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in

Enter the Financial Year

Enter the type of Individual

Enter Total Income

Base Tax

2015-16

Individual (Men & Women) below 60 Years of age

1,500,000.00

275,000.00

Add: Surcharge

275,000.00

Less: Deduction u/s 87A

275,000.00

Less: Marginal Relief for Surcharge

275,000.00

Add: Education Cess

Total Income tax payable

8,250.00
283,250.00

Prepared by srikantagarwal@bharatpetroleum.in, srikant.agarwal@gmail.com

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Enter the Financial Year

Enter the type of Individual

2015-16

Individual (Men & Women) below 60 Years of age

Assessment Year

2016-17

Basic Exemption upto Rs

Rs 2,50,000

Tax @ 10%

Rs 2.50 lac to 5 Lacs

Tax @ 20%

Rs 5 Lac to 10 Lacs

Tax @ 30%

in Excess of Rs 10 Lacs

Surcharge

@ 12% If Total Income > Rs 1 Crore

Education Cess

@ 3%

Deduction u/s 87A

Lower of (Rs 2,000 or actual tax payable) for Individual having Total
Income < Rs 5 Lacs

Prepared by srikantagarwal@bharatpetroleum.in, srikant.agarwal@gmail.com