Digit
headset_mic
Digit
mail_outline
24x7
[email protected]
  • Products

    Motor

    • Car Insurance
    • Two Wheeler/Bike Insurance
    • Commercial Vehicle Insurance
    • Taxi/Cab Insurance
    • Auto Rickshaw Insurance
    • Truck Insurance

    Health

    • Health Insurance
    • Super Top-up Health Insurance
    • OPD Health Insurance
    • Arogya Sanjeevani Policy
    • Personal Accident Insurance
    • Corporate Health Insurance

    Other

    • International Travel Insurance
    • Flight Delay
    • Shop Insurance
    • Home Insurance
  • Claims

    • File a Claim
    • File Health Claim
    • File Motor Claim for Garages
    • COVID-19 Assistance
    • Claim Status
  • Renewals
  • Become an Agent
  • Products
    • Car Insurance
    • Two Wheeler/Bike Insurance
    • Commercial Vehicle Insurance
    • Taxi/Cab Insurance
    • Auto Rickshaw Insurance
    • Truck Insurance
    • Health Insurance
    • Super Top-up Health Insurance
    • OPD Health Insurance
    • Arogya Sanjeevani Policy
    • Personal Accident Insurance
    • Corporate Health Insurance
    • International Travel Insurance
    • Flight Delay
    • Shop Insurance
    • Home Insurance
  • Claims
    • File a Claim
    • File Health Claim
    • File Motor Claim for Garages
    • COVID-19 Assistance
    • Claim Status
  • Renewals
  • Become an Agent
  • Support
    Sign In
    • edit Edit Policy
    • download Download Policy
    • person_pin My Service Requests
    call 1800 103 4448 whatsapp 70260 61234 mail_outline [email protected]

    Our WhatsApp number cannot be used for calls. This is a chat only number.

  • login
  • about
  • contact
  • careers
Digit
More Products

Motor

  • Car Insurance
  • Two Wheeler/Bike Insurance
  • Commercial Vehicle Insurance
  • Taxi/Cab Insurance
  • Auto Rickshaw Insurance
  • Truck Insurance

Health

  • Health Insurance
  • Super Top-up Health Insurance
  • OPD Health Insurance
  • Arogya Sanjeevani Policy
  • Personal Accident Insurance
  • Corporate Health Insurance

Other

  • International Travel Insurance
  • Flight Delay
  • Shop Insurance
  • Home Insurance

Support

close
  • edit Edit Policy
  • download Download Policy
  • person_pin My Service Requests
call 1800 103 4448 whatsapp 70260 61234 mail_outline [email protected]

Our WhatsApp number cannot be used for calls. This is a chat only number.

Switch to Digit Insurance

Trusted by 2 crore Indians

  • 1 Year Waiting Period
    Health
    Health
  • Car Side View
    Car
  • Motorcycle Side View
    Bike
  • auto rikshaw
    Commercial
  • COVID-19 covered
    Travel Airplane
    Travel
  • More products
    More
loading
loading
OR ENTER YOUR CAR NUMBER
keyboard_arrow_right
DON'T KNOW YOUR CAR NUMBER?
keyboard_arrow_right
or renew digit policy keyboard_arrow_right

I agree to the  Terms & Conditions

Terms and conditions

Oops, we have a mismatch!

Please enter valid registration number
Please enter valid City name
{{bikeCtrl.pincodeErrorMessage}}
loading
DON'T KNOW REGISTRATION NUMBER?
keyboard_arrow_right
I KNOW MY REGISTRATION NUMBER
keyboard_arrow_right
IT'S A NEW BIKE
keyboard_arrow_right
OR RENEW DIGIT POLICY
keyboard_arrow_right

I agree to the  Terms & Conditions

x {{country}}

Most Popular(You can select more than one)

  • {{country}}

Try agian later

loading

I agree to the  Terms & Conditions

As mandated by Spanish Authorities your travel insurance needs to extend 15 days after your trip ends.
We will extend your coverage period accordingly.

