Income Tax Slab Rate for FY 2015-16 (AY 2016-17)

Every year Income Tax Slab Rate may / may not change. For the FY 2015-16 (AY 2016-17) Income Tax Slab Rate has not changed.

The below table gives you clear idea about Income tax slabs  rates for all Tax payer categories. (For general category, Senior Citizens & Very Senior Citizens).

Apart from this there is educational cess and higher educational cess which is 3%.

Applicability of Surcharge :

Surcharge is applicable to individuals at the rate of 12% if the income exceeds Rs. 1 crore.