Income Tax Rates.
Assessment Year(AY)2016-17/ Financial Year (FY) 2015-16
(i)Individual (other than those mentioned in (ii) and (iii) below)
Rs. 2,50,001 to Rs. 5,00,000 10 per cent of total income in excess of 2,50,000.
Rs. 5,00,001 to Rs. 10,00,00025000+20% of total income in excess of 5,00,000
Above Rs. 10,00,0001,25,000+30% of total income in excess of 10,00,000
(ii)Senior Citizens age 60 yrs to less than 80 yrs
Upto Rs. 3,00,000 Nil.
Rs. 3,00,001 to Rs. 5,00,00010% of total income in excess of 3,00,000
Rs. 5,00,001 to Rs.10,00,00020000+20% of total income in excess of 5,00,000
Above Rs. 10,00,000 120000+30% of total income in excess of 10,00,000
(ii)Senior Citizens age 80 yrs and above.
Upto Rs. 5,00,000 Nil.
Rs. 5,00,001 to Rs. 10,00,00020% of total income in excess of 5,00,000
Above Rs. 10,00,000 100000+30% of total income in excess of 10,00,000
Notes :
Income Tax Calculator FY 2014-15 Income Tax Calculator FY 2015-16 Income from House Property Calculator
Income Tax Rates-FY 2015-16. Income Tax Rates-FY 2014-15. Income Tax Rates-FY 2013-14.
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