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A tax that
governments impose on
financial Income
generated by all
entities within their
jurisdiction. By law,
businesses and
individuals must file an
Income tax return every
year to determine
whether they owe any
taxes or are eligible
for a tax refund.
The Income Tax
Department is the
biggest revenue
mobilizer for the
Government. Income tax
is a key source of funds
that the government uses
to fund its activities
and serve the public
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India
Income tax slabs FY 2015-2016
for General tax payers
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Income
tax slab (in Rs.)
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Tax
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0 to 2,50,000
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No tax
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2,50,001 to
5,00,000
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10%
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5,00,001 to
10,00,000
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20%
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Above
10,00,000
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30%
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India
Income tax slabs FY 2015-2016
for Female tax payers
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Income
tax slab (in Rs.)
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Tax
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0 to 2,50,000
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No tax
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2,50,001 to
5,00,000
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10%
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5,00,001 to
10,00,000
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20%
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Above
10,00,000
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30%
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India
Income tax slabs FY 2015-2016
for Senior citizens
(Aged 60 years but less than 80
years)
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Income
tax slab (in Rs.)
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Tax
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0 to 3,00,000
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No tax
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3,00,001 to
5,00,000
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10%
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5,00,001 to
10,00,000
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20%
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Above
10,00,000
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30%
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India
Income tax slabs FY 2015-2016
for very senior citizens
(Aged 80 and above)
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Income
tax slab (in Rs.)
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Tax
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0 to 5,00,000
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No tax
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5,00,001 to
10,00,000
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20%
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Above
10,00,000
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30%
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