Income Tax Financial Year 2015 - 16 Assessment Year 2016-17

Income Tax Slab Rates for Financial Year 2015-16 and Assessment Year 2016-17  

Taxable Income range	Income-tax rates	Education Cess	Secondary and higher Education Cess
Up to Rs. 2,50,000	Nil	Nil	Nil
Rs. 2,50,000 – Rs. 5,00,000	10% on above Rs.2,50,000 income	2% of income-tax	1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000	Rs. 25,000 + 20% on Rs. 5,00,000 above income	2% of income-tax	1% of income-tax
Above Rs. 10,00,000	Rs. 1,25,000 + 30% on Rs. 10,00,000 income	2% of income-tax	1% of income-tax

Deduction under 80C, 80CCC, 80CCD etc upto 1,50,000/- 

Income Tax Form 16 Preparation Full Version