7th CPC Order, OM, Report - Collection$type=ticker$count=12$cate=0

Rates of Income-Tax as per Union Budget 2016-17

BUDGET 2016-17 - FINANCE BILL, 2016 
PROVISIONS RELATING TO DIRECT TAXES

A. RATES OF INCOME-TAX

I. Rates of income-tax in respect of income liable to tax for the assessment year 2016-2017.
In respect of income of all categories of assessees liable to tax for the assessment year 2016-2017, the rates of income-tax have been specified in Part I of the First Schedule to the Bill. These are the same as those laid down in Part III of the First Schedule to the Finance Act, 2015, for the purposes of computation of "advance tax", deduction of tax at source from "Salaries" and charging of tax payable in certain cases.


(1) Surcharge on income-tax

Surcharge shall be levied in respect of income liable to tax for the assessment year 2016-2017, in the following cases:-

(a) in the case of every individual or Hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of Act, cooperative societies, firms or local authorities, the amount of income-tax shall be increased by a surcharge for the purposes of the Union at the rate of twelve percent. of such income-tax in case of a person having a total income exceeding
one crore rupees.

However, marginal relief shall be allowed in all these cases to ensure that the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

Also, in the case of persons mentioned in (a) above having total income chargeable to tax under section 115JC of the Act and where such income exceeds one crore rupees, surcharge at the rate mentioned above shall be levied and marginal relief shall also be provided.

(b) in the case of a domestic company-

(i) having total income exceeding one crore rupees but not exceeding ten crore rupees, the amount of income-tax computed shall be increased by a surcharge for the purposes of the Union calculated at the rate of seven per cent. of such income tax;

(ii) having total income exceeding ten crore rupees, the amount of income-tax computed shall be increased by a surcharge for the purposes of the Union calculated at the rate of twelve per cent. of such income-tax.

(c) in the case of a company, other than a domestic company,-
(i) having total income exceeding one crore rupees but not exceeding ten crore rupees, the amount of income-tax computed shall be increased by a surcharge for the purposes of the Union calculated at the rate of two per cent. of such income tax;
(ii) having total income exceeding ten crore rupees, the amount of income-tax computed shall be increased by a surcharge for the purposes of the Union calculated at the rate of five per cent. of such income tax.

However, marginal relief shall be allowed in all these cases to ensure that the total amount payable as income-tax and surcharge on total income exceeding one crore rupees but not exceeding ten crore rupees, shall not exceed the total amount payable as income-tax on a total income of one crore rupees, by more than the amount of income that exceeds one crore rupees.

The total amount payable as income-tax and surcharge on total income exceeding ten crore rupees, shall not exceed the total amount payable as income-tax and surcharge on a total income of ten crore rupees, by more than the amount of income that exceeds ten crore rupees.

Also, in the case of every company having total income chargeable to tax under section 115JB of the Act and where such income exceeds one crore rupees but does not exceed ten crore rupees, or exceeds ten crore rupees, as the case may be, surcharge at the rates mentioned above shall be levied and marginal relief shall also be provided.

(d) In other cases (including sections 115-O, 115QA, 115R or 115TA), the surcharge shall be levied at the rate of twelve percent.

(2) Education Cess -

For the assessment year 2016-2017, additional surcharge called the "Education Cess on income-tax" and "Secondary and Higher Education Cess on income-tax" shall continue to be levied at the rate of two per cent. and one per cent., respectively, on the amount of tax computed, inclusive of surcharge, in all cases. No marginal relief shall be available in respect of such Cesses.

II. Rates for deduction of income-tax at source during the financial year 2016-2017 from certain incomes other than "Salaries".
The rates for deduction of income-tax at source during the financial year 2016-2017 from certain incomes other than "Salaries" have been specified in Part II of the First Schedule to the Bill. The rates for all the categories of persons will remain the same as those specified in Part II of the First Schedule to the Finance Act, 2015, for the purposes of deduction of income-tax at source during the financial year 2015-2016, except that in case of payments made to a resident (other than a company), in the nature of income by way of insurance commission, the rate shall be five per cent. of such income.

(1) Surcharge 
The amount of tax so deducted, in the case of a non-resident person (other than a company), shall be increased by a surcharge at the rate of, -

(i) fifteen per cent. of such tax, in case of an individual, Hindu undivided family, association of person, body of individual or artificial juridical person;

(ii) twelve per cent. of such tax, in case of a firm or cooperative society, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds one crore rupees.

The amount of tax so deducted, in the case of a company other than a domestic company, shall be increased by a surcharge,-

(i) at the rate of two per cent. of such tax, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds one crore rupees but does not exceed ten crore rupees;

(ii) at the rate of five per cent. of such tax, where the income or the aggregate of such incomes paid or likely to be paid and subject to the deduction exceeds ten crore rupees.

No surcharge will be levied on deductions in other cases.

(2) Education Cess-

"Education Cess on income-tax" and "Secondary and Higher Education Cess on income-tax" shall continue to be levied at the rate of two per cent. and one per cent. respectively, of income tax including surcharge wherever applicable, in the cases of persons not resident in India including company other than a domestic company.

III. Rates for deduction of income-tax at source from "Salaries", computation of "advance tax" and charging of income-tax in special cases during the financial year 2016-2017.

The rates for deduction of income-tax at source from "Salaries" during the financial year 2016-2017 and also for computation of "advance tax" payable during the said year in the case of all categories of assessees have been specified in Part III of the First Schedule to the Bill. These rates are also applicable for charging income-tax during the financial year 2016-2017 on current incomes in cases where accelerated assessments have to be made, for instance, provisional assessment of shipping profits arising in India to non-residents, assessment of persons leaving India for good during the financial year, assessment of persons who are likely to transfer property to avoid tax, assessment of bodies formed for a short duration, etc.

The salient features of the rates specified in the said Part III are indicated in the following paragraphs

A. Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person.

Paragraph A of Part-III of First Schedule to the Bill provides following rates of income-tax:-
rates+income+tax+ub+16+17

(i) The rates of income-tax in the case of every individual (other than those mentioned in (ii) and (iii) below) or Hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Act (not being a case to which any other Paragraph of Part III applies) are as under:-

Upto Rs. 2,50,000 Nil.
Rs. 2,50,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 10,00,000 20 per cent.
Above Rs. 10,00,000 30 per cent.

(ii) In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year,-

Upto Rs.3,00,000 Nil.
Rs. 3,00,001 to Rs. 5,00,000 10 per cent.
Rs. 5,00,001 to Rs. 10,00,000 20 per cent.
Above Rs. 10,00,000 30 per cent.

(iii) in the case of every individual, being a resident in India, who is of the age of eighty years or more at anytime during the previous year,-

Upto Rs. 5,00,000 Nil.
Rs. 5,00,001 to Rs. 10,00,000 20 per cent.
Above Rs. 10,00,000 30 per cent.

The amount of income-tax computed in accordance with the preceding provisions of this Paragraph shall be increased by a surcharge at the rate of fifteen percent. of such income-tax in case of a person having a total income exceeding one crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

B. Co-operative Societies

In the case of co-operative societies, the rates of income-tax have been specified in Paragraph B of Part III of the First Schedule to the Bill. These rates will continue to be the same as those specified for financial year 2015-16.

The amount of income-tax shall be increased by a surcharge at the rate of twelve percent. of such income-tax in case of a co-operative society having a total income exceeding one crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

C. Firms
In the case of firms, the rate of income-tax has been specified in Paragraph C of Part III of the First Schedule to the Bill. This rate will continue to be the same as that specified for financial year 2015-16.

The amount of income-tax shall be increased by a surcharge at the rate of twelve percent. of such income-tax in case of a firm having a total income exceeding one crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

D. Local authorities

The rate of income-tax in the case of every local authority is specified in Paragraph D of Part III of the First Schedule to the Bill. This rate will continue to be the same as that specified for the financial year 2015-16.

The amount of income-tax shall be increased by a surcharge at the rate of twelve percent. of such income-tax in case of a local authority having a total income exceeding one crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

E. Companies
The rates of income-tax in the case of companies are specified in Paragraph E of Part III of the First Schedule to the Bill. In case of domestic company, the rate of Income-tax shall be twenty nine per cent. of the total income if the total turnover or gross receipts of the company in the previous year 2014-15 does not exceed five crore rupees and in all other cases the rate of Income tax shall be thirty per cent. of the total income.

