The Individual & NRI taxation undergo change every year, we will try to keep you update on the same as and when change occurs.
The below INCOME TAX RATES are applicable for the Financial Year ending March 31,2018(Financial Year 2014-15)-Assessment Year 2015-16):
Income Range |
General (non-senior citizens) Category |
Women (Below 60 years of age) (This category is abolished from this year and is thus is same as that of General Category |
Senior Citizens (Men and Women above 60 years of age), but below 80 years |
Very Senior Citizens (Men and Women above 80 years of age) |
Upto Rs. 2,50,000 |
Nil |
Nil |
Nil |
Nil |
Rs. 2,50,001 to Rs. 3,00,000 |
5% * |
5% * |
Nil |
Nil |
Rs. 3,00,001 to Rs. 5,00,000 |
10% * |
10% * |
10% * |
Nil |
Rs. 5,00,001 to Rs. 10,00,000 |
20% |
20% |
20% |
20% |
Above Rs. 10,00,000 |
30% ** |
30% ** |
30% ** |
30%** |
Some of the Changes IT Act in FY 2017-18
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