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In India, income tax can be classified as progressive in nature. It means that the rate of increase in income tax payable is directly proportional to the increase in an individual’s income, regardless of their gender.
Sounds complicated?
Well, it simply means that the tax liability of a person increases with an increase in their income. Apart from their income, it also depends on their age.
For the purposes of taxation, taxpayers have been classified into three broad groups –
Individuals below 60 years of age
Individuals between 60 and 80 years of age (senior citizens)
Individuals above 80 years of age (super senior citizens)
Previously, the basic tax exemption limit was segregated for male and female taxpayers in India. Women enjoyed a higher basic exemption limit when it came to tax payment on their income earned.
However, since 2012-13, this difference in basic exemption limit has been away with, and common tax slabs have been introduced for both men and women, with respect to their income and age.
Following is a detailed explanation of income tax slabs for women – below 60 years of age, senior citizens and super senior citizens.
Income tax slabs refer to the applicable tax rates on the basis of one’s income and age. Now, while the categorization process remains the same, the slabs are subject to change during each Union Budget. For a budget where changes are not specifically mentioned, the tax rates remain the same as those of the previous financial year.
No, they are the same for both genders in India.
Previously, the basic tax exemption limit was segregated for male and female taxpayers in India. Women enjoyed a higher basic exemption limit when it came to tax payment on their income earned.
However, since 2012-13, this difference in basic exemption limit has been away with, and common tax slabs have been introduced for both men and women, with respect to their income and age.
Here are the income tax slabs for individual women taxpayers under both old and new income tax regimes for financial years 2025-26 and 2024-25.
The Union Budget 2025 proposed changes in the new tax regime slab rates, which will come into effect from April 1, 2025. Here are the new income tax regime tax slabs:
So, under this revised tax structure for FY 2025-26, individuals with earnings up to ₹12 lakh will not have to pay any tax thanks to an increased tax rebate of ₹60,000, under Section 87A.
Here are the tax slab rates under the new tax regime, which were applicable for FY 2024-25:
Note: An additional Health and Education cess @ 4% is applicable on the tax amount calculated.
The tax slab for women under the age of 60 for the Old Tax Regime for FY 2025-26 (AY 2026-27) is the same as previous financial year, which are as follows:
Note: An additional Health and Education cess @ 4% is applicable on the tax amount calculated.
Checkout the income tax slabs for women between the age of 60-80 under both old and new income tax regimes.
Budget 2025 proposed new changes in the new tax regime slab rates that senior citizen women taxpayers must follow to compute their taxes:
After Budget 2024 announced changes in the new tax regime slab rates, individual women taxpayers must use the following rates to compute their taxes:
Women over 60 years of age but less than 80 years are required to pay taxes based on the following income tax slabs, if they have opted for the old income tax regime. The female tax slabs remain the same for financial years 2024-25 and 2025-26.
Senior citizens will also be levied an additional Health and Education cess @ 4%, applicable over the calculated tax amount.
For super senior citizen women, aged above 80, here are the income tax slab rates under the new and old income tax regimes.
Budget 2025 proposed new changes in the new tax regime slab rates that super senior citizen women taxpayers must follow to compute their taxes:
To file ITR for women for FY 2024-25, super senior citizens women who’ve opted for new tax regime must follow the given rates, after Union Budget 2024 revised the new regime tax slab rates:
Women taxpayers over the age of 80 should consider the following tax rates under old regime for both financial years – FY 2024-25 and FY 2025-26.
An additonal 4% Health and Education Cess on the tax amount calculated will also be applied.
Women with an annual income higher than ₹50 Lakh will also be levied with a surcharge. The surcharges for new tax regime are applicable from 1 April 2023:
Note that before the Finance Bill 2023, the highest surcharge of 37% was being levied on income exceeding ₹5 Crore. However, from April 1, 2023, this surcharge has been reduced to 25% under the new tax regime, as mentioned in the above table.
The income tax department of India has fixed five heads of income under which your taxable income is calculated. These are:
Now, if you are thinking that your tax liabilities are mounting up – don’t worry!
The Income Tax Act has put forth certain income tax exemption for women and all other taxpayers that can help you to save a chunk of your income. These exemptions have been put in place primarily to inculcate the habit of savings among Indians.
Marginal relief is a tax benefit provided under Section 87A that ensures that taxpayers whose income exceeds ₹12 lakh by a small margin do not have to pay significantly more tax.
Marginal relief is applicable to incomes up to ₹12.75 lakh, after which normal tax rates apply, as per the IT slabs. Here’s how it is calculated:
Here are some different scenarios to help you understand tax liability under the new tax regime for FY 2025-26.
Since your taxable income is below the ₹12 lakh slab, your total tax payable will be zero as you will get the full Section 87A rebate.
So, total tax payable = ₹0
Using the benefit of ₹75,000 standard deduction, your taxable income will come down to ₹12 lakh.
Now, your income is qualified for the 100% rebate, leading to zero tax liability.
So, total tax payable = ₹0
Since your income here exceeds ₹12.75 lakh, you can no longer avail the rebate.
So, taxable income after standard deduction = ₹13 lakh - ₹75,000 = ₹12.25 lakh
Tax Calculation on ₹12.25 lakh:
Total tax before marginal relief = ₹63,750
With marginal relief, applicable tax liability = ₹25,000 + cess
The Union Budget 2023 announced relief on income tax for women for the new tax regime by introducing rebate under Section 87A of the Income Tax Act, 1961, for individual taxpayers, including women. However, Budget 2025 introduced changes in the rebate amount, starting April 1, 2025.
Following is the tax rebate for both FY 2025-26 and FY 2025-25, applicable for women in different age groups.
However, remember that this rebate is not available for income taxed at special rates (e.g., capital gains under section 112A).
Here are the income tax exemption for women in India that they can avail if they opt for the new tax regime:
These income tax exemption for women are not available for taxpayers in India if they have opted for the new tax regime:
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These are some allowances and deductions under the old tax regime for women for financial year 2025-26.
Under Section 80 of the Income Tax Act, women taxpayers can claim income tax benefits from the following exemptions:
Therefore, with such exemptions and benefits in place, women can reduce their tax liabilities to quite an extent by making suitable investments and expenses. Even though these investments are mostly long-term in nature, they can be extremely beneficial when it comes to saving taxes.
So, before planning your taxes, make sure you check the relevant IT slabs for women and all the applicable exemptions to ensure that you are well-informed about the entire system of taxation.
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