{"id":1651,"date":"2020-02-01T09:00:41","date_gmt":"2020-02-01T03:30:41","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=1651"},"modified":"2020-02-01T09:21:03","modified_gmt":"2020-02-01T03:51:03","slug":"income-tax-slabs-history-in-india","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/income-tax-slabs-history-in-india\/","title":{"rendered":"Income Tax Slabs History in India"},"content":{"rendered":"

We all hate paying taxes, but like death taxes too are unavoidable! You may not know this but not very long ago (FY 1991-92) the minimum tax rate in India was 20% and the maximum 56%.<\/strong> So if you were in highest tax slab, you would more than half of your income to government, giving great incentive for not<\/strong> complying with tax laws and not to earn more!<\/p>\n

Thankfully taxes have been bit rationalized, Now the high earners only need to pay one-third of their income as taxes (still high but seems low when compared historically<\/em>)!<\/p>\n

Below is the table showing the following since FY 1990-91<\/strong>:<\/p>\n