(ALSO INCLUDED 2014-15 & 2015-16)
OR
Income Tax Calculator Financial Year 2015-16 (Updated)
RATES LIST:
1. Where the taxable income does not exceed Rs. 2,50,000/-
NIL
2. 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/-.
3. 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/-.
4. 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/-.
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