What is the Income Tax Slab for Women in India (2023)?

India has never stepped back when it comes to women’s empowerment. Indian women have always been courageous enough to fight the ancient societal norms and pave their way in the country to become successful.

Therefore, the Indian government has always taken important steps to ensure that the women of this country are treated equally and empowered throughout the years.

One such empowering step taken by the Indian Government is that it has dismissed all the special income tax exemptions that were granted to women in the past.

Today, there is no special tax exemption for women-diminishing the fact of women being different than men. Women pay the same tax as men do, and the only difference that lies in tax payment is their income and age.

This step offers women similar monetary benefits and allows them to avail themselves of all kinds of concessions along with tax benefits in the long term.

Some of these benefits are receiving low interest on home loans, property tax benefits, and creating subsidies for the house.

ncome Tax Slab for Women

Women used to have a higher tax exemption limit in the past that allowed them to pay less tax than men.

However, this system was abolished by the Indian Government and a common income tax slab was introduced for both, men and women in the year 2012-2013.

Today, there is no separate tax exemption for women. Women pay the same amount of tax that men do in the country.

However, the only difference in the tax exemption lies in income and age. For example, if your income increases, your tax also increases.

Income tax slabs for the taxpayers are decided on two criteria, that is their income and age. Based on this, there are three types of tax slabs introduced for women:

  • Individuals (below 60 years of age)- This  includes both resident and non-resident Indians
  • Resident senior citizens – Individuals over 60 years but below 80 years of age)
  • Resident super senior citizens – Individuals over the age of 80 years and above)

Some of the basic details regarding the income tax slabs for women are given below:

Income tax slab for women in India (below 60 years of age)

Taxable Income Range – Income Tax Rate:

  • Up to Rs. 2,50,000 – Nil
  • 2,50,001- Rs. 5,00,000 – 5%
  • 5,00,001- Rs. 10,00,000 – 20%
  • Above Rs. 10,00,000 – 30%

Income tax slab for women 2019-20 India (For Senior Citizens- 60 years or more but below 80 years).

Taxable Income Range – Income Tax Rate:

  • Up to Rs. 3,00,000 – Nil
  • 3,00,001 – Rs. 5,00,000 – 5%
  • 5,00,001- Rs. 10,00,000 – 20%
  • Above Rs. 10,00,000 – 30%

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