Every Indian citizen is required to pay tax if the income earned is over a certain amount. India follows a progressive tax system, which means that citizens earning a higher income pay a higher percentage of their income as tax. The income tax rules are governed by The Income Tax Act, 1961. Taxpayers must follow these rules to ensure timely and correct payment of tax without errors or delays.

Are Income Tax Slabs Different for Males and Females?

In India, the income tax slab for women is the same as for men. The tax system is based on the principle of equality, and hence, all taxpayers are treated equally, irrespective of their gender. Tax rate is applicable basis the income level of the taxpayer and the same rates apply to both men and women. This also means that the deductions and exemptions are the same for women and men. However, the income tax slabs may differ basis the age of the taxpayer.

Income Tax Slabs for Women Below 60 Years (FY 2023-24)

There are two tax regimes in India – old tax regime and new tax regime. Taxpayers can select any regime based on their preference. Below are the tax rates for each regime:

Old tax regime

New tax regime

Income Tax Slabs for Women Between 60-80 Years (FY 2023-24)

Old tax regime

New tax regime

Income tax slab for super senior citizens (Women Above 80 Years) (FY 2023-24)

Old tax regime

New tax regime

Additional Surcharge for Women under Old Regime

Women taxpayers, just like men, have to pay an additional surcharge if they are earning above some specified limits, as explained below: