Important Old G.Os & Information

Wednesday, 27 January 2016

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

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