Income Tax Slab for Women

Women in India receive income tax exemptions based on their age and income, offering financial benefits. For women under 60 years , income up to ₹2,50,000 is tax-free under the old tax regime, while senior citizens benefit from a higher limit of ₹3,00,000. Understanding these tax slabs is essential for better financial planning and maximizing tax savings to help women achieve their financial goals effectively.

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Do Men and Women Have Different Income Tax Rates in India?

Earlier, women had a higher basic income tax exemption limit. However, this benefit was removed after the Financial Year 2012-13.

Currently, women do not receive special income tax exemptions. However, they enjoy other financial benefits, such as:

Lower home loan interest rates
Property tax rebates
Stamp duty concessions on property registration

NOTE: To optimize tax savings, women can use an income tax calculator to compare deductions and benefits under the old and new tax regimes effectively.

Various Categories under Income Tax:

Income tax rates and deductions are now the same for both men and women. However, taxpayers are divided into these categories based on age and residency:

Individuals: Residents below 60 years and non-residents.
Senior Citizens: People aged 60–80 years.
Super Senior Citizens: People above 80 years.

Details for Income Tax Slab for Women for FY 2024-25 (AY 2025-26)

Income Tax Slabs for Women Below 60 Years - FY 2024-25 (AY 2025-26)

Income Slabs (₹)	Old Regime (Age < 60 years & NRIs)	New Regime (FY 2024-25)
Up to ₹2,50,000	NIL	NIL
₹2,50,001 - ₹3,00,000	5%	NIL
₹3,00,001 - ₹5,00,000	5%	5%
₹5,00,001 - ₹6,00,000	20%	5%
₹6,00,001 - ₹7,00,000	20%	5%
₹7,00,001 - ₹7,50,000	20%	10%
₹7,50,001 - ₹9,00,000	20%	10%
₹9,00,001 - ₹10,00,000	20%	10%
₹10,00,001 - ₹12,00,000	30%	15%
₹12,00,001 - ₹12,50,000	30%	20%
₹12,50,001 - ₹15,00,000	30%	20%
₹15,00,001 and above	30%	30%

Income Tax Slab for Women Between 60-80 Years - FY 2024-25 (AY 2025-26)

Income Slabs (₹)	Old Regime (Age 60-80 years)	New Regime (FY 2024-25)
Up to ₹2,50,000	NIL	NIL
₹2,50,001 - ₹3,00,000	NIL	NIL
₹3,00,001 - ₹5,00,000	5%	5%
₹5,00,001 - ₹6,00,000	20%	5%
₹6,00,001 - ₹7,00,000	20%	5%
₹7,00,001 - ₹7,50,000	20%	10%
₹7,50,001 - ₹9,00,000	20%	10%
₹9,00,001 - ₹10,00,000	20%	10%
₹10,00,001 - ₹12,00,000	30%	15%
₹12,00,001 - ₹12,50,000	30%	20%
₹12,50,001 - ₹15,00,000	30%	20%
₹15,00,001 and above	30%	30%

Income Tax Slab for Women Above 80 Years FY 2024-25 (AY 2025-26)

Income Slabs (₹)	Old Regime (Age > 80 years)	New Regime (FY 2024-25)
Up to ₹2,50,000	NIL	NIL
₹2,50,001 - ₹3,00,000	NIL	NIL
₹3,00,001 - ₹5,00,000	NIL	5%
₹5,00,001 - ₹6,00,000	20%	5%
₹6,00,001 - ₹7,00,000	20%	5%
₹7,00,001 - ₹7,50,000	20%	10%
₹7,50,001 - ₹9,00,000	20%	10%
₹9,00,001 - ₹10,00,000	20%	10%
₹10,00,001 - ₹12,00,000	30%	15%
₹12,00,001 - ₹12,50,000	30%	20%
₹12,50,001 - ₹15,00,000	30%	20%
₹15,00,001 and above	30%	30%

Cess and Surcharge Rates for Women - New vs. Old Tax Regime

As of the 2024-25 fiscal year, the Health and Education Cess and Surcharge rates applicable to individual taxpayers in India are as follows:

Category	New Tax Regime	Old Tax Regime
Health & Education Cess	4% of income tax (after surcharge)	4% of income tax (after surcharge)

Surcharge Reduction in New Tax Regime:

The highest surcharge rate has been reduced from 37% to 25% for individuals with income above ₹5 crore under the new tax regime.

