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Tax Slab

Income Tax Calculator for FY 2015-16 [AY 2016-17] – Excel Download

Income Tax Calculator for FY 2015-16 (AY 2016-17) - Excel Based The Union Budget for 2015 was presented today by Arun Jaitely. The tax slabs have remain unchanged but there have been some changes in terms of Transport Allowance, Medical Insurance benefits and exemption for Physically challenged tax payers. Budget 2015: Changes We have incorporated the 7 changes that happened in Budget 2015 (presented on February […] Continue reading →

Personal Income Tax – Common Rules & Regulations in India

Income Tax - Rules and Regulations This post has some common rules and regulations of personal income tax in India. This would help you to further understand the intricacies of taxes. Income Tax Slabs/Rates for Financial Year 2011 – 12 1. Women assesses Upto Rs. 1,90,000 – Nil From Rs. 1,90,001 – Rs. 5,00,000 – 10% From Rs. 5,00,001 – Rs. 8,00,000 – 20% Above Rs. 8,00,000 – 30% […] Continue reading →