Finance Minister has changed the tax slab rates for Dy 2015-16 . However a New additional surcharge @ 2 has been imposed on individual/Huf having total income of more than one crore.CMA Pravesh Sharma has compiled the rates from financial year 1985-86 to Financial year 2015-16 for us and made a small Income tax calculator for Last 30 years ,which we think is useful for our readers. Link to download the calculator is given at he end of the post.
Please report error if any to us or directly to CMA Pravesh Sharma.
Version 1.1 updated 03.03.2015
Pravesh Kumar Sharma
B-204, Kanta Khaturiya Colony, Bikaner