Tax Planning

Individual Tax Slab

Individual Tax Slab for Current Financial Year:-2016 -2017 (A.Y. 2017-2018)

INCOME TAX SLABS & RATES:FY 2016-2017 (A.Y.2017-2018)
INCOME SLABS GENERAL CATEGORY(NON SENIOUR CITIZEN) SENIOUR CITIZENS(60 & ABOVE YEARS OF AGE, BUT BELOW 80 YEARS) VERY SENIOUR CITIZENS(80 YEARS & ABOVE OF AGE)
INCOME TAX RATE
Upto Rs. 2,50,000 Nil Nil Nil
Rs. 2,50,001 to Rs. 3,00,000 10% Nil Nil
Rs. 3,00,001 to Rs. 5,00,000 10% 10% Nil
Rs. 5,00,001 to Rs. 10,00,000 20% 20% 20%
Above Rs. 10,00,000 30% 30% 30%

CAPITAL GAIN TAXATION

ASSET CLASS REAL ESTATE EQUITY/ EQUITY FUND DEBT FUND FIXED DEPOSIT
STCG(MINIMUM HOLDING PERIOD IN MONTHS) ADD TO TAXABLE INCOME(0 TO 36 Month ) 155(0 TO 12 Month) ADD TO TAXABLE INCOME (0 TO 36 Month ) INTEREST ADD TO TAXABLE INCOME ON ACCRUAL On BASIS
LTCG(MINIMUM HOLDING PERIOD IN YEARS) 20 % AFTER INDEXATION (ABOVE 3 YEARS) 0%(ABOVE 1 YEAR) 20% AFTER INDEXATION (ABOVE 3 YEARS)