Get Quote
Get Quote
false false false false false false false false false false false false
{{healthCtrl.residentPincodeError}}
{{healthCtrl.agentCodeError}}
close {{member}} {{ healthCtrl.getMemberCount(member) }}
{{healthCtrl.familyComposureError}}
{{healthCtrl.mobileNumberError}}

Try agian later

loading

Port my existing Policy

keyboard_arrow_right

I agree to the  Terms & Conditions

I agree to the  Terms & Conditions

Agent Name: {{healthCtrl.integraAgentDetails.agentName}}
State: {{healthCtrl.integraAgentDetails.state}}
SP Name: {{healthCtrl.integraAgentDetails.spName}}
SP Code: {{healthCtrl.integraAgentDetails.spCode}}

Try agian later

loading
{{healthCtrl.residentPincodeError}}
{{healthCtrl.agentCodeError}}
Agent name: {{healthCtrl.integraAgentDetails.agentName}}
State: {{healthCtrl.integraAgentDetails.state}}
SP Name: {{healthCtrl.integraAgentDetails.spName}}
SP code: {{healthCtrl.integraAgentDetails.spCode}}
+91 {{healthCtrl.mobileNumberError}}

Try agian later

loading
done
I agree to the  Terms & Conditions

You can select more than one member

{{healthCtrl.patentSelectErrorStatus}}

  • -{{familyMember.multipleCount}}+ Max {{healthCtrl.maxChildCount}} kids
    (s)
OR ENTER YOUR REGISTRATION NUMBER
keyboard_arrow_right
DON'T KNOW YOUR REGISTRATION NUMBER
keyboard_arrow_right
or renew digit policy keyboard_arrow_right

I agree to the  Terms & Conditions

Get Quote
  • Which countries are you visiting?

    {{travelCtrl.countriesList}} Edit

    x {{country}}
    {{travelCtrl.mobileCountryErrorMessage}}

    Most Popular(You can select more than one)

    • {{country}}
  • Leaving date

    {{travelCtrl.startDate}}Edit

  • Return date

    {{travelCtrl.endDate}} Edit

Terms and conditions

Terms and conditions

Terms and conditions

Virat Kohli has switched to Digit insurance! The choice of the Captain and 2 crore Indians. When will YOU switch?
Switch to Digit Insurance
  • Health
  • Car
  • Bike
  • Commercial
  • Travel
  • More Products

Income Tax Slab for Women

All about Income Tax Slab for Women

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.

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.

A detailed look at the Income Tax Slabs for Women

Income tax slabs refer to the applicable tax rates on the basis of one’s income and age. Now, while the categorisation 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 that of the previous financial year.

Following are the various tax slabs for women as applicable for the financial year 2019-20.

Income Tax Slab for Women (below 60 years of age) - FY 2019-20

Income Tax Slabs

Rate of Tax

For income up to ₹2.5 Lakh

Nil

For income ranging between ₹2,50,001 and ₹5 Lakh

5% of the total income above ₹2,50,000

For income ranging between ₹5,00,001 and ₹10 Lakh

₹12,500+ 20% of the total income above ₹5 Lakh

For income above ₹10 Lakh

₹1,12,500+ 30% of their total income above ₹10 Lakh

Apart from this, you will also be levied with an additional 4% health and education cess, which will be applicable to your total taxable amount. 

Income Tax Slab for Women (Senior Citizens) - FY 2019-20

Income Tax Slabs

Rate of Tax

For income up to ₹3 Lakh

Nil

For income ranging between ₹3,00,001 and ₹5 Lakh

5% of the total income above ₹2,50,000

For income ranging between ₹5,00,001 and ₹10 Lakh

₹10,000+ 20% of the total income above ₹5 Lakh

For income above ₹10 Lakh

₹1,10,000+ 30% of their total income above ₹10 Lakh

You will also be levied with an additional 4% Health and Education cess on your total taxable amount.

Income Tax Slab for Women (Super Senior Citizen) - FY 2019-20

Income Tax Slabs

Rate of Tax

For income up to ₹5 Lakh

Nil

For income ranging between ₹5,00,001 and ₹10 Lakh

20% of the total income above ₹5 Lakh

For income above ₹10 Lakh

₹1,00,000+ 30% of their total income above ₹10 Lakh

Like the two categories above, women above 80 years of age will also be liable to pay an additional 4% health and education cess on their total taxable amount.

Additional Surcharge

Women with an annual income higher than Rs. 50 Lakh will also be levied with a surcharge according to the announcements made in the 2019 Union budget. 

The surcharges applicable are as follows:

Taxable Income

Surcharge rate on Income Tax

For individuals with an income of above ₹50 Lakh and below ₹1 Crore

10%

For individuals with an income of above ₹1 Crore and below ₹2 Crore

15%

For individuals with an income of above ₹2 Crore and below ₹5 Crore

25%

For individuals with an income above ₹1 Crore

37%

The Government of India also provides income tax rebate for women available in accordance with Section 87A of the Income Tax Act, 1961. As announced in the 2019 Union Budget, women taxpayers in India with a total income of up to Rs. 5 Lakh can avail a rebate of up to Rs. 12,500 on their taxes.

