Saturday 2 August 2014

Income Tax Slab Rates for A.Y. 2015-16

New Income Tax Slabs for A.Y. 2015-16 for :-

1.   Individuals (both Men and Women other than senior citizen and very senior citizen), HUF, BOI, AOP, Artificial Judicial person (other than society, local authority)


Income Range
Tax Rate
1
Up to Rs 2,50,000
Exempt
2
2,50,001 to 5,00,000
10%
3
5,00,001 to 10,00,000
20%
4
Above 10,00,000
30%

 2. Senior Citizen (Age from 60 years but less than 80 years)


Income Range
Tax Rate
1
Up to Rs 3,00,000
Exempt
2
3,00,001 to 5,00,000
10%
3
5,00,001 to 10,00,000
20%
4
Above 10,00,000
30% 

Very Senior Citizen (Age of 80 years and above)



Income Range
Tax Rate
1
Up to Rs 5,00,000
Exempt
2
5,00,001 to 10,00,000
20%
3
Above 10,00,000
30%