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Tax Slab
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A tax that governments impose on
financial Income generated by all
entities within their jurisdiction.
By law, businesses and individuals
must file an Income tax return every
year to determine whether they owe
any taxes or are eligible for a tax
refund.
The Income Tax Department is the
biggest revenue mobilizer for the
Government. Income tax is a key
source of funds that the government
uses to fund its activities and
serve the public. |
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India
Income tax slabs FY 2015-2016 for General
tax payers
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Income tax
slab (in Rs.)
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Tax
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0
to 2,50,000
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No
tax
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2,50,001
to 5,00,000
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10%
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5,00,001
to 10,00,000
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20%
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Above
10,00,000
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30%
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India
Income tax slabs FY 2015-2016 for Female tax
payers
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Income tax
slab (in Rs.)
|
Tax
|
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0
to 2,50,000
|
No
tax
|
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2,50,001
to 5,00,000
|
10%
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5,00,001
to 10,00,000
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20%
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Above
10,00,000
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30%
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India
Income tax slabs FY 2015-2016 for Senior
citizens
(Aged 60 years but less than 80 years)
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Income tax
slab (in Rs.)
|
Tax
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0
to 3,00,000
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No
tax
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3,00,001
to 5,00,000
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10%
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5,00,001
to 10,00,000
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20%
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Above
10,00,000
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30%
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India
Income tax slabs FY 2015-2016 for very
senior citizens
(Aged 80 and above)
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Income tax
slab (in Rs.)
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Tax
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0
to 5,00,000
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No
tax
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5,00,001
to 10,00,000
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20%
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Above
10,00,000
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30%
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