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Tax Slab in case of an Individual (resident or non-resident)

Assessment Year 2016-17


Taxable Income Tax Rates
Up to 2,50,000 Nil
2,50,001-5,00,000. 10% ( Add 3% Education cess)
5,00,001-10,00,000 20% ( Add 3% Education cess)
Above 10,00,000 30% ( Add 3% Education cess)
Surcharge is nil education cess @ 3% of Income Tax will apply.

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