17/05/2016
For Men Below 60 Years Of Age
Income Tax Slab Income Tax Rate
Income upto Rs. 2,50,000 Nil
Income between Rs. 2,50,001 - Rs. 500,000 10% of Income exceeding Rs. 2,50,000
Income between Rs. 500,001 - Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000 30% of Income exceeding Rs. 10,00,000
For Women Below 60 Years Of Age
Income Tax Slab Income Tax Rate
Income upto Rs. 2,50,000 Nil
Income between Rs. 2,50,001 - Rs. 500,000 10% of Income exceeding Rs. 2,50,000
Income between Rs. 500,001 - Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000 30% of Income exceeding Rs. 10,00,000
For Senior Citizens (Age 60 years or more but less than 80 years)
Income Tax Slab Income Tax Rate
Income upto Rs. 3,00,000 Nil
Income between Rs. 3,00,001 - Rs. 500,000 10% of Income exceeding Rs. 3,00,000
Income between Rs. 500,001 - Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000 30% of Income exceeding Rs. 10,00,000
For Senior Citizens (Age 80 years or more)
Income Tax Slab Income Tax Rate
Income upto Rs. 5,00,000 Nil
Income between Rs. 500,001 - Rs. 10,00,000 20% of Income exceeding Rs. 5,00,000
Income above Rs. 10,00,000 30% of Income exceeding Rs. 10,00,000
Income Tax Deductions and Exemptions
Income Tax Section Gross Annual Salary How Much Tax Can You Save? HDFC Standard Life Plans
Sec. 80C Across all income slabs Upto Rs. 46,350/- saved on investment of Rs. 1,50,000/- All our Life Insurance Plans
Buy Life Insurance and Save Tax
Sec. 80CCC Across all income slabs Upto Rs. 30,900/- saved on Investment of Rs.1,50,000/- All our Pension Plans
Buy Pension Plans and Save Tax
Sec. 80 D* Across all income slabs Upto Rs. 10,815/- saved on investment of Rs.35,000/-
(Inclusive of Rs. 20,000/- towards health insurance of parents who are senior citizens)
All our Health Insurance Plans
All the health insurance riders available with our Conventional Plans
Buy Health Insurance and Save Tax
Total Savings
Possible **
Rs. 57,165/-
Rs. 46,350/- under Sec. 80C and Sec. 80CCC and
Rs. 10,815/- under Sec. 80D
Above figures calculated for an individual with gross annual income exceeding Rs. 10,00,000/-
Sec. 10 (10)D Under Sec. 10(10D), the benefits received by you are completely tax-free, subject to conditions specified there in
Applicable to premiums paid for all Health Insurance Plans, Critical Illness Benefit, Accelerated Sum Assured and Waiver of Premium Benefit.
** These calculations of the latest income tax slab rates in India are illustrative and based on our understanding of current tax legislations.
The above-mentioned tax benefits are subject to changes in the tax laws. Please contact your tax
