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New Income tax slabs for 2015-16

Income Tax - Started By: - Ritu Chauhan - Dated:- 5-3-2015 Last Replied Date:- 5-3-2015 - Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person.Paragraph A of Part-III of First Schedule to the Bill provides following rates of income-tax:-(i) The rates of income-tax in the case of every individual (other than those mentioned in (ii) and (iii) below) or Hinduundivided family or every association of persons or body of individuals, whether incor .....

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ears at any time during the previous year,- Upto ₹ 3,00,000 Nil. Rs. 3,00,001 to ₹ 5,00,000 10 per cent. Rs. 5,00,001 to ₹ 10,00,000 20 per cent. Above ₹ 10,00,000 30 per cent. (iii) in the case of every individual, being a resident in India, who is of the age of eighty years or more at anytimeduring the previous year,- Upto ₹ 5,00,000 Nil. Rs. 5,00,001 to ₹ 10,00,000 20 per cent. Above ₹ 10,00,000 30 per cent. The amount of income-tax computed in accord .....

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