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Wednesday, 8 April 2015

Income Tax 2014-15

INCOME TAX RATES ARE

(applicable for Financial Year 2014-15 Assessment Year 2015-16)

Every year the income tax rates are changed and it is important to get the latest income tax rates. We give below the Income Tax Rates and Slabs applicable for the FY 2014-15 or AY 2015-16. :- As per Budget 2015, there is no change in Income Tax Slabs for FY 2015-16 (i.e. AY 2016-17).  Therefore following rates are also applicable for FY 2015-16


Income Range
General (non-senior citizens) Category
Senior above 60 years of age, but below 80 years
Very Senior above 80 years of age
Upto Rs. 2,50,000
Nil
Nil
Nil
Rs. 2,50,001 to Rs. 3,00,000
10%
Nil
Nil
Rs. 3,00,001 to Rs. 5,00,000
10%
10%
Nil
Rs. 5,00,001 to Rs. 10,00,000
20%
20%
20%
Above Rs. 10,00,000
30%
30%
30%









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