Friday, December 18, 2015
by
Indian Real Estate News
Income Tax Slabs for 2015 - 2016
Senior citizens between 60-80 years would get a basic exemption limit of Rs 3 lakh
Tax slab for individuals below 60 years:
Basic exemption of up to R2.5 lakh: Nil tax
R2.5 lakh-R5.0 lakh: 10 per cent plus cess
R5 lakh-R10 lakh: 20 per cent plus cess
R10 lakh and above: 30 per cent plus cess
Senior citizens (60-80 years)
Senior citizens between 60-80 years would get a basic exemption of R3 lakh.
R3-R5 lakh: 10 per cent plus cess
R5-R10 lakh: 20 per cent plus cess
R10 lakh above: 30 per cent plus cess
Super senior citizens (above 80 years)
Super senior citizens above 80 years would get a basic exemption of R5 lakh.
R5-R10 lakh: 20 per cent plus cess
R10 lakh and above: 30 per cent plus cess
There will be an additional surcharge of 12 per cent on income above R1 crore. This applies to all three class.
Best Tax Saver Mutual Funds for 2016 or Top ELSS Mutual Funds for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. IDFC Tax Advantage (ELSS) Fund
4. ICICI Prudential Long Term Equity Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. DSP BlackRock Tax Saver Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
Invest in Tax Saver Mutual Funds Online
Invest Online
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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