Income Tax Slab - Assessment Year 2016-17


Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income-tax is obligated to furnish his return of income. The deductions under Chapter VI-A are mentioned in Part C of this Return Form. In case of any doubt, please refer to relevant provisions of the Act. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:-



In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person


Income Tax Slab - Assessment Year 2016-17


Income Tax Slab Income Tax Rate
Income upto Rs. 2,50,000 Nil
Rs. 2,50,000 to Rs. 5,00,000 10%
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A
Add: Surcharge and Education Cess

Income Tax Slab - Assessment Year 2015-16


Income Tax Slab Income Tax Rate
Income upto Rs. 2,50,000 Nil
Rs. 2,50,000 to Rs. 5,00,000 10%
Rs. 5,00,000 to Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A
Add: Surcharge and Education Cess


In case of a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year)


Income Tax Slab - Assessment Year 2016-17


Income Tax Slab Income Tax Rate
Up to Rs. 3,00,000 Nil
Rs. 3,00,000 - Rs. 5,00,000 10%
Rs. 5,00,000 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A
Add: Surcharge and Education Cess

Income Tax Slab - Assessment Year 2015-16


Income Tax Slab Income Tax Rate
Up to Rs. 3,00,000 Nil
Rs. 3,00,000 - Rs. 5,00,000 10%
Rs. 5,00,000 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A
Add: Surcharge and Education Cess


In case of a resident super senior citizen (who is 80 years or more at any time during the previous year)


Income Tax Slab - Assessment Year 2016-17


Income Tax Slab Income Tax Rate
Up to Rs. 5,00,000 Nil
Rs. 5,00,000 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A
Add: Surcharge and Education Cess


Income Tax Slab - Assessment Year 2015-16


Income Tax Slab Income Tax Rate
Up to Rs. 5,00,000 Nil
Rs. 5,00,000 - Rs. 10,00,000 20%
Above Rs. 10,00,000 30%
Less: Rebate under Section 87A
Add: Surcharge and Education Cess


a) Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of one crore rupees by more than the amount of income that exceeds one crore rupees).

b) Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by education cess calculated at the rate of two per cent of such income-tax and surcharge.

c) Secondary and Higher Education Cess: The amount of income-tax and the applicable surcharge, shall be further increased by secondary and higher education cess calculated at the rate of one per cent of such income-tax and surcharge.

d) Rebate under Section 87A: The rebate is available to a resident individual if his total income does not exceed Rs. 5,00,000. The amount of rebate shall be 100% of income-tax or Rs. 2,000, whichever is less.



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