Important Old G.Os & Information

Monday, 22 February 2016

Income Tax FY 2015-16 for Andrapradesh state Employees



Andrahrapradesh State Employees Income Tax Financial Year 2015-16 Assessment Year 2016-17
Employees planing to save their taxable income by investments as per sections first we look into slab rates and savings limits.
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 above income
2% of income-tax
1% of income-tax

Savings under various sections 


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