FY 2015-16 tax rate applies to income earned between 1st April 2015 and 31st March 2016. Income Tax rates for individuals are same for FY 2015-16 and FY 2014-15.

Income Tax Rates for taxpayers less than 60 years old
Tax Slab FY 2015-16 & FY 2014-15
Tax Rate Tax Slab FY 2013-14
Tax Rate
Up to Rs.2,50,000 No Tax Up to Rs.2,00,000 No Tax
Rs.2,50,000 - Rs.5,00,000 10% Rs.2,00,000 - Rs.5,00,000 10%
Rs.5,00,000 - Rs.10,00,000 20% Rs.5,00,000 - Rs.10,00,000 20%
Rs.10,00,000 and beyond 30% Rs.10,00,000 and beyond 30%
Surcharge: 10% of the Income Tax, where total income exceeds Rs.1 crore.
Education cess: 3% on sum of total income tax and surcharge.

Income Tax Rates for taxpayers less than 60 years old
Tax Slab FY 2015-16 & FY 2014-15
Tax Rate Tax Slab FY 2013-14
Tax Rate
Up to Rs.2,50,000 No Tax Up to Rs.2,00,000 No Tax
Rs.2,50,000 - Rs.5,00,000 10% Rs.2,00,000 - Rs.5,00,000 10%
Rs.5,00,000 - Rs.10,00,000 20% Rs.5,00,000 - Rs.10,00,000 20%
Rs.10,00,000 and beyond 30% Rs.10,00,000 and beyond 30%
Surcharge: 10% of the Income Tax, where total income exceeds Rs.1 crore.
Education cess: 3% on sum of total income tax and surcharge.
