Tax slab for AY 2014-15 & AY 2015-16 other than Individual and HUF

Partnership Firm For the Assessment Year 2014-15 and 2015-16, a partnership firm (including LLP) is taxable at 30%. Add: (a) Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief…

Tax Slab for Financial Year 2015-16 for Individuals

Individual resident aged below 60 years/ HUF/ AOP/ BOI/ Artificial Judicial Person Income Income Tax Rate Where the taxable income does not exceed INR 2,50,000/-. NIL Where the taxable income exceeds INR 2,50,000/- but does not exceed INR 5,00,000/-. 10% of amount by which the taxable income exceeds INR 2,50,000/-. Where the taxable income exceeds…