A Look at Income Tax Slabs for Women

Income Tax Slabs
 

Individuals in India are subject to income tax using a slab system, in which various income brackets are given varying tax rates. As a person's income increases, so do the tax rates. This kind of taxation makes it possible for the nation to have a progressive and equitable tax structure. The income tax slabs for men and women are the same, there aren’t any specific tax exemptions for women. Every budget usually includes a periodic revision to the income tax slabs. These slab rates vary depending on the taxpayer group. ^[1]
 

A Look at the New Tax Regime
 

• Updated Slabs: Under the new regime, the slabs have been updated.
• Enhanced Standard Deduction: Under the new system, salaried employees' standard deduction has been increased to Rs. 75,000.
• Family Pension: A deduction of Rs. 25,000 has been added to the Rs. 15,000 deductions for family pensions received.
• NPS Contribution: The deduction limit on employer's contribution to NPS has been raised from 10% to 14%. ^[1]
   

Income Tax Slabs under the Old Regime
 

The Indian government empowers women by providing them with a range of perks and reliefs, such as lower interest rates on house loans, property tax refunds, stamp duty exemptions, etc. Even when it came to taxes, women had greater fundamental exemption limitations than men. The government did, however, eliminate this system in FY 2012–13 and institute a single tax slab for both men and women. Therefore, there is no specific benefit or deduction for women under the Income Tax Act.^[2]
 

Income Tax Slabs for individuals aged below 60 years & HUF ^[1]
 

 

Income tax slab for aged above 60 years and below 80 years of age ^[1]
 

 

Tax Slabs for Super Senior Citizen over 80 years of age^[2]
 

 

Budget 2025 highlights* - Income Tax Slabs under the New Regime^[3]
 

 

upto Rs 4,00,000	Nil
Rs 4,00,000 to Rs 8,00,000	5%
Rs 8,00,0001 to Rs 12,00,000	10%
Rs 12,00,001 to 16 lakh rupees	15%
Rs 16,00,001 to 20 lakh rupees	20%
Rs 20,00,001 to 24 lakh rupees	25%
Above 24 lakhs	30%

 

Benefits for Taxpayers in India ^[2]
 

The following lists the perks and exemptions from income taxes that are available to taxpayers including women taxpayers.

 

Tax Rebate for Taxpayers including Taxpayers ^[2]
 

A rebate is a tax relief provided to those people who are in the lower-income tax bracket to ensure that they are not burdened with income tax if their pay is below a certain threshold.

Under Budget 2025*, the rebate allowed for individuals under the new tax regime is raised to Rs. 60,000.
 

Conclusion
 

A thorough understanding of women's income tax slabs is necessary for efficient financial planning. In India, women taxpayers benefit from a number of deductions and a larger basic exemption level, which can lower their tax obligations. The decision between the old and new tax regimes, however, is based on personal financial circumstances and objectives.
 

FAQs
 

1. What is the basic exemption limit for taxpayers including women taxpayers in India?
 

The basic exemption limit is Rs. 3 lakhs for everyone irrespective of their age. ^[1]
 

2. Are there different tax slabs for women under the old and new tax regimes?
 

Yes, the income tax slabs differ under the old and new tax regimes. Under the old regime, women enjoy a higher exemption limit and can claim deductions, while the new regime offers lower tax rates but with fewer deductions. ^[1]
 

3. Are there different tax slabs for women?
 

Men and women taxpayers are treated equally under Indian tax legislation. Consequently, both are subject to a single tax system. ^[5]
 

4. Can a housewife file an income tax return?
 

If a housewife receives money from any source, such as interest, dividends, or tuition, and that income surpasses the basic exemption limit (Rs. 3,00,000 under the present tax system and Rs. 2,50,000 under the previous one), she is required to file an income tax return. ^[5]
 

5. Are there any special advantages in tax rates for senior citizens in the new regime?
 

The baseline exemption level under the previous tax regime was Rs. 3,00,000 for senior citizens and Rs. 5,00,000 for super senior citizens. Up to Rs. 7 lakhs in total income are exempt from income tax under the new tax regime.^[6]
 

6. Can I switch between old and new tax regime every year?
 

Every year, individuals, HUFs (Hindu Undivided Families), AOPs (which are not cooperative organizations), BOIs (Body of Individuals), or Artificial Juridical Persons who earn money from their businesses or professions will not be able to select between the two regimes. They only have one chance to transition to a new tax scheme after opting out of the old one. They will never again be able to return to the old tax regime after they pick the new one. A person with non-business income has the option to alternate between the old and new tax systems annually. ^[6]
 

7. Can a company take benefit from Section 80C?
 

Section 80C of the Income Tax Act only applies to individuals or Hindu Undivided Families (HUFs). As a result, a business cannot benefit from Section 80C. ^[7]
 

8. Can a business deduct contributions made in accordance with Section 80G?
 

A deduction under Section 80G will be available to any taxpayer who donates to certain organizations, funds, etc. ^[7]
 

9. What is 80GG in income tax? What is rent paid under 80GG?
 

Rent paid may be deducted under 80GG even if your salary does not include HRA or if you are a self-employed person earning income other than your pay; nevertheless, you must not own any residential property in your place of residence in order to be eligible for this deduction. ^[7]
 

10. What is a tax rebate?
 

A tax rebate is a type of tax relief given to people, especially those in lower income brackets, to make sure they are not taxed if their income falls below a specific threshold. The refund that people are eligible for under the new tax regime has been increased to Rs. 60,000 for the fiscal year 2025–2026.