2,40,000	2,40,000	2,25,000
First Slab	10%	5,00,000	5,00,000	5,00,000	3,00,000	3,00,000
Second Slab	20%	10,00,000	8,00,000	8,00,000	5,00,000	5,00,000
Third Slab	30%	Nil	Nil	Nil	Nil	Nil

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The age limit for senior citizen was decreased from 65 to 60 years w.e.f. AY 2012-13

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IV. Resident Super Senior Citizen

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Slab Details	Rate	2013-14	2012-13	2011-12	2010-11	2009-10
Basic Exemption Limit	Nil	5,00,000	5,00,000	NA	NA	NA
First Slab	20%	10,00,000	8,00,000	NA	NA	NA
Second Slab	30%	Nil	Nil	NA	NA	NA

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The category super senior citizen is applicable w.e.f. AY 2012-13.

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Additional Considerations:

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a. In addition to income tax, 2% of Educational Cess and 1% of Secondary Higher Educational cess is also payable on income tax calculated (Rounded off to nearest tens).

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b. There used to be Surcharge of 10% on income tax calculated up to AY 2009-10. It is no longer applicable.

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c. The categories of Women, Senior and Super Senior citizens are only applicable for Residents. Hence, All the non residents will fall under category I above.

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Calculation Procedure:

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Slab means the income for which the particular rate is applicable.

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The calculation is as follows:

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For example, if the income of individual is Rs. 6,50,000/-.

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Calculation	Rate	Income	Tax
Basic Exemption	?	??? 200,000	??????????? -??
First Slab	10%	??? 300,000	??? 30,000
Second Slab	20%	??? 150,000	??? 30,000
Third Slab	30%	???????????? -??	??????????? -??
?	?	??? 650,000	??? 60,000

Source: http://www.caclubindia.com/articles/changes-in-income-tax-slabs-for-individuals-over-last-five-assessment-years-15555.asp

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