In order to provide relief to newly setup domestic companies engaged solely in the business of manufacture or production of article or thing, it is proposed to amend the Act by way of insertion of new section 115BA, to provide that the income-tax payable in respect of the total income of a domestic company for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2017 shall be computed @ 25% at the option of the company, if, -

(i) the company has been setup and registered on or after 1st day of March, 2016;

(ii) the company is engaged in the business of manufacture or production of any article or thing and is not engaged in any other business;

(iii) the company while computing its total income has not claimed any benefit under section 10AA, benefit of accelerated depreciation, benefit of additional depreciation, investment allowance, expenditure on scientific research and any deduction in respect of certain income under Part-C of Chapter-VI-A other than the provisions of section 80JJAA; and

(iv) the option is furnished in the prescribed manner before the due date of furnishing of income.

In the case of a company other than a domestic company, the rates of tax are the same as those specified for the financial year 2015-16.

Surcharge at the rate of seven per cent shall be levied in case of a domestic company if the total income of the domestic company exceeds one crore rupees but does not exceed ten crore rupees. Surcharge at the rate of twelve percent shall be levied if the total income of the domestic company exceeds ten crore rupees. In case of companies other than domestic companies, the existing surcharge of two per cent. shall continue to be levied if the total income exceeds one crore rupees but does not exceed ten crore rupees. Surcharge at the rate of five percent shall continue to be levied if the total income of the company other than domestic company exceeds ten crore rupees.

However, the total amount payable as income-tax and surcharge on total income exceeding one crore rupees but not exceeding ten crore rupees, shall not exceed the total amount payable as income-tax on a total income of one crore rupees, by more than the amount of income that exceeds one crore rupees. The total amount payable as income-tax and surcharge on total income exceeding ten crore rupees, shall not exceed the total amount payable as income-tax and surcharge on a total income of ten crore rupees, by more than the amount of income that exceeds ten crore rupees.

In other cases (including sections 115-O, 115QA, 115R, 115TA or 115TD), the surcharge shall be levied at the rate of twelve percent.

For financial year 2016-2017, additional surcharge called the "Education Cess on income-tax" and "Secondary and Higher Education Cess on income-tax" shall continue to be levied at the rate of two per cent. and one per cent. respectively, on the amount of tax computed, inclusive of surcharge (wherever applicable), in all cases. No marginal relief shall be available in respect of such Cesses.

[Clause 2, 49 & First Schedule]


Stay connected with us via Facebook, Google+ or Email Subscription.

Subscribe to Central Government Employee News & Tools by Email [Click Here]
Follow us: Twitter [click here] | Facebook [click here] Google+ [click here]
Admin

