income tax slab rates & deductions for fy 2015-2016 & ay 2016-2017

8/17/2019 Income Tax Slab Rates & Deductions for FY 2015-2016 & AY 2016-2017

1/3


http://www.hdfclife.com/insurance-knowledge-centre/latest-income-tax-slab-and-deductions/?source=C_Outbrain_C2I_Native_2016&utm_source=Outbrain&utm...

11 Tweet

HDFC Life provides the latest income tax rates in India for different age groups and tax benefits offered by

various life insurance policies, for the current financial year 201 5-16.

Save tax with HDFC Life’s various online insurance products.

Income Tax Slab Rate & Deductions - AY 2016 -17 (FY 2015-16)

HDFC Life™ Click 2 Protect Plus (http://ops.hdfclife.com/ops/click2protectPlus.do?

source=W_Glink_KC_TaxSlab_CPP)

HDFCLife.com/Term-Insurance

Affordable Term Plan. Coverag e upto 75yrs. Tax Benefits under Section 80C*.

Additional Accident Cover . Increase Life Cover on Child Birth & Marriage.

Tax Slab* for Financial Year 2013-14 (/insurance-knowledge-centre/latest-income-tax-slab-and-deductions-fy-

2013-14)

Tax Slab* for Financial Year 2014-15 (/insurance-knowledge-centre/latest-income-tax-slab-and-deductions-fy-

2014-15)

Tax Slab* for Financial Year 2015-16 (Assessment Year 16-17 )

The income tax rates are usually revised every year during the budget. Various deductions that are allowed to

a taxpayer under Section 80C, Section 80D etc.

Income Tax Slab Rate

Following are the income tax slab rates and deductions for different categories of tax payers:

HDFC Life Investment Plan (http://ops.hdfclife.com/ops/click2invest.do?

source=W_Glink_KC_TaxSlab_C2I)

HDFCLife.com/Click2Invest-ULIP

Zero premium allocation charge, 8 fund options & flexibility to choose policy term.

Get Tax Benefits under Sec 80C* .

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

Inc ome ab ov e R s. 1 0,0 0,000 3 0% of Inc om e ex ceed ing Rs. 1 0,0 0,0 00

For Women Below 60 Years Of Age






For Senior Citizens (Age 60 years or more but less than 80 years)






For Senior Citizens (Age 80 years or more)





Income Tax Deductions and Exemptions

Income

Tax

Section

Gross

Annual

Salary

How Much

Tax Can

You Save?

HDFC Standard L ife 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 (http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_KC_Table_TaxSlab_CPP)

Upto Rs.

HOME (/) INSURANCE KNOWLEDGE CENTRE (/INSURANCE-KNOWLEDGE-CENTRE)

TAX SAVING BY INSURANCE (/INSURANCE-KNOWLEDGE-CENTRE/TAX-SAVING-INSURANCE) INCOME TAX SLAB & DEDUCTIONS

34Like

(http://ops.hdfclife.com/ops/click2invest.

source=W_Disp_KC_LHS_C2I)

About Life Insurance

(/insurance-

knowledge-

centre/about-life-

insurance/)

(/)

(http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_Disp_KC_TopNav_CPP)

UNDERSTANDING INSURANCE INSURANCE FOR YOU ONLINE TOOLS VIDEOS (/INSURANCE-KNOWLEDGE-CENTRE/VIDEO)

http://www.hdfclife.com/http://www.hdfclife.com/insurance-knowledge-centre/videohttp://ops.hdfclife.com/ops/click2protectPlus.do?source=W_Disp_KC_TopNav_CPPhttp://www.hdfclife.com/http://www.hdfclife.com/insurance-knowledge-centre/protect-your-familyhttp://www.hdfclife.com/insurance-knowledge-centre/about-life-insurance/http://ops.hdfclife.com/ops/click2invest.do?source=W_Disp_KC_LHS_C2Ihttp://www.hdfclife.com/insurance-knowledge-centre/tax-saving-insurancehttp://www.hdfclife.com/insurance-knowledge-centrehttp://www.hdfclife.com/http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_KC_Table_TaxSlab_CPPhttp://www.hdfclife.com/http://ops.hdfclife.com/ops/click2invest.do?source=W_Glink_KC_TaxSlab_C2Ihttp://www.hdfclife.com/insurance-knowledge-centre/latest-income-tax-slab-and-deductions-fy-2014-15http://www.hdfclife.com/insurance-knowledge-centre/latest-income-tax-slab-and-deductions-fy-2013-14http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_Glink_KC_TaxSlab_CPPhttps://twitter.com/intent/tweet?original_referer=http%3A%2F%2Fwww.hdfclife.com%2Finsurance-knowledge-centre%2Flatest-income-tax-slab-and-deductions%2F%3Fsource%3DC_Outbrain_C2I_Native_2016%26utm_source%3DOutbrain%26utm_medium%3Dcpc%26utm_content%3DC2I-TaxSlab%26utm_campaign%3DOutbrain&ref_src=twsrc%5Etfw&text=Income%20Tax%20Slab%20Rates%20%26%20Deductions%20for%20FY%202015-2016%20%26%20AY%202016-2017&tw_p=tweetbutton&url=http%3A%2F%2Fwww.hdfclife.com%2Finsurance-knowledge-centre%2Flatest-income-tax-slab-and-deductions%2F%3Fsource%3DC_Outbrain_C2I_Native_2016%26utm_source%3DOutbrain%26utm_medium%3Dcpc%26utm_content%3DC2I-TaxSlab%26utm_campaign%3DOutbrain


2/3



HDFC Life

Click2Protect

Plus(http://ops.hdfclife.com/ops/click2protectPlus.do?

source=W_KC_Table_TaxSlab_CPP)

Affordable Term Plan.

Coverage upto 75yrs.

Tax Benefits under

Section 80C*.

Buy online >>

(http://ops.hdfclife.com/ops/click2protectPlus.do?

source=W_KC_Table_TaxSlab_CPP)

HDFC Life

Click2Invest -

ULIP(http://ops.hdfclife.com/ops/click2invest.do?

source=W_KC_Table_TaxSlab_UC1)

Zero premium

allocation charge, 8

fund options. Get Tax

Benefits under Sec

80C*.

Buy online >>

(http://ops.hdfclife.com/ops/click2invest.do?

source=W_KC_Table_TaxSlab_UC1)

HDFC Life

Health Assure

Plan(https://onlineinsurance.hdfclife.com/buy-

online-health-

insurance-

plans/health-

assure-plan?

source=W-

TEBT_KC_Table_TaxSlab_HRN)

Avail Instant Health

Insurance Policy with

Tax Benefits under Sec

80D*.

Buy online >>

(https://onlineinsurance.hdfclife.com/buy-

online-health-

insurance-

plans/health-assure-

plan?source=W-

TEBT_KC_Table_TaxSlab_HRN)

HDFC Life

Super Income

Plan(http://ops.hdfclife.com/ops/main.do?

source=W_KC_Table_TaxSlab_MBU&category=CC&firstname=&mobilenumber=&city=&dob=&email=&productcode=M

Investment cum

insurance plan with

guaranteed benefits to

meet your long term

financial goals.

Buy online >>

(http://ops.hdfclife.com/ops/main.do?

source=W_KC_Table_TaxSlab_MBU&category=CC&firstname=&mobilenumber=&city=&dob=&email=&productcode=MBU)

Sec.

80CCC

Across

all

income

slabs

30,900/-

saved on

Investment

of

Rs.1,50,000/-

All our Pension Plans (/retirement-and-pension-plans)

Buy Pension Plans and Save Tax (http://ops.hdfclife.com/ops/main.do?

source=W_KC_Table_TaxSlab_PRR&category=CC&firstname=&mobilenumber=&city=&dob=&email=&productcode=PRR)

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 (/health-insurance-plans)

All the health insurance riders available with our Conventional Plans

Buy Health Insurance and Save Tax (https://onlineinsurance.hdfclife.com/buy-online-health-insurance-plans/health-

assure-plan?source=W-TEBT_KC_Table_TaxSlab_HRN)

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)DUnder Sec. 10(10D), the benefits received by you are c ompletely tax-free, subject to c onditions specified there in

Applicable to premiums paid for all Health Insurance Plans (/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 o n our u nderstanding of current tax legislations.

The above-mentioned tax benefits are subject to changes in the tax laws. Please contact y our tax c onsultant for an exact c alculation of you r tax liabilities.

Save Tax with Term Insurance - Calculate Premium(http://ops.hdfclife.com/ops/click2protectPlus.do?

source=W_BodyBO2_KC_TaxSlab_CPP)

Save Income Tax with Insurance

* Calculations are based on highest tax benefits.

Note: These tax c alculations are based on p resent tax legislations, which are subject to c hange Under section

80CCE, The aggregate deductions from income under Sections 80C, 80CCC and 80CCD (applicable in case of

central government employees only) should not exceed Rs 1.5 lakhs (except an additional saving of

Rs.50,000 under section 80CC D (1B) per assessment year - applicable FY 2015-16/AY 2016-17 onwards).

HDFC Life™ Click 2 Protect Plus

(http://ops.hdfclife.com/ops/click2protectPlus.do?

source=W_Glink_KC_TaxSlab_CPP)

HDFCLife.com/Term-Insurance

Affordable Term Plan. Coverag e upto 75yrs. Tax Benefits under Section 80C*.

Additional Accident Cover . Increase Life Cover on Child Birth & Marriage.

Similar Articles

Best Long Term Investment Options in 2015 (http://www.hdfclife.com/insurance-knowledge-centre/tax-

saving-insurance/best-long-term-investment-options-in-2015/)

Best Short Term Investment Options in 2015 (http://www.hdfclife.com/insurance-knowledge-centre/tax-

saving-insurance/best-short-term-investment-options-in-2015/)

Best Tax Sav ing Investment Plans in 2015 (http://www.hdfclife.com/insurance-knowledge-centre/tax-

saving-insurance/tax-saving-investments-in-2015/)

Tips on Reducing P remium (/insurance-knowledge-centre/about-life-insurance/tips-on-reducing-premiums)

Tax Sav ing Investment (http://ops.hdfclife.com/ops/click2protectPlus.do?

source=W_KC_BodyLinks_TaxSlab_CPP)

Tax Sav ing Tips For Salaried Employees (http://www.hdfclife.com/insurance-knowledge-centre/tax-saving-

insurance/tax-planning-tips-for-salaried-employees/)

Tax Free Investments in India (http://www.hdfclife.com/insurance-knowledge-centre/tax-saving-

insurance/tax-free-income-and-investment-options-for-2015/)

BLOG (HTTP://BLOG.HDFCLIFE.COM/) ABOUT US (/ABOUT-US)

QROPS (/RETIREMENT-AND-PENSION-PLANS/QROPS-OVERSEAS-PENSION-SCHEME) PAYMENT PREMIUM (/CUSTOMER-SERVICE/PAY-PREMIUM)

E- INSURANCE (/CUSTOMER-SERVICE/LIFE-INSURANCE-POLICY-DEMATERIALIZATION) CUSTOMER EDUCATION(/INSURANCE-KNOWLEDGE-CENTRE)

PUBLIC DISCLOSURES (/ABOUT-US/FINANCIAL-INFORMATION)

Click 2 Get A Call

Talk to our Insurance Advisor

to get the right insurance plan for

you

CLICK 2 GET A CALL

(/CONTACT-

- -

Click 2 Call Us

Insurance plans for you

1800 266 9777

(tel:18002669777)/1800 227 227

(tel:1800227227) (Local Charges

Applicable*)

*Mon-Sun 9am to 9pm. Do NOT prefix

Click 2 Text Us

SMS ‘LIFE’ to 56161

(sms:56161)

(Charges applicable as per service

provider)

Click 2 Email Us

[email protected]

(mailto:[email protected])

We’ll do our best to respond to your

queries asap

CLICK 2 EMAIL US

HDFC Life E-agent

mailto:[email protected]:[email protected]://sms:56161/http://www.hdfclife.com/contact-us/call-me-nowhttp://www.hdfclife.com/about-us/financial-informationhttp://www.hdfclife.com/insurance-knowledge-centrehttp://www.hdfclife.com/customer-service/life-insurance-policy-dematerializationhttp://www.hdfclife.com/customer-service/pay-premiumhttp://www.hdfclife.com/retirement-and-pension-plans/qrops-overseas-pension-schemehttp://www.hdfclife.com/about-ushttp://blog.hdfclife.com/http://www.hdfclife.com/insurance-knowledge-centre/tax-saving-insurance/tax-free-income-and-investment-options-for-2015/http://www.hdfclife.com/insurance-knowledge-centre/tax-saving-insurance/tax-planning-tips-for-salaried-employees/http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_KC_BodyLinks_TaxSlab_CPPhttp://www.hdfclife.com/insurance-knowledge-centre/about-life-insurance/tips-on-reducing-premiumshttp://www.hdfclife.com/insurance-knowledge-centre/tax-saving-insurance/tax-saving-investments-in-2015/http://www.hdfclife.com/insurance-knowledge-centre/tax-saving-insurance/best-short-term-investment-options-in-2015/http://www.hdfclife.com/insurance-knowledge-centre/tax-saving-insurance/best-long-term-investment-options-in-2015/http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_Glink_KC_TaxSlab_CPPhttp://ops.hdfclife.com/ops/click2protectPlus.do?source=W_BodyBO2_KC_TaxSlab_CPPhttp://www.hdfclife.com/health-insurance-planshttps://onlineinsurance.hdfclife.com/buy-online-health-insurance-plans/health-assure-plan?source=W-TEBT_KC_Table_TaxSlab_HRNhttp://www.hdfclife.com/health-insurance-planshttp://ops.hdfclife.com/ops/main.do?source=W_KC_Table_TaxSlab_PRR&category=CC&firstname=&mobilenumber=&city=&dob=&email=&productcode=PRRhttp://www.hdfclife.com/retirement-and-pension-planshttp://ops.hdfclife.com/ops/main.do?source=W_KC_Table_TaxSlab_MBU&category=CC&firstname=&mobilenumber=&city=&dob=&email=&productcode=MBUhttp://ops.hdfclife.com/ops/main.do?source=W_KC_Table_TaxSlab_MBU&category=CC&firstname=&mobilenumber=&city=&dob=&email=&productcode=MBUhttps://onlineinsurance.hdfclife.com/buy-online-health-insurance-plans/health-assure-plan?source=W-TEBT_KC_Table_TaxSlab_HRNhttps://onlineinsurance.hdfclife.com/buy-online-health-insurance-plans/health-assure-plan?source=W-TEBT_KC_Table_TaxSlab_HRNhttp://ops.hdfclife.com/ops/click2invest.do?source=W_KC_Table_TaxSlab_UC1http://ops.hdfclife.com/ops/click2invest.do?source=W_KC_Table_TaxSlab_UC1http://ops.hdfclife.com/ops/click2protectPlus.do?source=W_KC_Table_TaxSlab_CPPhttp://ops.hdfclife.com/ops/click2protectPlus.do?source=W_KC_Table_TaxSlab_CPP


3/3



CONTACT (/CONTACT-US) SITEMAP (/SITEMAP) DISCLAIMER (/DISCLAIMER) PRIVACY POLICY (/PRIVACY-POLICY)

TERMS & CONDITIONS (/TERMS-AND-CONDITIONS)

© 2016 HDFC Standard Life Insurance Company Limited. All Rights Reserved.

