dial a bank
18 Cities
Delhi
Mumbai
Kolkotta
Bangalore
Hyderabad
Ahmedabad
Chandigarh
Jalandhar
Ludhiana
Chennai
Pune
Jaipur
Lucknow
Baroda
Surat
Indore
Coimbatore
Bhopal

India Income Tax Slabs 2015-16 for Women

Start Saving Rs 41,715 In Income Tax
Name Phone
Email City
Amount to Invest? Annual Income (Rs.)
I have read the Privacy Policy & Agree to Terms & Conditions & authorise Dialabank.com & its partners to Call or SMS me.




Call Our Tax Saving Experts at 60011600 to Maximize Your Tax Saving

 

Income Tax Slab 2015 - 16 for WOMEN

 

 

Net income range Income-tax rates Surcharge Education cess Secondary and higher education cess
Up to Rs. 2,50,000 Nil Nil Nil Nil
Rs. 2,50,000 – Rs. 5,00,000 10% of (total income minus Rs. 2,50,000) [see Note 1] Nil 2% of income-tax 1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000 Rs. 25,000 + 20% of (total income minus Rs. 5,00,000) Nil 2% of income-tax 1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000 Rs. 1,25,000 + 30% of (total income minus Rs. 10,00,000) Nil 2% of income-tax 1% of income-tax
Above Rs. 1,00,00,000 Rs. 28,25,000 + 30% of (total income minus Rs. 1,00,00,000) 10% of income-tax [see Note 2] 2% of income-tax and surcharge 1% of income-tax and surcharge

 

Notes :

1. Rebate under section 87A - A resident individual (whose net income does not exceed Rs. 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less.

2. Surcharge - Surcharge is 10 per cent of income-tax if net income exceeds Rs. 1 crore. It is subject to marginal relief (in the case of a person having a net income of exceeding Rs. 1 crore, the amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore).

3. Education cess - It is 2 per cent of income-tax and surcharge.

4. Secondary and higher education cess - It is 1 per cent of income-tax and surcharge.

• Alternate minimum tax - Tax payable by a non-corporate assessee cannot be less than 18.5 per cent (+SC+EC+SHEC) of "adjusted total income" as per section 115JC

 

 

Today, every person is worried about saving income tax, by making the right tax saving investment within the last 2 months of the financial year. As per the income tax act established in 1961, every person in India whose annual income crosses the maximum exemption limit will have to pay income tax. Every person has to pay income tax to the state and central government.

 

There are two types of income tax:

  • Direct Tax: Direct tax is a tax that is directly collected from the taxpayer. For instance: wealth tax, income tax, etc.
  • Indirect Tax: Indirect tax is paid by the third party i.e. VAT tax, service tax. Service tax is mainly charged to the individual. For example, if an item price is Rs 150, then its last price would be Rs 110 after VAT and this extra price of Rs10 will be paid by the person.

 

Tips to save your tax:

1. Insurance: Buy an insurance plan to save income tax.
2. House rent: If you are staying on rent then, you can add the rent to take the rebate on income tax.
3. Travelling expenses: If you are using your own vehicle, then you can show the travelling expenses to take the rebate on income tax.

 

Income Tax Saving Schemes

 



Related Articles


What Will Go Cheaper and Expensive As Per Budget 2014-15?
Finance Minister Arun Jaitley secured the common man from rising prices by keeping duties on commonly used basic items unchanged. Moreover, he increased the trouble for smokers and tobacco consumers, with a higher increase in the excise rate up to 72% on tax proposals in Budget 2014-15. The best part is that the Finance Minister has not made too many hopeful promises, therefore, the scope of disappointment is less.   Foll... read more

Now Save Up to Rs.36000 With New Tax Slabs of The Budget 2014-15.
  Income Taxpayers can now make bigger savings, after the announcement of the Budget 2014-15 by our finance minister Mr. Arun Jaitley.   According to the Budget: The basic assumption limit increased up to Rs. 2.50 lakhs that were earlier Rs. 2 lakhs.   Mr. Jaitley also increased long-term investments under Section 80C of the Income Tax A... read more

What Is Good And Bad In The Budget 2014-15?
  The budget can be a joy to behold. The good part here, is that the Finance Minister has not made exaggeratedly hopeful projections, and, therefore, the scope for disappointment could be reduced. Good: Bank loans for the infra sector to be exempt from CRR and SLR. This should reduce the cost of funds for these companies, and hopefully will boost the infrastructure.   read more

SPEND MORE SAVE MORE: Ways to Save Tax
... read more

Six Tax Saving Options you must have in your portfolio
One month left for filling the income tax return and hence you must have started planning for the tax investments in advance. If you are one of those communities who have not planned to save tax, it is important to channelize your monthly income in the right direction.   The Income Tax Act has enacted some tools for the exemption of different tools... read more

Home | News | Articles | FAQs | Contact us   
quick enquiry form