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Finance Minister has presented Budget 2015-16 on 28-02-2015. There has been no change in the tax rates, basic income tax exemption limit or tax slabs For Individuals, HUF, AoP and BoI, The Income Tax Slabs and rates for FY 2015-16 or AY 2016-17 are as under: (a)For Individuals (both male or female) HUF, AoP or BoI:
(b) Senior Citizens (60 years or more but less than 80 years)
(c)Super Senior Citizens (80 Years or more)
Rebate section 87A for AY 2016-17 is over and above the above Slabs
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Union Budget 2015-16 Income Tax Key Highlights Click Here >>
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