Thus, those with a total tax payable below Rs. 12,500 will be exempt from tax payment for FY 2019-20.

How is the Taxable Income Calculated?

The income tax department of India has fixed five heads of income under which your taxable income is calculated. These are:

  • Income from salary.
  • Income from house property.
  • Income from business and profession.
  • Income from capital gains.
  • Any income from other sources which can include interest accumulated from fixed deposits, savings accounts, etc.

 

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 exemptions 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.

Let us take a look at the income tax exemptions you can avail, as mandated by the Income Tax Act, 1961.

 

Know more about:

  • Health Insurance Tax Benefits
  • Income Tax Slabs and Rates in India
  • Income Tax Slab for Senior Citizen
  • Income Tax Benefits for Senior Citizen

Income Tax Exemptions for Women

Following are some of the exemption limits applicable for income tax payment, as mentioned under Section 80 of the Income Tax Act:

 

Section 80C  - You can avail an exemption of up to ₹1.5 Lakh for your earnings from the following:

  • 5-year tax-saver fixed deposits.
  • National Savings Certificate.
  • National Pension Scheme.
  • Equity Linked Savings Scheme.
  • Employees Provident Fund.
  • Senior Citizens Savings Schemes.
  • Sukanya Samriddhi Yojana, etc.

 

Section 80CCC – Exemption on the deposited amount in insurance annuity plans. The exemption limit under this section is set at ₹1,50,000.

 

Section 80TTA – An exemption of up to ₹10,000 on interest earned from the various bank savings account.

 

Section 80D – Exemption on the payment of health insurance policy premium for self, spouse, dependent children, parents, etc. The limit for this exemption is set at:

  • ₹25,000 for self, spouse and dependent children
  • ₹25,000 (for self, spouse and dependent children) + ₹25,000 for parents
  • ₹25,000 (for self, spouse and dependent children) + up to ₹50,000 (for parents above 60 years of age)
  • Up to ₹50,000 (self, spouse and dependent children with the eldest member above 60 years of age) + up to ₹50,000 (for parents above 60 years of age)

 

Know more about Health Insurance with Maternity Benefits

 

Section 80E – This section allows an exemption on the total interest paid for any education loan. There is no limit to this exemption.

 

Section 80GG – This exemption is applicable on rent payment if you don’t receive House Rent Allowance. The limit to this exemption is set at the lower amount between the following:

  • Total rent paid – 10% of your total income.
  • 25% of your total income.
  • ₹5,000 per month.

 

Section 80DDB – This exemption is valid for the medical treatment of any dependent individual who is suffering from specific diseases. The limit for this exemption is set at up to ₹40,000 for individuals below 60 years of age. If the age of the dependent individuals is above 60 years, you can avail a tax exemption of up to ₹1,00,000.

 

Section 80GGC – This exemption is available on contribution to political parties. There is no limit to the exemption if the payment is made through methods other than cash.

 

Section 80G – You can avail exemptions for contributions to charitable institutions and a few relief funds. For some cases, you can avail an exemption of up to 50% of your donation while contribution to other funds allows 100% tax exemptions.

 

Section 80CCG – With this section, you can avail exemptions on your investments in the equity products under the Rajiv Gandhi Equity Scheme. In this case, exemptions are the lower amount between:

  • ₹25,000.
  • 50% of your investment amount in equity schemes.

 

Section 80DD – This section allows exemptions on medical treatment for a handicapped or dependent family member. Following are the exemption limits under this section:

  • If the handicapped individual has a bodily or mental disability of 40-80%, then you will be able to avail an exemption of up to ₹75,000.
  • If the bodily or mental disability is above 80%, then the tax exemption limit is set at ₹1,25,000.

 

Section 80TTB – Under this section, you will be able to avail an exemption on the interest earned by senior citizens. The limit for this exemption is set at up to ₹50,000.

 

Know more about:

  • Individual Health Insurance
  • Family Health Insurance

 

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 filing your tax returns for FY 2019-20, make sure you check the IT slabs for women for FY 2019-20 and all the applicable exemptions to ensure that you are well-informed about the entire system of taxation.

FAQs about Income Tax Slab for Women

✓ Are income tax liabilities different for women in India?

Previously, the basic exemption limit for taxation on women was higher than that of male taxpayers in the country. Since 2012-13, this segregation has been abolished with tax slabs being determined solely based on an individual’s income and age.

