This page holds the calculator for Indian Income Tax Calculation - Financial Year 2015 - 2016, which helps you dynamically calculate the annual salary taxable amount. Through this Indian Income Tax calculator you can calculate the total tax amount as well as the segregated tax such as Income Tax, Surchage, Educational Cess, Secondary and Higher Educational Cess for salaried employees. The government imposes a tax on all taxpayers and any other artificial judicial person.
Indian Income Tax rate for Financial Year 2015 - 2016 will dynamically change based on the annual income of the salaried employees. No tax rate is imposed for individuals who earn below 2.5 lakhs, 10% is imposed for 2 to 5 lakhs, 20% for 5 to 10 lakhs and 30% for above 10 lakhs.