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The rate on your tax is presented in percentage appear. 3 A 3. All individuals spend tax @ 15.00 % of revenue over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in the nature and source of income. Of course to avoid having to follow through all of the this, please keep your earnings tax papers in a safe location where you're rrn a position to retrieve them when you need to them.