/ - -any country code. eg. +91 or 00

(MAILTO:[email protected])

HDFC Life (HDFC Standard Life Insurance Company) is one of the leading

private life insurance companies in India offering various insurance policies that best

suits your need. Our vision is to provide innovative and customer-centric insurance

plans that can help our customers secure their family's future as well as help them

with other benefits such as tax savings. Keeping this in mind we offer a large

range of life insurance plans such as term insurance plan, women's plan, health

insurance plans, pension plans for retirement planning, child education plans,

ULIPs, saving and investment plans. Most of these life insurance policies are

available online, so buy one today and Sar Utha Ke Jiyo

Corporate Office & Registered Address

HDFC Standard Life Insurance Company Ltd.

Lodha Excelus, 13th Floor Apollo Mills Compound,

N.M. Joshi Marg, Mahalaxmi, Mumbai – 400011,

Maharashtra, India.

Telephone (022) 67516666

Disclaimer

For more details on risk factors, terms and conditions and exclusion please read the

product brochure before conclusion of sale.

Insurance is the subject matter of the solicitation. For more details on risk factors,

associated terms and conditions and exclusions please read the product brochure

before concluding a sale. HDFC Standard Life Insurance Company Limited.

Registration No 101, granted on 23rd October, 2000 by IRDAI. ARN:

MC/08/2013/3534!

Do Not Call Registration (/do-not-

call-registration)

Terminated Agent List

(/terminated-agents-list)

IRDAI Public Notice on Spurious

Calls (/irda-public-notice-o n-

spurious-calls)

Unclaimed Policy Details (/customer-

service/claims/unclaimed-

policyholder-payment-dues-amount-

disclosure)

IRDAI (http://www.irda.gov.in/)

Insurance Ombudsman

(http://www.irda.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?

page=PageNo234&mid=7.2)

IRDAI Customer Education Website

(http://www.policyholder.gov.in/)

HDFC Ltd (http://www.hdfc.com/)

HDFC Bank

(http://www.hdfcbank.com/)

HDFC Securities

(http://www.hdfcsec.com/)

HDFC Mutual Fund

(http://www.hdfcfund.com/)

HDFC Pension

(http://www.hdfcpension.com/)

HDFC ERGO General Insurance

(http://www.hdfcergo.com/)

HDB Financial Services

(http://www.hdbfs.com/)

HDFC Realty

(http://www.hdfcrealty.com/)

HDFC Red

(http://www.hdfcred.com/)

HDFC Property Fund

(http://www.hdfcpropertyfund.com/)

Credila (http://www.c redila.com/)
http://www.credila.com/http://www.hdfcpropertyfund.com/http://www.hdfcred.com/http://www.hdfcrealty.com/http://www.hdbfs.com/http://www.hdfcergo.com/http://www.hdfcpension.com/http://www.hdfcfund.com/http://www.hdfcsec.com/http://www.hdfcbank.com/http://www.hdfc.com/http://www.policyholder.gov.in/http://www.irda.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo234&mid=7.2http://www.irda.gov.in/http://www.hdfclife.com/customer-service/claims/unclaimed-policyholder-payment-dues-amount-disclosurehttp://www.hdfclife.com/irda-public-notice-on-spurious-callshttp://www.hdfclife.com/terminated-agents-listhttp://www.hdfclife.com/do-not-call-registrationmailto:[email protected]://www.hdfclife.com/contact-us/call-me-nowhttp://www.hdfclife.com/terms-and-conditionshttp://www.hdfclife.com/privacy-policyhttp://www.hdfclife.com/disclaimerhttp://www.hdfclife.com/sitemaphttp://www.hdfclife.com/contact-us

income tax slab rates & deductions for fy 2015-2016 & ay 2016-2017

Documents