Tax Slabs in India

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Different Tax Slabs in India


 Income Tax Slabs for FY 2015-16

Income General (non-senior citizens ) CategorySenior Citizens : Males and Females above 60 years of age, but below 80 yearsVery Senior Citizens (Males and Females above 80 years of age)
Upto Rs. 2,50,000NilNilNil
Rs. 2,50,001 >= 5,00,00010% of teh amount exceeding Rs. 2,50,00010% of the total amount exceeding Rs. 3,000,00NIL
Rs. 5,00,001 >= Rs. 10,00,000Rs.25000 + 20% of amount exceeding Rs. 5,000,00Rs.20,000 + 20% of amount exceeding Rs. 5,000,0020% of amount exceeding Rs. 5,000,00
Above Rs. 10,00,000Rs. 125000 + 30% of amount exceeding Rs. 10,000,00Rs. 120,000 + 30% of amount exceeding Rs. 10,000,00Rs100,000 + 30% of amount exceeding Rs. 10,000,00

If income <= 5,000,00 Rebate of 2000 on calculated tax. So maximum tax payable Rs 23000 If income > 5,000,00 Tax payable : Rs 25,000 + 20% tax on income above Rs 5 lakh
Surchare : 12% if income > Rs. 1 crore
Education cess @ 3% of total tax and surcharge

ExemptionsAmount
Surcharge
Taxable income > Rs. 1 Crore Individuals, Senior Citizens, Very Senior Citizens, HUFs, AOPs, BOIs, artificial juridical persons, firms, cooperative societies and local authorities
12% of Income Tax
Education3% of (Total income tax + surcharge)
Transport allowanceRs. 1,600/- per month
Section 80D:
Deduction for Medical Insurance premium
Rs. 25,000/-
Section 80D
Deduction for Medical Insurance premium for Senior Citizens
Rs. 30,000/-
Investment in Sukanya Samriddhi SchemeEligible for deduction u/s 80C and any payment from the scheme shall not be liable to tax.
Section 80DDB
Deduction in case of very senior citizens on expenditure on account of specified diseases
Rs. 80,000/-
Section 80DD(dependent/family member)
Medical treatment and maintenance of a dependent person with disability
Rs. 75,000/-
Section 80DD(dependent/family member)
Medical treatment and maintenance of a dependent person with severe disability
Rs. 1,50,000/-
Section 80U(self)
Person with disability
Rs. 75,000/-
Section 80U(self)
Person with severe disability
Rs. 1,50,000/-
Section 80CCC
Contribution to provident fund of LIC or IRDA approved insurer
Rs. 1,50,000/-
Section 80CCD
Contribution by the employee to National Pension Scheme (NPS)
Rs. 1,50,000/-


Professional Tax

If you are a professional or a working individual of a reputed organization, then you are required to pay professional tax. Professional tax in India is a state-level duty.

What is professional tax?

In India, this tax is imposed by various states. It is imposed on business owners, working individuals, merchants and people carrying out various occupations. The following states impose this levy in India - Karnataka, West Bengal, Andhra Pradesh, Maharashtra, Tamilnadu, Gujarat, and Madhya Pradesh.

Professional tax is levied by particular Municipal Corporations and majority of the Indian states impose this duty. It is a source of revenue for the government. The maximum amount payable per year is ` 2,400/- and in line with your salary, there are predetermined slabs. It is paid by every member of staff employed in private companies. It is subtracted by the employer each month and sent to the Municipal Corporation. It is compulsory as income tax. You will be eligible for income tax deduction for this payment.

Criteria in various states of India

In Maharashtra, this duty is applicable both on individuals and companies as laid down by the guidelines of the Maharashtra Professional Tax Act of 1975.

Every individual living in Maharashtra, involved in any business, profession, occupation or employment is legally responsible to pay it and has to get a Certificate of Enrolment from the Professional Authority.

As soon as you receive this certificate, you can fulfill your personal tax liability for 5 years by making a one-time payment, which is equivalent to the sum of Professional Tax for 4 years beforehand, getting relief for payment of one year.

In Tamil Nadu, it is imposed by the Municipal Council on businessmen, professionals, and employed individuals.

Every company which conducts business and every individual, who is involved directly in any business, occupation, or employment in the town panchayat on the first day of the half-year for which return has been submitted, needs to pay biannual tax at the rates stipulated.

