New slab of FY 2016-17 of income tax
India National B.C. (74 Points)
20 May 2017
please sent me new detalis of income tax slab
1 Replies
Tvrreddy Ca
(52 Points)
Replied 20 May 2017
for individual for FY 2016 -17
1) general category (individual below age 60 years' huf, aop/boi/ AJP)
upto 250000. - no tax
250001 to 5,00,000 - @ 10%
5,00,001 to 10,00,000. - @ 20%
above 10,00,000 - @ 30%
2) individual whose age is 60 years below 80 years
upto 3,00,000. - NO TAx
remaing same as above except 300000 replace with 250000
3) individual whose age is 80 years or more
500000 replace with 250000.
surcharge @ 10% if total income exceeds 1cr
education cesd @ 3%
1) general category (individual below age 60 years' huf, aop/boi/ AJP)
upto 250000. - no tax
250001 to 5,00,000 - @ 10%
5,00,001 to 10,00,000. - @ 20%
above 10,00,000 - @ 30%
2) individual whose age is 60 years below 80 years
upto 3,00,000. - NO TAx
remaing same as above except 300000 replace with 250000
3) individual whose age is 80 years or more
500000 replace with 250000.
surcharge @ 10% if total income exceeds 1cr
education cesd @ 3%
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