Introduction
Income tax slab for A.Y 16-17 | ||
Income Tax Slabs for A.Y. 16-17 for Resident Senior Citizens (60 years or above but below 80 years) (FY 2015-16) | ||
S. No. | Income Slab | Tax percentage |
1 | Up to Rs 3,00,000 | No tax / exempt |
2 | 3,00,001 to 5,00,000 | 10% of the amount exceeding 3,00,000 |
3 | 5,00,001 to 10,00,000 | Rs.20,000 + 20% of the amount exceeding 5,00,000 |
4 | Above 10,00,000 | Rs.1,20,000 + 30% of the amount exceeding 10,00,000 |
Income Tax Slabs for A.Y. 16-17 for Super Senior Citizen (80 years or above) (FY 2015-16) | ||
1 | Up to Rs 5,00,000 | No tax / exempt |
2 | 5,00,001 to 10,00,000 | 20% of the amount exceeding 5,00,000 |
3 | Above 10,00,000 | 30% of the amount exceeding 10,00,000 |
Income Tax Slabs for A.Y. 16-17 for Individuals below 60 yeas of age (FY 2015-16) | ||
1 | Up to Rs 2,50,000 | No tax / exempt |
2 | 2,50,001 to 5,00,000 | 10% of the amount exceeding 2,50,000 |
3 | 5,00,001 to 10,00,000 | Rs.25,000 + 20% of the amount exceeding 5,00,000 |
4 | Above 10,00,000 | Rs.1,25,000 + 30% of the amount exceeding 10,00,000 |
Income Tax Slabs for A.Y. 15-16 are mentioned below:
Income tax slab for A.Y 15-16 | ||
Income Tax Slabs for A.Y. 15-16 for Resident Senior Citizens (60 years or above but below 80 years) (FY 2014-15) | ||
S. No. | Income Slab | Tax percentage |
1 | Up to Rs 3,00,000 | No tax / exempt |
2 | 3,00,001 to 5,00,000 | 10% of the amount exceeding 3,00,000 |
3 | 5,00,001 to 10,00,000 | Rs.20,000 + 20% of the amount exceeding 5,00,000 |
4 | Above 10,00,000 | Rs.1,20,000 + 30% of the amount exceeding 10,00,000 |
Income Tax Slabs for A.Y. 15-16 for Super Senior Citizen (80 years or above) (FY 2014-15) | ||
1 | Up to Rs 5,00,000 | No tax / exempt |
2 | 5,00,001 to 10,00,000 | 20% of the amount exceeding 5,00,000 |
3 | Above 10,00,000 | Rs.1,00,000 + 30% of the amount exceeding 5,00,000 |
Income Tax Slabs for A.Y. 15-16 Individuals below 60 yeas of age (FY 2014-15) | ||
1 | Up to Rs 2,50,000 | No tax / exempt |
2 | 2,50,001 to 5,00,000 | 10% of the amount exceeding 2,50,000 |
3 | 5,00,001 to 10,00,000 | Rs.25,000 + 20% of the amount exceeding 5,00,000 |
4 | Above 10,00,000 | Rs.1,25,000 + 30% of the amount exceeding 10,00,000 |