COMMENTS

BLOGGER: 1
Loading...
Name

100 percent da,19,10th Bipartite Settlement,52,6 CPC Order,7,7th CPC Bunching of Stages,14,7th CPC Charter of Demands,93,7th cpc interim report,12,7th CPC Meeting,149,7th CPC Notification,202,7th CPC Projected Pay,188,7th CPC Questionnaire,16,7th CPC Recommendation,593,7th CPC Report,129,7th CPC Terms of Reference,41,Aadhar,7,Absorption,40,Ad-hoc Bonus,24,Additional Allowance,4,Additional Pension,5,Administrative Reforms,17,Advance Increment,4,Adventure Sports,9,Age Relaxation,16,AGIF,5,AIIMS,12,Air Travel,59,AIRF memorandum to 7th CPC,4,Airport Employees,7,All India Service,74,Allowances,365,Alteration of Date of Birth,6,Annual Allowance,1,Antarctica Allowance,1,Anubhav,14,APAR,38,Area Welfare Officer,5,Armed Forces Tribunal,18,Army Welfare Fund,7,Artisan Staff,11,Ashok Kumar Mathur,9,Atal Pension Yojna,11,Autonomous Bodies,65,awards,13,Bank,174,Bariatric Surgery,2,Benevolent Fund,3,bhavishya,12,Bhutan Compensatory Allowance,7,Bio-metric Attendance,36,Bonus,129,Bonus Order 2014,9,Bonus Order 2015,13,Bonus Order 2016,7,Bonus Order 2017,10,Breakdown Allowance,1,BRO,16,BSNL,76,BSNL IDA Pensioner,22,BSNLMRS,2,Budget 2014,12,budget 2015,22,Budget 2016,1,Budget 2017,22,Budget 2017-18,6,cadre management,17,Cadre Restructuring,166,Cancer Treatment,8,Cantonment Board Employees,3,Cash Handling Allowance,5,cashless treatment,14,Casual Leave,4,CAT jurisdiction,1,CAT Order,63,CBDT Order,28,CBEC,13,CBEC CR,9,CBSE,22,CCS (CCA) Rules,52,CCS (Conduct) Rules,50,CCS (Joining Time) Rules,6,CCS (Leave) Rules,45,CCS (RP) Rules 2008,36,CCS (RP) Rules 2016,71,CEA,34,CEA Form,4,Central Administrative Tribunal,2,Central Government Employee Calendar,25,central government employee news,39,Central Pension Accounting Office,106,Central Secretariat Service,5,Central Universities,27,CG Counsel,1,cgda,109,CGEGIS,18,CGEGIS TABLE,11,CGEWHO,65,CGEWHO Noida,18,Cghs,373,CGHS Agartala,1,CGHS AHMEDABAD,5,CGHS AIZAWl,1,CGHS ALLAHABAD,4,cghs BENGALURU,3,cghs bhopal,5,CGHS BHUBANESWAR,2,CGHS CHANDIGARH,4,cghs CHENNAI,2,CGHS Clarification,62,cghs dehradun,3,Cghs Delhi,67,cghs empanelment,127,Cghs Gangtok,1,CGHS GUWAHATI,4,CGHS HOSPITAL LIST,29,CGHS HYDERABAD,5,Cghs Imphal,1,cghs jabalpur,3,cghs jaipur,5,cghs kanpur,3,Cghs Kohima,1,cghs kolkata,3,cghs lucknow,2,CGHS MEERUT,4,cghs mumbai,4,cghs nagpur,2,cghs patna,2,CGHS plastic cards,8,cghs pune,1,cghs ranchi,2,cghs rates,43,cghs trivendrum,2,CGWB,3,Child Care Leave,31,Children Education Allowance,32,CIP(IW),1,Citizen Charter,2,Civil Accounts Organisation,43,Civil Services Examination,17,cleanliness pledge,2,cmss,1,Coal Pilot Allowance,3,Collection of Order,1,Commercial Duty Allowance,3,Commercial Employment after Retirement,9,Commutation of Pension,30,commuted Leave,6,compassionate appointment,60,Compensatory allowance,3,Compensatory Leave,3,Composition of 7th CPC,9,Compulsory Retirement,14,computer advance,4,computer help,7,Concordance Tables,10,Condiment Allowance,1,Confederation 7th cpc memorandum,4,confirmation,3,Constant Attendant Allowance,14,Consumer Price Index,4,Contingent Employee,10,Contract Labour,104,Conveyance Allowance,3,Court Order,79,CPAY,1,CPF Pensioner,23,CPGRAMS,9,CPMA,4,CPMF,96,CPSE,119,cpse ida,41,CS(MA) Rules,62,cscs,10,CSD,38,CSS,37,CSSS,13,cvc,58,Cycle Maintenance Allowance,5,DA from 01-07-2011,3,DA from Jan 2012,5,DA from Jan 2013,16,DA from Jan 2014,22,DA from Jan 2015,16,da from Jan 2016,10,DA from Jan 2017,7,DA from Jan 2018,1,da from Jul 2012,13,DA from Jul 2013,16,da from jul 2014,11,DA from Jul 2015,9,DA from Jul 2016,14,DA from Jul 2017,10,Daily Allowance,14,Daily Officiating Allowance,1,Damage Rate,1,DAPWA,1,Data Entry Operator,5,Database of Employees,2,date of next increment,43,DCMAF,4,DCRG,6,Dearness Allowance,146,Dearness Pay,3,Dearness Relief,81,Debt Recovery Tribunals,2,Defence Civilian Employees,100,Defence personnel,529,Dental Clinics,2,Department Canteen,19,Deputation,57,Desk Allowance,1,dgqa,1,Dictionary,3,Digital Signature Certificates,1,Direct Tax Code,2,Directorate of Estates,76,Disability Pension,61,Disciplinary Authority,22,DIT,9,Divorced Daughter,2,DNI falls Feb-Jun,8,doppw,4,DOPT,40,DoPT Order,356,Double HRA,6,Double Tpt Allowance,1,dpc,22,Draftsmen,4,DRDO,6,Dress Allowances,6,e-awas,6,e-filing,28,E-Governance,13,e-IPO,1,E-office,12,e-payment,23,E-Revision,15,e-samarth,2,Earned Leave,8,ECHS,82,ECI,1,EDLI 1995,4,edp allowance,1,EDP Cadre,7,Education,85,Ekta Diwas,2,Election,22,Eligibility of Teacher,14,email Policy,1,emergency treatment,7,Empanelment under CSMA Rules,21,Employee Pension Scheme,19,Employees Deposit Linked Scheme,1,Engineering Cadre,20,eNPS,6,Entry Pay on Promotion,24,EOL,1,EPFO,122,EPFS 1952,50,ERS,3,ESIC,25,eTDS return,15,EVC,5,ex-gratia,33,Ex-India Leave,4,Ex-Indian Coast Guards,1,EX-SERVICEMAN,581,Excel Tips,5,Exemption from Return Filing,11,Expected DA,72,Extension in Service,3,Extra Ordinary Leave,1,Extra Work Allowance,1,extraordinary pension,25,Facilitation Fee,1,Family Pension,210,Family Planning Allowance,8,FAQ,70,Festival Offer,9,Fin Min Order,109,Finance Act 2013,1,Financial year 2012-13,2,Firefighting Staff,1,Fitment Formula,57,fixed medical allowance,43,Flexible Complementing Scheme,2,Flying Training,2,Foreign Allowance,2,Foreign Visit,8,form 14,1,Form 16,3,Form 16A,2,Form 25,3,Form 26AS,2,Forms,60,Forwarding of Application,2,FR 15(a),2,FR 22,3,FR 26,1,FR 29,1,FR 35,1,FR 46B,1,FR 49,1,FR 56,18,Freedom Fighter Pension,20,Fundamental Rules,3,GAMS,1,Gandhi Jayanti,10,GAR-23,1,GDS,62,General Pool,60,Geological Survey of India,4,GFR,28,Government Holiday Calendar,39,Govt accommodation,110,Govt Tour,44,gpf,48,Grade pay of SO,49,Grameen Bank,2,Grant-in-aid,1,Gratuity,34,Gratuity Limit for Income Tax,3,greetings,4,group A,98,Group D,62,Guest House,15,Hard Area Allowance,11,Hard Station,2,Headquarter Allowance,2,health insurance scheme,17,hearing aid,3,Hierarchy,42,High Court Order,57,Higher Education,33,Hill Area Allowance,2,Hindi Incentive,5,Holiday Homes,37,Holiday Overtime,1,Honorarium,22,Hostel Facility in Universities,1,Hota Committee,1,House Rent Allowance,31,Housing Loan,4,HRA,35,IBA,27,Immovable Property Return,59,Implementation of 7th CPC,893,incentive for higher qualifications,3,Incentive for NER,3,Incentive to Sportsperson,13,Income Tax Exemption Limit,107,INCOME TAX,273,Income tax calculation,16,Indemnity Bond,1,Independence Day,2,India Water Week,1,INDU,4,Industrial Trades,18,Injury Leave,1,Inquiry Officer,12,insurance scheme,10,Intelligence Agencies,3,Interest of EPF,22,Interest of GPF,15,interest rate,26,Interim Relief,60,Internet facility to officer,1,Internship,3,Invalid Pension,3,Investment,2,IPv6,2,IRCTC,39,IRTSA,27,Island Special Duty Allowance,1,IT Cadre Restructuring,24,IT Return,50,Jawahar Navodaya Vidyalaya,12,JCM,348,Jeevan Pramaan,44,Joining Time,6,Kashmir Valley Special Concession,6,KBC,2,kendriya bhandar,2,Kendriya Vidyalaya Sangathan,165,Kilometreage Allowance,2,Kisan Vikas Patra,4,KV Admission Guidelines,21,KV Uniform,7,KYC,1,Lab Technician,14,Labour Bureau,8,Labour Laws,18,lactating mother allowance,1,LARGESS,3,Launch Campaign Allowance,1,LDC-UDC,79,LDCE/GDCE,29,Leave Encashment,14,leave management system,2,Legal Fee,1,Librarian,2,LIC,1,Licence Fee,12,Lien,3,Life Certificate,54,List of Holidays for year 2012,2,List of Holidays for year 2013,8,List of Holidays for year 2014,10,List of Holidays for year 2015,17,List of Holidays for year 2016,11,List of Holidays for year 2017,2,List of Holidays for year 2018,2,List of Posts,8,Liver Transplant Surgery,1,Liveries,1,loan advances,30,Loans and advances by Central Government,3,lodge complaints,2,Lok Sabha QA,42,lokpal,60,LTC,112,ltc to AN,8,LTC to JK,29,ltc to NE,22,LTC-80 Fare,19,MACP,183,Major Penalty,11,Married Accommodation Project,2,Maternity Leave,7,Medical Charges Reimbursement Bill Form,16,medical decategorization,2,Medical Examination of Group A Officers,4,Medical Professional,48,Memorandum to 7th cpc,82,merger of da,127,merger of grade pay,30,merger of post,13,Min HIPE,1,minimum wages,104,Ministerial Staff,34,Minor Penalty,6,Minority Community,1,Missing Family Member,6,Model School Organization,1,modified parity in pension,42,MOHALI HOUSING COLONY,3,Movable Property Return,50,MTNL,10,Multi Tasking Staff,19,NAC,104,national council meeting,14,National Holiday Allowance,5,National Level Monitors,1,National Mascot Design,1,National Pension System,100,NC JCM Memorandum to 7th CPC,31,NCH,1,NDG ESM Pensioner,1,new pension scheme,208,New Pension System,33,News,140,NFIR,3,NFSG,18,Night Duty Allowance,21,Nivaran,1,NLM,1,No Demand Certificate,1,Nomination Forms,4,Non-functional Upgradation,18,Notice for Pensioners,38,Notional Fixation,15,NPA,17,NSC,6,NSSF,3,Nursing Allowance,13,Nursing Institutions,6,Nursing Staff,6,nutritious dietary allowance,2,obc,34,office procedure,10,office space,5,Office Timing,45,Official Directory,1,Official Language Cadre,5,Official Secret Act,1,Officiating Pay,3,One Rank One Pension,360,Online Survey,1,ordnance factory,84,OROP Order,34,OTA,20,Outsourcing,7,Overpayment,7,PAC Recommendation,1,PAINTING,2,PAN,16,Paramilitary Allowance,3,Parangat,2,Passport,18,Paternity Leave,3,Patient Care Allowance,12,pay,8,Pay Anomaly,61,Pay Fixation,209,Payroll,7,PCDA Order,84,PCO Allowance,1,Pension,630,Pension Adalat,20,Pension Disbursement,66,Pension Form,7,Pension Revision,261,Pensioner Grievances,63,Pensioner I-Card,12,Pensioner Portal,135,Pensioners associations,130,pensioners retired prior to 1.1.2006,156,Penury Grant,2,Permanently disabled children,17,person with disability,80,Personal Pay,4,Personal Staff to Minister,5,PF Scheme,3,PFRDA Bill 2011,21,pgportal,2,pharmacist,2,Physical Training Instructor,1,PIB,4,Piece work calculation,3,Piece work incentive,5,Piece Work Profit,2,Piece Work Rates,3,Piece Work System,3,PLB,40,Pledge,7,PLR Scheme,1,Post Graduate Allowance,2,post office,168,PPF,15,PPF Scheme,9,PPO,56,Pragati,5,Pre-1996,5,Pre-2006,55,Pre-2016 Pensioners,85,pre-retirement counselling,19,Presenting Officer,1,Principal CAT,2,PRIS,21,probation,9,Professional Update Allowance,1,Project Dantak Bhutan,3,Promotions,150,Provisional Pension,7,public grievances,7,Public Provident Fund,8,punctuality,1,Qualification Pay,4,qualifying service,35,Railway Concession Form,3,Railway Servants (Pass) Rules,17,Railways,812,Railways Training Centre,6,Rajbhasha,34,Rajya Sabha QA,38,Rank Pay,22,Ration Money Allowance,6,RBI Circular,16,Re-employed ex-serviceman,53,Receipt Payment Rules,15,Recovery,11,Recruitment,168,Recruitment rules,163,Refreshment Rates,1,RELHS,8,Rent Free Accommodation Allowance,1,Reply to 7th CPC,12,requisition to SSC,3,reservation,132,Reservist Pension,1,residency period,4,Resignation,7,Rest Allowance,1,Retired Employee,48,Retired officers as Consultant,19,Retirement Adviser,1,retirement age,82,Retirement Road Map,60,review of records,2,revised pay rules,68,Right to Information Act 2012,4,Right to Information Act 2017,2,Right to Public Service Act,1,Risk Allowance,20,roster,2,Rotational Transfer Policy,13,Rounding Off,2,RTI,69,RTI Call Centre,4,rti online certificate course,2,Rule 10,1,Rule 16(3),1,running staff,27,Safai Karamcharies,1,Sainik School,2,Salary Disbursement,26,Sankalp,27,Sanskriti Schools,3,SAS Examination,7,Saving Bank Allowance,2,sc,23,scholarship Scheme,4,Schools,8,Scientific and Technical Posts,12,Scouts-Guides,2,SCOVA,63,Secretarial Assistance,1,Security Allowance,1,Self attestation,7,Self-certification,7,Senior Citizens,22,Seniority,17,Sensitive Posts,2,Service Book,14,Service Verification,6,Seventh Pay Commission,1703,Seventh Pay Commission Report,278,Sexual Harassment,25,Shramev Jayate,1,shunting duty allowance,2,Siachen Allowance,1,Sitting Fee Allowance,2,small saving scheme,46,social Media,18,Space Technology Allowance,1,Sparrow,4,Special Allowance,9,Special allowance for Child Care,1,Special Allowance for Safety Officer,1,Special Casual Leave,7,Special Disturbance Allowance,1,Special Duty Allowance,6,Special LC Gate Allowance,1,Special Pension,1,Special Train Controller Allowance,3,Split Duty Allowance,1,sports-person,36,SSC,11,st,19,Staff Benefit Fund,5,Staff Car Driver,6,Staff Selection Commission,1,Stagnation,6,State Govt Employees,2,Station Leave Permission,4,Stenographer,1,Stents,2,Stepping up of Pay,36,Stiching Charges,3,Stipend,9,Storekeeping Staff,2,Strike,229,Study Leave,7,Substitute Employee,1,summer vacation,2,Sumptuary Allowance,4,Superannuation,7,surplus employee,3,suspension,11,Swantah Sukhaya,2,Swavalamban,31,TA Rules,5,Tatkal Tickets,27,tax,2,Tax Free Bonds,1,TDS,37,TDS Rates,11,technical resignation,6,telephone facility,1,temporary employee,6,Terms and condition,1,Toll Free Number,1,Tough Location Allowance,4,Touring Officer Hostel,14,Trade Apprentices,10,train,121,Training Allowance,7,training policy,38,Transfer Policy,70,Transport Allowance,29,Travelling Allowance,55,tribal area allowance,4,Trip Allowance,2,Uniform Allowance,5,Unit Run Canteen,25,Upgradation of Post,51,UPSC,20,vacancies,29,Veteran Commission,2,Veterinary Posts,1,Vigilance Clearance,11,Voluntary Retirement,23,Wages,13,Washing Allowance,10,whistle-blowers,7,Widowed Daughter,3,Women Employees,47,Yoga,7,Youth Hostel,3,Zila Saink Board,5,वेतन आयोग,182,
ltr
item
Central Government Employee News and Tools: Rates of Income-Tax as per Union Budget 2016-17
Rates of Income-Tax as per Union Budget 2016-17
In respect of income of all categories of assessees liable to tax for the assessment year 2016-2017, the rates of income-tax have been specified in Part I of the First Schedule to the Bill. These are the same as those laid down in Part III of the First Schedule to the Finance Act, 2015
https://1.bp.blogspot.com/-QOdiEIF29pk/VtU1WMcORtI/AAAAAAAADu8/eThJLaZkIeg/s320/rates%252Bincome%252Btax%252Bub%252B16%252B17.jpg
https://1.bp.blogspot.com/-QOdiEIF29pk/VtU1WMcORtI/AAAAAAAADu8/eThJLaZkIeg/s72-c/rates%252Bincome%252Btax%252Bub%252B16%252B17.jpg
Central Government Employee News and Tools
http://www.staffnews.in/2016/03/rates-of-income-tax-as-per-union-budget.html
http://www.staffnews.in/
http://www.staffnews.in/
http://www.staffnews.in/2016/03/rates-of-income-tax-as-per-union-budget.html
true
3718188640253144573
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy