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income tax 2015-16 slab

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rakkesh asked about 3 years ago

please provide me income tax 2015-16 slab

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4 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

The slab for the financial year 2014-15 and 2015-16 is as follows for Resident Indians Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 3,00,000 -- 10% for General Citizen and 'NIL" For Senior Citizen and Super Senior Citizen Rs. 3,00,001 to Rs. 5,00,000 _-- 10% for General Citizen and Senior Citizen ' NIL ' for Super Senior Citizen Rs. 5,00,001 to Rs. 10,00,000 ---20% for All Category Individuals Above Rs. 10,00,000- 30 % for all category Individuals

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

Individual resident aged below 60 years (i.e. born on or after 1st April 1955) or any NRI/ HUF/ AOP/ BOI/ AJP* Income Tax :Tax Calculator : AY 2015-16 Income Slabs Tax Rates i. Where the taxable income does not exceed Rs. 2,50,000/-. NIL ii. Where the taxable income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-. 10% of amount by which the taxable income exceeds Rs. 2,50,000/-. Less ( in case of Resident Individuals only ) : Tax Credit u/s 87A - 10% of taxable income upto a maximum of Rs. 2000/-. iii. Where the taxable income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-. Rs. 25,000/- + 20% of the amount by which the taxable income exceeds Rs. 5,00,000/-. iv. Where the taxable income exceeds Rs. 10,00,000/-. Rs. 125,000/- + 30% of the amount by which the taxable income exceeds Rs. 10,00,000/-. Surcharge : 10% of the Income Tax, where taxable income is more than Rs. 1 crore. (Marginal Relief in Surcharge, if applicable) Education Cess : 3% of the total of Income Tax and Surcharge. * Abbreviations used : NRI - Non Resident Individual; HUF - Hindu Undivided Family; AOP - Association of Persons; BOI - Body of Individuals; AJP - Artificial Judicial Person

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Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered about 3 years ago

Hii friend..... The Income tax slabs for AY 2015.16 for Individual / HUF are as Follows. - Basic Exemption Limit is 250000 after that 10% upto 500000. And after 500000 to 1000000 the tax rate is 20%. And if the Income is above 1000000 then the rate is 30%. - Basic exemption limit for Senior citizens are 300000 and 500000 for Super Senior citizens. - For Firms the rate is flat 30%. - For Corporates the tax rate is 25%. Regards,

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Vinod.P answered about 3 years ago

Dear Rakesh The slab for the financial year 2014-15 and 2015-16 is as follows for Resident Indians Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 3,00,000 -- 10% for General Citizen and 'NIL" For Senior Citizen and Super Senior Citizen Rs. 3,00,001 to Rs. 5,00,000 _-- 10% for General Citizen and Senior Citizen ' NIL ' for Super Senior Citizen Rs. 5,00,001 to Rs. 10,00,000 ---20% for All Category Individuals Above Rs. 10,00,000- 30 % for all category Individuals There is no discrimination for Women .Companies , firms and C-operative Societies are taxed at 30% for their Taxable income in flat rate. Kind Regards Vinod.P

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