Income Tax Slab For Women For FY 2025-26: Tax Limit And Exemptions

Presently, all the individuals are taxed under equal rates, irrespective of gender . Except for senior citizens, who have some concessional taxes under the old regime, male and female taxpayers are subject to the same income tax slabs rates under the old and new regime for FY 2025-26.

Income Tax Slabs FY 2025-26

Income Tax Slabs under New Regime

The revised tax slabs under the new regime for FY 2025-26 (AY 2026-27) are as follows:

Income Tax Slabs under Old Regime

In India, under the old tax regime, the tax slabs and rates depend upon the age and income of the taxpayer. For income tax purposes an individual can be categorized into:

• Individuals - Residents below 60 years of age and Non-Residents
• Senior citizens - Individuals over 60 years of age
• Super senior citizens - Individuals over 80 years of age

Income Tax Slab for Assessees below 60 Years of age and Non-Residents

Rebate

In the case of lower income class of women, where income is up to Rs. 7 lakhs, tax rebate up to Rs. 25,000 can also be availed in case of the new regime whereas, in case of the old regime where income is up to Rs 5 lakhs, tax rebate up to Rs. 12,500 is available.

Cess

In addition to the above income tax rates, health and education cess of 4% is charged on the income tax.

Surcharge

Surcharge rates are also applicable if income exceeds the threshold limit. The surcharge is applied to the total amount of tax.

Note: As per Budget 2023, in case of new tax regime surcharge on income exceeding Rs 5 crores will be limited to 25%

Benefits And Exemptions 

There are hardly any exclusive tax benefits for women, and the following table lists the tax benefits available for taxpayers irrespective of gender.

However, if a woman taxpayer opts for the new tax regime these deductions need to be foregone.

Some other benefits allowed to salaried women employed -

• Standard deduction of Rs. 50,000
• House Rent Allowance
• Leave Travel Concession
• Deduction on interest on home loan up to Rs. 2 lakhs 

Except standard deduction ,the aforesaid benefits are available if you opt for the old regime. 

Conclusion 

In summary, the Indian government offers various benefits and reliefs to empower women, but there are no specific deductions or advantages exclusively for women under the Income-tax Act,1961 since the introduction of a common tax slab for both genders in 2012-13. However, women taxpayers need to be aware of the tax slabs applicable, tax exemptions, and deductions when planning finance.