Previously, the basic exemption limit for taxation on women was higher than that of male taxpayers in the country. Since 2012-13, this segregation has been abolished with tax slabs being determined solely based on an individual’s income and age.

✓ Is tax filing due date the same for every taxpayer?

No, the due date for filing income tax varies. For individual taxpayers, the due date is set on 31st July of the assessment year.

No, the due date for filing income tax varies. For individual taxpayers, the due date is set on 31st July of the assessment year.

✓ Are tax benefits available on group health insurance policies?

No, tax exemptions are not available on group health insurance policies. However, if you have an independent health insurance policy in addition to group one, you can avail tax benefits on the former one. 

No, tax exemptions are not available on group health insurance policies. However, if you have an independent health insurance policy in addition to group one, you can avail tax benefits on the former one. 

Please try one more time!

Request URL:
Status Code:
Request Payload:
Response Data:

Disclaimer: The information mentioned here is collected from different online websites, news websites and government sources. They may change as per time. Please check the official government websites and verify the information before making any decision.

More article about Income Tax in India

Income Tax Benefits for Senior Citizens

Income Tax Slabs in India

Income Tax Slab for Senior Citizen

Individual Income Tax Slab

Income Tax Slab for Women

How to Save Tax in India

Deductions under Section 80C

Tax Saving Options other than 80C

How your Family can help you save Tax?

New Income Tax Slabs for Senior & Super Senior Citizens

Benefits of Filing Income Tax Return ITR

How to File ITR Online?

How to File Income Tax Return Online for Salaried Employees?

ITR Filing for Businesses & Individuals

How to get Income Tax Return Copy Online?

What is ITR 2 in Income Tax?

What is ITR 4 in Income Tax?

What is ITR 1 Form Sahaj?

What is ITR-3 Form?

How to File Income Tax Return ITR?

How to File ITR for Non-Salaried Person

How to File TDS Return

Last Date of Filing Income Tax Return (ITR)

All you need to know about Income Tax Returns

Capital Gains Tax: Long Term & Short Term Gains

How To Get Income Tax Refund (TDS Refund)

How to Check Income Tax Refund Status Online

Different Types of Income Tax Return Forms in India

How to Download ITR Acknowledgement Online?

What happens if ITR is not Filed?

What is the Penalty for Not Filing ITR?

How to do e-Verification of ITR?

File ITR for Pensioners & Retired Govt Employees

Home Loan Tax Benefits

Section 80TTA of Income Tax Act

What is TDS?

Section 194H of Income Tax Act

Section 194A of Income Tax Act

Section 80DDB of Income tax Act

What is TAN Card

Section 80GG of Income Tax Act

Section 80E of Income Tax Act

Section 80CCD of Income Tax Act

Section 80D of Income Tax Act

What is Income Tax Form 16

What is ITR Form 16A

What is ITR Form 26AS?

Section 194I of Income Tax Act

Section 115BAC of Income Tax Act

What is Excise Duty in India?

What is Indirect Tax?

Deductions Under Section 80GGA of Income Tax Act

Difference Between Section 80G and 80GGA

Tax Credit vs. Tax Deduction

Show more
  1. Digit Insurance
  2. Income Tax
  3. Income Tax Slab for Women

Last updated: 2021-12-16

Digit
  • about
  • contact
  • career
Products
  • Car Insurance
  • Bike Insurance
  • Travel Insurance
  • Health Insurance
  • Property Insurance
  • Shop Insurance
  • Group Health Insurance
  • Arogya Sanjeevani Policy
  • Commercial Vehicle Insurance
  • Super Top-up Health Insurance
  • Flight Delay
Resources
  • Blog
  • Press
  • Download Policy
  • Grievance Redressal Procedure
  • Cancel e-Mandate
Agent & Partnerships
  • Become an Agent
  • Become Digit POSP
  • Garages claim intimation
Services
  • Claims
  • Renewals
  • Digit Cashless Garages
  • Digit Cashless Hospitals
Get our app
Download man
App Store Google Play

Other Products
  • Home Insurance
  • Fire Insurance
  • Burglary Insurance
  • Building Insurance
  • Bus Insurance
  • Tractor Insurance
  • Commercial Van Insurance
  • Passenger Carrying Vehicle Insurance
  • Heavy Vehicle Insurance
  • Goods Carrying Vehicle Insurance
  • Activa Insurance
  • Jupiter Insurance
  • Bullet Insurance
Health Insurance Guides
  • Individual Health Insurance
  • Family Health Insurance
  • Health Insurance for Parents
  • Health Insurance Premium Calculator
  • Compare Health Insurance
  • Health Insurance for Senior Citizens
  • Health Insurance with Maternity Cover
  • Corona Kavach Policy
  • Corona Rakshak Policy
  • हेल्थ इन्शुरन्स
  • फैमिली हेल्थ इन्शुरन्स
Car Insurance Guides
  • Third Party Car Insurance
  • Comprehensive Car Insurance
  • Zero Depreciation Car Insurance
  • NCB in Car Insurance
  • IDV Calculator for Car
  • Bumper to Bumper Car Insurance
  • Car Insurance Calculator
  • Own Damage Car Insurance
  • Comprehensive vs Third Party Insurance
  • Compare Car Insurance
  • Find Vehicle Registration Details Online
Bike Insurance Guides
  • Third Party Bike Insurance
  • Comprehensive Bike Insurance
  • Zero Depreciation Bike Insurance
  • NCB in Two Wheeler Insurance
  • IDV Value Calculator for Bike
  • Add-on Cover in Bike Insurance
  • Bike Insurance Calculator
  • Own Damage Bike Insurance
  • Comprehensive vs Third Party Bike Insurance
  • Compare Bike Insurance
  • Royal Enfield Insurance
  • TVS Insurance
  • Hero Bike Insurance
Other Guides
  • Types of Insurance
  • Types of General Insurance
  • Types of Motor Insurance
  • International Driving License
  • Visa on Arrival for Indians
  • Visa Free Countries for Indians
  • Comprehensive vs Zero Depreciation
  • Coronavirus Health Insurance
  • Coronavirus Symptoms Checker
  • Indian Passport Rank
  • Digit Illness Group Insurance
  • Hero Splendor Insurance
  • Access Insurance
  • Scooty Insurance
Calculators
  • SME Buddy Calculator
  • Home Loan EMI Calculator
  • Bike Loan EMI Calculator
  • Car Loan EMI Calculator
  • HRA Exemption Calculator
  • Sukanya Samriddhi Yojana Calculator
  • SIP Calculator
  • RD Calculator
  • SWP Calculator
  • GST Calculator
  • PPF Calculator
  • Personal Loan EMI Calculator
  • EMI Calculator
Finance Guides
  • What is Credit Score
  • Public Provident Fund
  • How to Open PPF Account?
  • How to open Sukanya Samriddhi Account
  • What is GST?
  • GST Registration in India
  • PAN Card
  • Aadhaar Card
  • Property Tax
  • Road Tax
  • Passport Process
Traffic Rules
  • PUC Certificate
  • Vehicle Registration Certificate
  • New Traffic Fines
  • Fine for Driving without Helmet
  • Types of Driving Licence in India
  • Driving Licence in Delhi
  • Driving Licence in Bangalore
  • Driving Licence in Jaipur
  • Bangalore Traffic Fines
  • Pune RTO Fine
  • Own Damage Insurance
Income Tax Guides
  • How to Save Income Tax in India
  • Income Tax Slab
  • Tax Deductions under Section 80C
  • Individual Income Tax Slab
  • Income Tax Slab for Women
  • Senior Citizen Tax Slab
  • Income Tax Benefits for Senior Citizens
  • Tax Saving Options other than 80C
RTO Offices in India
  • RTO Office
  • RTO Pune
  • RTO Ahmedabad
  • RTO Bangalore
  • RTO Mumbai
  • RTO Delhi
  • RTO Lucknow
  • RTO Thane
  • RTO Chennai
Important Links
  • Digit Insurance Reviews
  • Car Insurance Reviews
  • Bike Insurance Reviews
  • Commercial Vehicle Insurance Reviews
  • Travel Insurance Reviews
  • Health Insurance Reviews
  • Mobile Insurance Reviews
  • Become a Digit Partner
  • General Insurance Agent
  • Health Insurance Agent
  • Motor Insurance Agent
Car Brands & Models
  • Maruti Insurance
  • Toyota Car Insurance
  • Tata Car Insurance
  • Hyundai Car Insurance
  • Kia Car Insurance
  • Mahindra Car Insurance
  • Tata Tiago Insurance
  • Tata Nexon Insurance
  • Hyundai i20 Insurance
  • Creta Insurance
  • Baleno Insurance
Downloads Do Not Disturb (DND) Public Disclosures Stewardship Policy IRDAI Privacy Policy

CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158.

Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka