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Saturday, August 27, 2016

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Income Tax Slab Rate for Individuals - Below the 60 Years- For 2016-17..!

Income Tax Slab Rate for Individuals (Below the 60 Years) For 2016-17

Income Tax Slab Rate for Individuals (Below the 60 Years)

Taxable income
Tax Rate
Up to Rs. 2,50,000
Nil
Rs. 2,50,000 to Rs. 5,00,000
10%
Rs. 5,00,000 to Rs. 10,00,000
20%
Above Rs. 10,00,000
30%
12% surcharge above the income of Rs 1 Crore.  3% education cess on Income tax + surcharge (if any)

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