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    TAX Slab Changes in Union Budget ay 2015-16 By FM India

    These are the new TAX slabs for year 2015-16 - Announced by Finance Minister Arun Jaitley on 28 Feb 2015. This was his second budget in the Modi government. Please share it as possible you can, that every one can see the new budget slab format for General, Senior and very senior Citizen Tax Payers.

    1. TAX Slab for General tax payers and Women

    Income tax slab (in Rs.)
    Tax
    0 to 2.5 Lacs
    No tax
    2,50,001 to 5,00,000
    10%
    5,00,001 to 10,00,000
    20%
    Above 10,00,000
    30%

    2. TAX Slab for Senior citizens (Aged 60 years but less than 80 years)

    Income tax slab (in Rs.)
    Tax
    0 to 3 Lacs
    No tax
    3,00,001 to 5,00,000
    10%
    5,00,001 to 10,00,000
    20%
    Above 10,00,000
    30%

    3. TAX Slab for very senior citizens (Aged 80 and above)

    Income tax slab (in Rs.)
    Tax
    0 to 5 Lacs
    No tax
    5,00,001 to 10,00,000
    20%
    Above 10,00,000
    30%




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