Annual Taxable Income	Old Tax Regime for FY 2024-25	New Tax Regime for FY 2024-25
Annual Taxable Income	Additional Surcharge Rate (in % p.a.)	Additional Surcharge Rate (in % p.a.)
Above Rs. 50 lakhs – Rs. 1 crore	10%	10%
Above Rs. 1 crore – Rs. 2 crores	15%	15%
Above Rs. 2 crores – Rs. 5 crores	25%	25%
Above Rs. 5 crores	37%	25%

Standard Deduction for Women

The standard deduction for salaried individuals under the new tax regime has been increased to ₹75,000.
₹50,000 deduction is available under the old tax regime.

Family Pension Deduction for Women

Women receiving a family pension can claim a higher deduction of ₹25,000 under the new tax regime.
The deduction under old tax regime is limited to ₹15,000 or 1/3rd of the pension amount, whichever is lower.

Income Tax Rebate for Women

As of the financial year 2024-25 (Assessment Year 2025-26), the income tax structure in India does not differentiate based on gender. Hence, there are no specific rebates exclusively for women.

Tax slabs and benefits are determined by age and the chosen tax regime.
Under Section 87A, individual taxpayers, including women, are eligible to avail of full tax rebates on a certain limit of income for both old and new tax regimes.

Income Tax Slabs and Rebates for FY 2024-25 (AY 2025-26):

Age Group	Old Tax Regime	New Tax Regime
Below 60 Years	- Basic Exemption Limit: ₹2,50,000 - Rebate under Section 87A: Available for taxable income up to ₹5,00,000; rebate amount up to ₹12,500.	- Basic Exemption Limit: ₹3,00,000 - Rebate under Section 87A: Available for taxable income up to ₹7,00,000; rebate amount up to ₹25,000.
Senior Citizens (60-80 years)	- Basic Exemption Limit: ₹3,00,000 - Rebate under Section 87A: Available for taxable income up to ₹5,00,000; rebate amount up to ₹12,500.	- Basic Exemption Limit: ₹3,00,000 - Rebate under Section 87A: Available for taxable income up to ₹7,00,000; rebate amount up to ₹25,000.
Super Senior Citizens (80+ years)	- Basic Exemption Limit: ₹5,00,000 - Rebate under Section 87A: Not applicable as income up to ₹5,00,000 is already exempt.	- Basic Exemption Limit: ₹3,00,000 - Rebate under Section 87A: Available for taxable income up to ₹7,00,000; rebate amount up to ₹25,000.

Old and New Tax Regime for Women

The new tax regime is now the default option from FY 2023-24.
Women taxpayers who wish to continue using the old regime must submit Form 10-IEA along with their income tax return before the due date.
Individuals can switch between the two regimes every financial year to evaluate which option offers better tax benefits.

Calculation of Taxable Income for Women

The taxable income of women taxpayers is calculated based on the following types of income:

Salaried Income: Add up all income from salary, including basic pay, HRA, and allowances. From this, deduct ₹75,000 as the standard deduction and any professional tax paid to find the taxable income.
Income from Business and Profession: Calculate total income earned from business or profession and subtract any business expenses like rent, salaries, and utilities to find the taxable income from your profession.
Income from House Property: If you rent out a property, deduct 30% of the annual rental income and the interest on your home loan (up to ₹2 lakh for self-occupied property) to determine the taxable income.
Income from Capital Gains: Short-term capital gains are taxed as per the applicable tax slabs. For long-term capital gains, the tax rate is 10% for amounts over ₹1 lakh or 20% with indexation. You can claim exemptions under Sections 54, 54EC, or 54F for reinvestments.
Income from Other Sources: Include income like interest from Fixed Deposits and savings accounts, and dividends. You can claim a deduction of ₹10,000 for interest earned from savings accounts under Section 80TTA. The remaining income is taxed as per the applicable tax slabs.

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Income Tax Exemptions for Women Taxpayers in India Under Old and New Tax Regime

Take a look at the income tax exemptions and deductions under the old tax regime that women taxpayers in India can avail of:

Tax Section	Benefit	Details
Section 80TTB	Deduction for senior citizens on interest income	Up to ₹50,000 on interest from savings accounts, post office, and banks for senior citizens.
Section 10(5)	Employment/Professional Tax	Tax benefit for taxes paid on employment or professional services.
Section 10(13A)	House Rent Allowance (HRA)	Deduction for rent paid, based on income and employer's conditions.
Free Food & Beverages	Exemption for food & beverage vouchers/food coupons	Exempt based on employer policy and voucher limits.
Chapter VIA	Deductions for various investments (PPF, LIC, NPS, etc.)	Up to ₹1.5 Lakhs for investments like PPF, LIC, NPS, ELSS, etc.
Section 80CCD(1)	Employee’s NPS contribution	Max. ₹1.5 Lakhs for employee’s contribution to NPS.
Section 80CCD(2)	Employer’s NPS contribution	Max. 10% of salary contributed by the employer to NPS.
Section 80CCD(1B)	Additional NPS contribution	Up to ₹50,000 for extra contribution to NPS.
Section 80D	Medical Insurance Premium (Self, Family, Parents)	₹25,000 for self/family, ₹50,000 for senior parents.
Section 80C	Investments in PPF, NSC, LIC, Home Loan, Tuition Fees, etc.	₹1.5 Lakhs for investments in PPF, NSC, LIC, tuition fees, and more.
Section 80CCC	Pension fund contributions (LIC or other insurers)	₹1.5 Lakhs, combined with 80C for pension fund contributions.
Section 80GG	Rent paid when HRA is not received	Least of: Rent paid - 10% of income, ₹5,000/month, or 25% of total income.
Section 80E	Interest on education loan	No limit for up to 8 years of interest payments on education loan.
Section 80EE	Interest on home loan for first-time homebuyers	₹50,000 for home loan interest for first-time buyers.
Section 80DDB	Medical treatment for specified diseases (self or dependent)	₹40,000 (below 60), ₹1 Lakh (above 60) for medical treatment of certain diseases.
Section 80DD	Medical treatment for handicapped dependent or specified scheme for maintenance	₹75,000 (40%+ disability), ₹1.25 Lakh (80%+ disability).
Section 80U	Disability-related deductions for self	₹75,000 (disability), ₹1.25 Lakh (severe disability).
Section 80GGB	Corporate donations to political parties	Allowed if not paid in cash.
Section 80GGC	Individual donations to political parties	Allowed if not paid in cash.
Section 80RRB	Deduction on income from royalties of patents	Max. ₹3 Lakh or income received, whichever is lower.
Transport Allowances	Allowance for persons with disabilities	Exempt under specified limits for transportation costs.
Conveyance Allowance	Exemption for conveyance allowance	Exempt under employer’s rules and actuals.
Tour/Transfer Comp.	Travel/ Tour/ Transfer compensation	Exempt as per employer’s policy and actuals.
VRS Exemption	Exemption for Voluntary Retirement Scheme (VRS)	Exempt up to ₹5 Lakhs under Section 10(10C).
Gratuity Amount	Gratuity payment	Exempt up to ₹20 Lakhs under Section 10(10).
Leave Encashment	Leave encashment	Exempt under Section 10(10AA) based on salary and employer rules.
Section 80CCH(2)	Deductions on deposits in Agniveer Corpus Fund	Deduction as per the Agniveer scheme limits and rules.
Section 80JJA	Additional Employee Costs	Tax benefits for business-related employee costs.
Section 57(IIA)	Family pension	Tax benefit on family pension income as per Section 57(IIA).

