India Union Budget 2016 announce in Feb-March | New Tax Slabs for Taxpayers | Tax Slabs 2015 28 February 2016

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Budget 2016 Dated 28-02-2016 by Finance Minister Shri Arun Jethly. It is projected that our finance minister can announce a big  tax deductions profit deal for tax payers. Today we are telling you about the projected tax slabs for the budget 2016. It is projected that the tax deduction limit may be 3.0 lakh, before this it is 2.50 lakh| There may be other changes in the slab of 5.00 lakh, 10.00 lac & 20.0 lakh. In present that tax slab is as following

OLD TAX SALBS

2.50 lakh – No tax

2.50 to 5.00 Lakh – 10%

5.00 to 10.00 lac – 20%

Above 10.00 Lakh – 30%

But in this budget of 2015 which will be presented by our finance minister Shri Arun Jethly the tax slab may be changed and the projected tax slab may be according to following

Projected New Tax Slab

3.00 Lakh – 0% tax may be charged

3.00 Lac to 5.00 lakh – 10% may be charged

10.00 Lakh to 20.00 Lakh – 20% may be charged

Above 20.00 lakh – 30% tax may be charged

Keep a deep eye on my website to get updated about Budget 2016. Our team is trying to update the information about Budget 2016 very soon from time to time.

If our finance minister announce the tax deduction according to new slab then you can save money according to following structure

Current Tax Slab and Tax Amount	Projected New Tax Slab and Tax Amount After April 2016
Income 2.50 lakh – tax 0% Income 2.50 to 5.00 Lakh – Tax 10% Tax Amount =  25000 for Tax	Income 3.0 lakh – tax 0% Income 3.00 to 5.00 Lakh – Tax 10% Tax Amount = 20000 for Tax
Saving = 5000 Yearly
Income 2.50 lakh – tax 0% Income 2.50 to 5.00 Lakh – Tax 10% Tax Amount = 25000 for Tax 5.00 to 10.00 Lakh = Tax 20% Tax Amount =  100000 for Tax	Income 3.0 lakh – tax 0% Income 3.00 to 5.00 Lakh – Tax 10% Tax Amount =  20000 for Tax 5.00 to 10.00 Lakh = Tax 10% Tax Amount = 50000 for Tax
Saving = 55000 Yearly
Income 2.50 lakh – tax 0% Income 2.50 to 5.00 Lakh – Tax 10% Tax Amount = 25000 for Tax 5.00 to 10.00 Lakh = Tax 20% Tax Amount =  100000 for Tax 10.00 to 15.00 Lakh = 30% Tax Amount= 1.50 Lakh	Income 3.0 lakh – tax 0% Income 3.00 to 5.00 Lakh – Tax 10% Tax Amount = 20000 for Tax 5.00 to 10.00 Lakh = Tax 10% Tax Amount = 50000 for Tax 10.00 to 15.00 Lakh = 20% Tax Amount= 1.00 Lakh
Saving = 105000 Yearly
Income 2.50 lakh – tax 0% Income 2.50 to 5.00 Lakh – Tax 10% Tax Amount = 25000 for Tax 5.00 to 10.00 Lakh = Tax 20% Tax Amount =  1.0 Lakh for Tax 10.00 to 20.00 Lakh = 30% Tax Amount= 3.00 Lakh	Income 3.0 lakh – tax 0% Income 3.00 to 5.00 Lakh – Tax 10% Tax Amount = 20000 for Tax 5.00 to 10.00 Lakh = Tax 10% Tax Amount = 50000 for Tax 10.00 to 20.00 Lakh = 20% Tax Amount= 2.00 Lakh
Saving = 155000 Yearly
	Above 20.00 Lakh= Tax 30%

Direct Link for Union Budget 2016 notification