Latest 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 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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