Tuesday, 26 April 2016

Income Tax Calculations







Income tax Slab / Financial Year 2016 – 2017/Assessment Year – 2017 – 2018.



Income Tax Rate
Income Tax Rate

For Men below 60 Yrs. Age


For Women below 60 yrs. Age
Income up to Rs. 2,50,000
NIL
NIL
Income between Rs. 2,50,001 - Rs. 500,000
10%
10%
Income between Rs. 500,001 - Rs. 10,00,000
20%
20%
Income above Rs. 10,00,000
30%
30%