Income Tax Rates
Home / Income Tax Rates| Assessment Year : 2015-16 Financial Year : 2014-15 | ||
| IND/ HUF/ AOP/ BOI | ||
| Basic Exemption | 250000 | |
| Tax Rate | ||
| Upto | 500000 | 10% |
| Upto | 800000 | 20% |
| Upto | 1000000 | 20% |
| Above | 1000000 | 30% |
| Surcharge | ||
| [if net income exceeds Rs. 50 Lakhs, but Less than Rs. 1 Crore] | 0% | |
| [if net income exceeds Rs. 1 Crore] | 10% | |
| Cess | 3% | |
| Basic Exemption - for | Age | |
| Very Senior Citizen | 80 & above | 500000 |
| Senior Citizen | 60-80 | 300000 |
| Women | Belwo 60 | 250000 |
| Firm/ LLP | ||
| Tax Rate | 30% | |
| Surcharge | ||
| [if net income exceeds Rs. 1 Crore] | 10% | |
| AMT for LLP - % of Book Profit u/s 115JC | 18.50% | |
| Cess | 3% | |
| Domestic Company | ||
| Tax Rate | 30% | |
| Surcharge | ||
| Total income exceeding Rs. 1 Crore but upto Rs. 10 Cr. | 5% | |
| Total income exceeding Rs. 10 cr. | 10% | |
| MAT - % of Book Profit u/s 115JB | 18.50% | |
| Dividend Tax u/s 115-O | 15% | |
| Surcharge | 10% | |
| Cess | 3% | |