Professional Tax Slabs in Various States

Andhra Pradesh
Salary Slabs per monthPayable Tax per month
Upto ` 5,000/-Nil
` 5,000/- to ` 6,000/- ` 60/-
` 6,000/- to ` 10,000/- ` 80/-
` 10,000/- to ` 15,000/- ` 100/-
` 15,000/- to ` 20,000/- ` 150/-
` 20,000/- and above ` 200/-


Assam
Salary Slabs per monthPayable Tax per month
Upto ` 3,500/-Nil
` 3,501/- to ` 5,000/- ` 30/-
` 5,001/- to ` 7,000/- ` 75/-
` 7,001/- to ` 9,000/- ` 110/-
` 9,001/- and above ` 208/-


Chhattisgarh
Salary Slabs per monthPayable Tax per month
Upto ` 12,500/-Nil
` 12,501/- to ` 16,667/- ` 150/-
` 16,668/- to ` 20,833/- ` 180/-
` 20,834/- to ` 25,000/- ` 190/-
` 25,001/- & above ` 200/-


Gujarat
Salary Slabs per monthPayable Tax per month
Upto ` 2,999Nil
` 3,000/- to ` 5,999/- ` 20/-
` 6,000/- to ` 8,999/- ` 80/-
` 9,000/- to ` 11,999/- ` 150/-
Rs 12,000/- and above ` 200/-


Karnataka
Salary Slabs per monthPayable Tax per month
` 3,000/- to ` 5,000/- ` 30/-
` 5,000/- to ` 8,000/- ` 60/-
` 8,000/- to ` 10,000/- ` 100/-
` 10,000/- to ` 15,000/- ` 150/-
` 15,000/- and above ` 200/-


Kerala
Salary Slabs per monthPayable Tax per month
Upto ` 1,999/-Nil
` 2000/- to ` 2999/- ` 20/-
` 3000/- to ` 4,999/- ` 30/-
` 5,000/- to ` 7,499/- ` 50/-
` 7,500/- to ` 9,999 ` 75/-
` 10,000/- to ` 12,499/- ` 100/-
` 12,500/- to ` 16,666/- ` 125/-
` 16,667/- to ` 20,833/- ` 166/-
` 20,834/- and above ` 208/-


Madhya Pradesh
Salary Slabs per monthPayable Tax per month
Upto ` 10,000/-Nil
` 10,001/- to ` 12500/- ` 88/-**
` 12,501/- to ` 15,000/- ` 125/-
` 15,001/- & above ` 208/- ##
** upto Feb. ` 88, March ` 87/- 
## upto Feb ` 208/-, March ` 212/-


Maharashtra
Salary Slabs per monthPayable Tax per month
Upto ` 2,500/-Nil
` 2,500/- to ` 3,500/- ` 60/-
` 3,500/- to ` 5,000/- ` 120/-
` 5,000/- to ` 10,000/- ` 175/-
` 10,000/- and above ` 200/-**
*upto Feb ` 200/- p.m. & Mar ` 300/- p.m.


Meghalaya
Salary Slabs per monthPayable Tax per month
Upto ` 4,166/-Nil
` 4,167/- to ` 6,250/- ` 16.50/-
` 6,251/- to ` 8,333/- ` 25/-
` 8,334/- to ` 12,500/- ` 41.50/-
Rs 12,501./- to ` -16,666 ` 62.50/-
` 16,667/- to ` 20,833/- ` 33/-
` 20,834/- to ` 25,000/- ` 35/-
` 25,001/- and above ` 38/-


Orissa
Salary Slabs per monthPayable Tax per month
Upto ` 5000/-Nil
` 5,001/- to ` 6,000/- ` 30/-
` 6,001/- to ` 8,000/- ` 50/-
` 8,001/-to ` 10,000/- ` 75/-
` 10,001/- to ` 15,000/- ` 100/-
` 15,001/- to ` 20,000/- ` 150/-
` 20,001/- & above ` 200/-


Tamil Nadu
Salary Slabs per monthPayable Tax per month
Upto ` 3,500/-Nil
` 3501/- to ` 5000/- ` 16.50/-
` 5001/- to ` 7500/- ` 39/-
` 7501/- to ` 10000/- ` 85/-
` 10001/- to ` 12500/- ` 126.50/-
` 12501/- & above ` 182.50/-


Tripura
Salary Slabs per monthPayable Tax per month
Upto ` 2500/-Nil
` 2501/- to ` 3500/- ` 55/-
` 3501/- to ` 4500/- ` 85/-
` 4501/- to ` 6500/- ` 100/-
` 6501/- to ` 10000/- ` 140/-
` 10001/- and above ` 180/-


West Bengal
Salary Slabs per monthPayable Tax per month
Upto ` 5,000/-Nil
` 5,001/- to ` 6,000/- ` 40/-
` 6,001/- to ` 7,000/- ` 45/-
` 7,001/- to ` 8,000/- ` 50/-
` 8,001/- to ` 9,000/- ` 90/-
` 9,001/- to ` 15,000/- ` 110/-
` 15,001/- to ` 25,000/- ` 130/-
` 25,001/- to ` 40,000/- ` 150/-
` 40,001/- and above ` 200/-


In New Delhi
IncomeTax to be imposed
Upto ` 1,10,000Nil
From ` 1,10,000 To ` 1,45,000Nil
From ` 1,45,000 To ` 1,50,00010.00%
From ` 1,50,000 To ` 1,95,00020.00%
From ` 1,95,000 To ` 2,50,00020.00%
More than ` 2,50,00030.00%


Last Updated on April 30, 2015

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