Your Indian Income Tax Slab for A.Y. 2015-16 (F.Y. 2014-15) – Individuals

1. For Assessees up to the age of 60 years:
   Income up to 2.5 lakhs – No tax
   Income from 2.5 lakhs to 5 lakhs – 10% on income above 2.5 lakhs
   Income from 5 lakhs to 10 lakhs -Rs.25000 plus 20% on income above 5 lakhs
   Income above 10 lakhs – Rs. 1,25,000 plus 30% on income above 10 lakhs
   Surcharge on income tax will be applicable @10% when total taxable income is over one crore.
   3% Education cess will be applicable on income tax and Surcharge.
2. For Assessees above the age of 60 years but below 80 years:
   Income up to 3 lakhs – No tax
   Income from 3 lakhs to 5 lakhs – 10% on income above 3 lakhs
   Income from 5 lakhs to 10 lakhs -Rs.20000 plus 20% on income above 5 lakhs
   Income above 10 lakhs – Rs. 1,20,000 plus 30% on income above 10 lakhs
   Surcharge on income tax will be applicable @10% when total taxable income is over one crore.
   3% Education cess will be applicable on income tax and Surcharge.
3. For Assessees over 80 years:
   Income up to 5 lakhs – No tax
   Income from 5 lakhs to 10 lakhs – 20% on income above 5 lakhs
   Income above 10 lakhs – Rs. 1,00,000 plus 30% on income above 10 lakhs
   Surcharge on income tax will be applicable @10% when total taxable income is over one crore.
   3% Education cess will be applicable on income tax and Surcharge.