How much Income Tax do I need to pay?
How much tax you must pay depends upon the tax block applicable to your income. income tax is calculated on the idea of those tax slabs.
Income Tax Rates for taxpayers under 60 years of age in FY 2016-17, FY 2015-16, FY 2014-15 are below.
| Income Slab | Tax Rate |
|---|---|
| Up to Rs.2,50,000 | No Tax |
| Rs.2,50,000 - Rs.5,00,000 | 10% |
| Rs.5,00,000 - Rs.10,00,000 | 20% |
| Rs.10,00,000 and beyond | 30% |
0 comments:
Post a Comment