Tax
Slab
|
FY
2015-16 & FY 2014-15
Tax Rate |
Tax
Slab
|
FY
2013-14
Tax Rate |
Up to Rs.2,50,000
|
No Tax
|
Up to Rs.2,00,000
|
No Tax
|
Rs.2,50,000 - Rs.5,00,000
|
10%
|
Rs.2,00,000 - Rs.5,00,000
|
10%
|
Rs.5,00,000 - Rs.10,00,000
|
20%
|
Rs.5,00,000 - Rs.10,00,000
|
20%
|
Rs.10,00,000 and beyond
|
30%
|
Rs.10,00,000 and beyond
|
30%
|
Surcharge: 10% of the Income Tax,
where total income exceeds Rs.1 crore.
|
|||
Education cess:
3% on sum of total income tax and surcharge.
|
Monday, December 21, 2015
FY 2015-16 tax rate applies to income earned between 1st April 2015 and 31st March 2016. Income Tax rates for individuals are same for FY 2015-16 and FY 2014-15.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment