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ITR

What is the Income Tax Slab for Women in India?

Overview:

The Government of India has been taking important steps to empower women over the years. One such step is to provide some economic benefits and concessions to women. These include stamp duty concession, property tax exemption, loan subsidy for home, reduction in interest rate on home loan, etc. Till the financial year 2011-12, separate income tax slabs were in operation for both men and women. As per the tax slab for women in India, women were allowed a higher basic exemption limit while paying income tax. Therefore, women had to pay slightly less income tax than men. However, from the financial year 2012-13, the government has abandoned this system and introduced common income tax slabs for both women and men. Nowadays, there is no separate income tax slab for women and women do not enjoy any specific income tax exemption as such.

Benefits and Exemptions for Women Taxpayers in India

  • Income Tax Slab for Women (Below Age of 60 Years) as per Old Tax Regime FY 2022-23 (AY 2023-24)
Income Slab Tax Rate
Up to ₹2.5 lakh Nil
₹2.5 lakh – ₹5 lakh 5%
₹5 lakh – ₹7.5 lakh 20%
₹7.5 lakh – ₹10 lakh 20%
₹10 lakh – ₹12.5 lakh 30%
₹12.5 lakh – ₹15 lakh 30%
Above ₹15 lakh 30%
  • Income Tax Slab for Women (Age of 60 – 80 Years) as per Old Tax Regime FY 2022-23 (AY 2023-24)
Income Slab Tax Rate
Up to ₹3 lakh Nil
₹3 lakh – ₹5 lakh 5%
₹5 lakh – ₹7.5 lakh 20%
₹7.5 lakh – ₹10 lakh 20%
₹10 lakh – ₹12.5 lakh 30%
₹12.5 lakh – ₹15 lakh 30%
Above ₹15 lakh 30%
  • Income Tax Slab for Women (Age 80 Years & Above) as per Old Tax Regime FY 2022-23 (AY 2023-24)

Income Slab

Tax Rate

Up to ₹5 lakh Nil
₹5 lakh – ₹10 lakh 20%
₹10 lakh – ₹12.5 lakh 30%
₹12.5 lakh – ₹15 lakh 30%
Above ₹15 lakh 30%

Navigate tax complexities effortlessly – Trust our Tax Calculator India for accurate projections.

Tax Slab for Women in 2019-20

Tax rates are applicable for a taxpayer based on his age and income in the income tax slab. Three categories have been defined for individual taxpayers-

  • Individual (below 60 years of age) – This includes both resident and non-resident Indians. 
  • Resident Senior Citizen – Person above 60 years of age (below 80 years)
  • Resident Super Senior Citizen – Individuals aged 80 years and above)

Here, we will show the different income tax slabs for women applicable for FY 2019-20 in all the above categories-

Income Tax Slab for Women in India (Below 60 Years)

Taxable Income Range  Income Tax Rate
up to 2,50,000 Zero
2,50,001 to 5,00,000  5%
5,00,001 to 10,00,000  20%
above 10,00,000 25%

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Income Tax Slab for Women 2019-20 India

(For Senior Citizens – 60 years or more but less than 80 years at any time during the previous year)

Taxable Income Range  Income Tax Rate
up to 3,00,000 Zero
3,00,001 to 5,00,000  5%
5,00,001 to 10,00,000  20%
above 10,00,000 30%

Income Tax Slab for Women

(For Super Senior Citizens – 80 years or more at any time during the previous year)

Taxable Income Range ( ) Income Tax Rate
up to 5,00,000 Zero
5,00,001 to 10,00,000  20%
10,00,000 above   30%

Please Pay Attention

  1. All individual taxpayers in the categories mentioned above will be charged an additional 4% as health and education tax. This will be applicable on the total taxable amount payable.
  2. Individuals with net taxable income up to Rs 5 lakh can get the benefit of standard deduction of Rs 12,500 as per section 87A.

Income Tax Slab for Companies for 2019-20

The income tax slab for domestic companies is given below-

Business Specific Tax Rate
Total turnover up to Rs 400 crore in FY 2017-18 25%
Total turnover crossed Rs 400 crore in FY 2017-18 30%
If the company opts for section 115BA 25%
If the company opts for section 115BA 22%
If the company opts for section 115BB 15%

FAQs

Are tax slabs different for women?

Yes, the income tax slabs are slightly different for women. Women taxpayers below the age of 60 years can avail an additional deduction of ₹2.5 lakh. This means that women taxpayers below the age of 60 years are not required to pay any income tax on an income of up to ₹5 lakh.

How much income is tax-free for a housewife?

A housewife is a resident individual who is not employed and does not have any other source of income except for the income received from her husband. The income received by a housewife from her husband is treated as her clubbed income and is taxed accordingly. The income tax exemption limit for women taxpayers below the age of 60 years is ₹5 lakh. Therefore, a housewife will not be required to pay any income tax on any income received from her husband up to ₹5 lakh.

Is income up to 5 lakhs tax-free?

The income tax exemption limit for individual taxpayers below the age of 60 years is ₹3 lakh. However, women taxpayers below the age of 60 years are entitled to an additional deduction of ₹2.5 lakh. Therefore, the income tax exemption limit for women taxpayers below the age of 60 years is ₹5.5 lakh.

Who is in the 30% tax slab?

The 30% income tax slab is for individual taxpayers with an income between ₹15 lakh and ₹20 lakh. However, women taxpayers below the age of 60 years are entitled to an additional deduction of ₹2.5 lakh. Therefore, the 30% income tax slab for women taxpayers below the age of 60 years is for an income between ₹17.5 lakh and ₹20 lakh.

How is housewife income tax calculated?

The income tax for a housewife is calculated by clubbing her income with the income of her husband. The clubbed income is then taxed according to the applicable income tax slabs and rates.

How do I file a zero ITR?

To file a zero ITR, you need to have an income below the basic exemption limit. The basic exemption limit for individual taxpayers below the age of 60 years is ₹3 lakh. However, women taxpayers below the age of 60 years are entitled to an additional deduction of ₹2.5 lakh. Therefore, the basic exemption limit for women taxpayers below the age of 60 years is ₹5.5 lakh. If your income is below ₹5.5 lakh, you can file a zero ITR. To file a zero ITR, you need to visit the Income Tax Department website and log into your account. Once you are logged in, click on the 'e-File' tab and select the 'Income Tax Return' option. Then, select the 'Form ITR-1' option and click on the 'Continue' button. On the Form ITR-1, you need to fill in your personal details, income details, and deduction details. Once you have filled in all the required details, click on the 'Submit' button.

Can I pay my wife to avoid tax?

Yes, you can pay your wife to avoid tax. However, the payment must be genuine and must be made for a bona fide purpose. The payment should not be made with the sole intention of avoiding tax. If the Income Tax Department finds that the payment made to your wife is not genuine or is not made for a bona fide purpose, the payment may be treated as your income, and you will be taxed accordingly.

How much tax do I pay on 70000 salary?

The amount of income tax you pay on a salary of ₹70,000 will depend on your income tax slab and any deductions and exemptions you are eligible for. If you are a woman taxpayer below the age of 60 years and you do not have any other source of income, you will not be required to pay any income tax on a salary of ₹70,000. This is because the income tax exemption limit for women taxpayers below the age of 60 years is ₹5.5 lakh.


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