Simple Tax India - Latest Tax Updates

Sunday, January 4, 2015

Income Tax Rates for AY 2015-16 (Financial Year 2014-15)

Calculate your tax based on the tax slabs for year 2014-2015. Detailed split for general, women, senior citizen etc are provided. 

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%

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%

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%
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