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| *images are only for presentation only |
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
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Projected New Tax Slab and Tax Amount After April 2016
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Income 2.50 lakh – tax 0%
Income 2.50 to 5.00 Lakh – Tax 10%
Tax Amount = 25000 for Tax
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Income 3.0 lakh – tax 0%
Income 3.00 to 5.00 Lakh – Tax 10%
Tax Amount = 20000 for Tax
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Saving = 5000 Yearly
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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
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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
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Saving = 55000 Yearly
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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
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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
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Saving = 105000
Yearly
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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
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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
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Saving = 155000
Yearly
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Above 20.00 Lakh= Tax 30%
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Direct Link for Union Budget 2016 notification
