Income Tax Slabs

sahilkakwani on November 19th, 2014

Here are the slabs for the income tax for the income incurring in Financial Year 2014-2015. The assessment year for these slabs is 2015-2016. Income tax slabs For General tax payers Yearly Income Tax Rate Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 10%* Rs. 5,00,001 to Rs. 10,00,000 20% Above Rs. 10,00,000 30%** […]

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sahilkakwani on March 6th, 2013

Here are the slabs for the income tax for the income incurring in FY 2013-2014. The assessment year for these slabs is 2014-2015. Income tax slabs for General tax payers Yearly Income Tax Rate Rs. 0 to 2,00,000 No Tax (0 %) Rs. 2,00,001 to 5,00,000 10% Rs. 5,00,001 to 10,00,000 20% Above Rs. 10,00,000 […]

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admin on March 16th, 2012

In the latest budget announcement on 16th March 2012, the financial minister, Pranab Mukherjee, announced raising the tax exemption limit  from the curent level of Rs 1.8 lakh to Rs 2 lakh. For income upto Rs 2 lakh, the tax deduction will now be NIL. For those with an income between Rs 2-5 lakh the tax […]

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admin on June 18th, 2011

Here are the slabs for the income tax for the income incurring in FY2010-2011. The assessment year for these slabs is 2011-2012. Income tax slabs 2010-2011 for General tax payers Yearly Income Tax Rate Rs. 0 to 1,60,000 No Tax (0 %) Rs. 1,60,001 to 5,00,000 10% Rs. 5,00,001 to 8,00,000 20% Above Rs. 8,00,000 […]

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admin on June 18th, 2011

Here are the latest slabs for the income tax for the income incurring in FY2011-2012. The assessment year for this slab will be 2012-2013. Income tax slabs 2011-2012 for General tax payers Yearly Income Tax Rate Rs. 0 to 1,80,000 No Tax (0 %) Rs. 1,80,001 to 5,00,000 10% Rs. 5,00,001 to 8,00,000 20% Above […]

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