\nFinancial Year<\/strong><\/td>\nMinimum Income for Tax<\/strong><\/td>\nLowest Tax Rate<\/strong><\/td>\nIncome at which Highest Tax Rate Starts<\/strong><\/td>\nHighest Tax Rate<\/strong><\/td>\nHighest Tax Including Surcharge<\/strong><\/td>\n<\/tr>\n\n1990 – 91<\/td>\n | 22,000<\/td>\n | 20%<\/td>\n | 100,000<\/td>\n | 50%<\/td>\n | 56.00%<\/td>\n<\/tr>\n | \n1991 – 92<\/td>\n | 22,000<\/td>\n | 20%<\/td>\n | 100,000<\/td>\n | 50%<\/td>\n | 56.00%<\/td>\n<\/tr>\n | \n1992 – 93<\/td>\n | 28,000<\/td>\n | 20%<\/td>\n | 100,000<\/td>\n | 40%<\/td>\n | 44.80%<\/td>\n<\/tr>\n | \n1993 – 94<\/td>\n | 30,000<\/td>\n | 20%<\/td>\n | 100,000<\/td>\n | 40%<\/td>\n | 44.80%<\/td>\n<\/tr>\n | \n1994 – 95<\/td>\n | 35,000<\/td>\n | 20%<\/td>\n | 120,000<\/td>\n | 40%<\/td>\n | 44.80%<\/td>\n<\/tr>\n | \n1995 – 96<\/td>\n | 40,000<\/td>\n | 20%<\/td>\n | 120,000<\/td>\n | 40%<\/td>\n | 40.00%<\/td>\n<\/tr>\n | \n1996 – 97<\/td>\n | 40,000<\/td>\n | 20%<\/td>\n | 120,000<\/td>\n | 40%<\/td>\n | 40.00%<\/td>\n<\/tr>\n | \n1997 – 98<\/td>\n | 40,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 30.00%<\/td>\n<\/tr>\n | \n1998 – 99<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 33.00%<\/td>\n<\/tr>\n | \n1999 – 00<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 34.50%<\/td>\n<\/tr>\n | \n2000 – 01<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 30.60%<\/td>\n<\/tr>\n | \n2001 – 02<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 31.50%<\/td>\n<\/tr>\n | \n2002 – 03<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 33.00%<\/td>\n<\/tr>\n | \n2003 – 04<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 33.60%<\/td>\n<\/tr>\n | \n2004 – 05<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 33.60%<\/td>\n<\/tr>\n | \n2005 – 06<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 33.60%<\/td>\n<\/tr>\n | \n2006 – 07<\/td>\n | 50,000<\/td>\n | 10%<\/td>\n | 150,000<\/td>\n | 30%<\/td>\n | 33.60%<\/td>\n<\/tr>\n | \n2007 – 08<\/td>\n | 110,000<\/td>\n | 10%<\/td>\n | 250,000<\/td>\n | 30%<\/td>\n | 33.90%<\/td>\n<\/tr>\n | \n2008 – 09<\/td>\n | 110,000<\/td>\n | 10%<\/td>\n | 250,000<\/td>\n | 30%<\/td>\n | 33.90%<\/td>\n<\/tr>\n | \n2009 – 10<\/td>\n | 160,000<\/td>\n | 10%<\/td>\n | 500,000<\/td>\n | 30%<\/td>\n | 33.90%<\/td>\n<\/tr>\n | \n2010 – 11<\/td>\n | 160,000<\/td>\n | 10%<\/td>\n | 500,000<\/td>\n | 30%<\/td>\n | 30.90%<\/td>\n<\/tr>\n | \n2011 – 12<\/td>\n | 180,000<\/td>\n | 10%<\/td>\n | 800,000<\/td>\n | 30%<\/td>\n | 30.90%<\/td>\n<\/tr>\n | \n2012 – 13<\/td>\n | 200,000<\/td>\n | 10%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 30.90%<\/td>\n<\/tr>\n | \n2013 – 14<\/td>\n | 200,000<\/td>\n | 10%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 33.99%<\/td>\n<\/tr>\n | \n2014 – 15<\/td>\n | 250,000<\/td>\n | 10%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 33.99%<\/td>\n<\/tr>\n | \n2015 – 16<\/td>\n | 250,000<\/td>\n | 10%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 34.61%<\/td>\n<\/tr>\n | \n2016 – 17<\/td>\n | 250,000<\/td>\n | 10%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 35.54%<\/td>\n<\/tr>\n | \n2017 – 18<\/td>\n | 250,000<\/td>\n | 5%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 35.54%<\/td>\n<\/tr>\n | \n2018 – 19<\/td>\n | 250,000<\/td>\n | 5%<\/td>\n | 1,000,000<\/td>\n | 30%<\/td>\n | 35.88%<\/td>\n<\/tr>\n | \n2019-20<\/strong><\/td>\n250,000<\/strong><\/td>\n5%<\/strong><\/td>\n1,000,000<\/strong><\/td>\n30%<\/strong><\/td>\n35.88%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\u00a0<\/div>\n The important points to note are:<\/strong><\/div>\n\n- Highest Tax Rate Including Surcharge has come down<\/strong> from 56% in FY 1990-91 to 30.9% since 2010-11 and has again gone up from FY 2013-14 (for income above Rs 1 Crore)<\/li>\n
- The exemption limit for Income Tax has also increased<\/strong>\u00a0more than 10 times from Rs. 22,000 in 1990-91 to Rs. 2.5 Lakhs in FY 2014-15<\/li>\n
- Even the lowest tax rate has gone down<\/strong> from 20% to 5%<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"
Learn about the latest Income Tax Slab for AY 2020-21 (FY 2019-20) which determines the tax you pay. Also has tax slabs for earlier years AY 2019-20.<\/p>\n","protected":false},"author":1,"featured_media":11433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[6,37,777],"tags":[2375,479,483,485,74],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab.png",1040,559,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab-300x161.png",300,161,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab-768x413.png",768,413,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab-1024x550.png",1024,550,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab.png",1040,559,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab.png",1040,559,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2019\/05\/Income-Tax-Slab.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Learn about the latest Income Tax Slab for AY 2020-21 (FY 2019-20) which determines the tax you pay. Also has tax slabs for earlier years AY 2019-20.","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11424"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=11424"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/11424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/11433"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=11424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=11424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=11424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | | | | | | | |