Income Tax Slab Rates For AY 2016-17 (FY 2015-16)

Income tax slab rates are reviewed by the government in Budget every year. But the tax slabs have not been changed for the last few years. Here is a primer on income tax slab rates for AY 2016-17 (FY 2015-16). Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year. Individuals with taxable income below Rs 5,00,000 are allowed to claim a tax rebate of Rs 5,000 on tax payable from FY 2016...