Income Tax Exemptions for Women Taxpayers Under New Tax Regime

Tax Section	Benefit	Details
Transport Allowance	For Persons with Disabilities (PwD)	Exempt up to ₹3,200 per month for salaried individuals with disabilities.
Conveyance Allowance	For daily commute	Exempt up to ₹1,600 per month for salaried employees.
Traveling Compensation	For official travel reimbursement	Fully exempt if expenses are incurred exclusively for official purposes.
Perquisites	For official purposes	Exempt for facilities like laptops, phones, or reimbursements provided for business use.
Section 10(10C)	Exemptions under Voluntary Retirement Scheme	Up to ₹5,00,000 is exempt on amounts received under a valid VRS scheme.
Section 10(10)	On gratuity amount	Exemption up to ₹20,00,000 for non-government employees under specific conditions.
Section 10(10AA)	Leave encashment	Exempt up to ₹3,00,000 for non-government employees on retirement or resignation.
Section 24	Interest on home loan for rental property	Deduction up to the full interest amount paid without any upper limit.
Gifts	Gifts received	Gifts up to ₹5,000 from non-relatives are tax-free.
Section 80CCD(2)	Employer's contributions to NPS Account	Deduction up to 10% of salary (14% for central government employees) on employer contributions.
Section 80JJA	Additional employee costs	Deduction of 30% of additional employee costs for three years if certain conditions are met.
Section 57(iiA)	Standard deduction on family pension	Deduction of ₹15,000 or 1/3rd of the pension amount, whichever is lower.
Section 80CCH(2)	Deposits in Agniveer Corpus Fund	Deduction available for contributions to Agniveer Corpus Fund by the employee.

Summing It Up

Income tax slabs for women in India remain the same as for all individual taxpayers, as there are no separate slabs based on gender. Women can choose between the new tax regime (with lower rates and no deductions) or the old tax regime (with deductions and exemptions). Evaluate both options using an income tax calculator to decide which works best for your financial situation.

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FAQs

How is 7 lakh income tax free?

Under the new tax regime for FY 2024-25, income up to ₹7 lakh is effectively tax-free because of the rebate under Section 87A. If your taxable income is ₹7 lakh or less, you do not need to pay any income tax after claiming this rebate.
What is the new income tax slab for FY2024-25?
The new tax regime for FY 2024-25 has the following slabs:
- Income up to ₹3 lakh: 0%
- ₹3–7 lakh: 5%
- ₹6–10 lakh: 10%
- ₹10–12 lakh: 15%
- ₹12–15 lakh: 20%
- Above ₹15 lakh: 30%
Taxpayers can choose between the new and old tax regimes based on which one benefits them more.
What is the income proof for a housewife?

Housewives can use rental income receipts, bank interest statements, income from part-time work, or investments as proof of income. These documents are useful for filing income tax returns or applying for loans.
How much money can I give my wife tax free?

You can transfer any amount to your wife without paying tax. However, if your wife earns income from the gifted money (e.g., interest or rental income), that income will be clubbed with your taxable income under the Income Tax Act.
Is the Income Tax Slab different for men and women?

No, the income tax slab is the same for men and women in FY 2024-25. Gender-specific tax benefits were removed in FY 2012-13. However, senior and super senior citizens still enjoy higher basic exemption limits.
What is the tax-free income for senior citizen women?

For senior citizen women aged 60–80, the basic tax exemption limit is ₹3 lakh under the old tax regime. For super senior citizen women above 80 years, income up to ₹5 lakh is tax-free. These higher exemption limits are not available under the new tax regime.

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