CBSE 10th

Having a minimum of 50 percent in graduation is per-requisite to get eligible to apply for TAPMIs PGDM programs.

As I have seen the date sheet, I can say the gap is sufficient to study for the exam. And I do not want to demotivate but the examinations after gap are slightly tough than those which have less time or no gap.

Hello,
Your 10th and 12th scores are a bit on the lower side but still you can get institutes such as Alliance University, BIMTECH, Amity, Prestige-Indore, IMS Ghaziabad, etc. Perform will be based on the entrance exams such as CAT, XAT, CMAT, MAT, etc. Get exceptional percentile, perform well in the GD-PI and you get placed in a decent company earning well.

Do you have any significant extra curricular activities?

Hi Aastha,
At this score, FMS Delhi is unlikely
You will have to do really well in the GD-PI Round

Hi Jasleen Minhas,
You have to complete class 11th and 12th either in India or look for HS schools abroad, without completing your 12th, you cannot study further. It is the best, you complete your class 11th and 12th in India and then look for options abroad, otherwise, the process will be very difficult and rather also very expensive. Study hard and bring good scores. Depending on where you want to study you must also prepare for exams like SAT ACT, TOEFL, IELTS, etc. Be sure what you want to do first, speak with your counsellors and family members and make a decision.

The cutoff for the previous year was 96 percentile in CAT.
You can refer to the sectional and category cutoffs for 2016 in the link below:
https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=0ahUKEwiAq_fG79HYAhUJqY8KHaacDBAQFgguMAE&url=http://www.iimrohtak.ac.in/11/Admission%202016%20WATPI%20Cut%20off.pdf&usg=AOvVaw2kueArQqqXRIhtCfUIrltb