Wednesday, July 16, 2014

Income Tax Slabs & Rates for Assessment Year 2015-16 in India

As per tax slab & rates proposed in Union Budget for Assessment Year 2015-16 ,the income tax rates applicable for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) in India as given below -

1. India Income tax slabs 2014-2015 for General tax payers and Women
























Income Tax Slab (in Rs.)

Tax

0 to 2,50,000

No tax

2,50,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

Above 10,00,000

30%

2.India Income tax slabs 2014-2015 for Senior citizens (Aged 60 years but less than 80 years)


























Income Tax Slab (in Rs.)

Tax

0 to 3,00,000

No tax

3,00,001 to 5,00,000

10%

5,00,001 to 10,00,000

20%

Above 10,00,000

30%

3.India Income tax slabs 2014-2014 for very senior citizens (Aged 80 and above)




















Income Tax Slab (in Rs.)

Tax

0 to 5,00,000

No tax

5,00,001 to 10,00,000

20%

Above 10,00,000

30%

NB: The above Income Tax Slabs have been presented in Union Budget for FY 2014-15  while which is pending at Loke Sabha.
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1 comment:

  1. Nice Post it will help for person to make awareness either they are paying same tax Percentage or not please update me from more articles .. thank-you

    ReplyDelete