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%** […]
Income Tax Slabs
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 […]
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 […]
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 […]
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 […]
Continue reading about Latest Income Tax Slabs for FY 2011-2012