TMI BlogNew Income tax slabs for 2015-16X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Hindu undivided family or every association of persons or body of individual ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act (not being a case to which any other Paragraph of Part III applies) are as under:- Upto ₹ 2,50,000 Nil. Rs. 2,50,001 to ₹ 5,00,000 10 per cent. Rs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 5,00,001 to ₹ 10,00,000 20 per cent. Above ₹ 10,00,000 30 per cent. (ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year,- Upto ₹ 3,00,000 Nil. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 anytime during the previous year,- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 accordance with the preceding provisions of this Paragraph shall be increased by a surcharge at the rate of twelve percent. of such income-tax i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n case of a person having a total income exceeding one crore rupees. However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees. http://www.raaas.com - Reply By MARIAPPAN GOVINDARAJAN - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = Thanks for the information furnished by you. - New Income tax slabs for 2015-16 - Query Started By: - Ritu Chauhan Dated:- 5-3-2015 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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