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GOVERNMENT TAX RATE (%)
  2014 2015
Tax Free Allowances Rs.500,000 Rs.500,000
Tax on Taxable Income  
First Rs. 500,000 4 4
Next Rs. 500,000 8 8
Next Rs. 500,000 12 12
Next Rs. 500,000 16 16
Next Rs. 1,000,000 20 20
Balance 24 24
  2016 2017
Tax Free Allowances Rs. 500,000 Rs. 500,000
Tax on Taxable Income(h)  
Next Rs. 500,000 4 4
Next Rs. 500,000 8 8
Next Rs. 500,000 12 12
Next Rs. 500,000 16 16
Next Rs. 1,000,000 20 20
Balance 24 24

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