Apr 18, 20 income tax slab rates for 2014 and 201415 by shankar bose inspector of income tax mstu, puri slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Income tax slab rates for ay 20142015 and fy 202014. For resident woman who is below 65 years of age at any time during the previous year. Income tax rates for financial year 2012 and ay 2014. Applicable to individual male below the age of 60 years. However, the income tax slabs and rates for nris are different from the resident indians. Oct 12, 2012 there will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014.
Find out the income tax slab rate for ay 201718 here. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Nov 21, 2010 tax rates as applicable for different persons for the a. Tax slab for fy 201011 ay 2011 12 particulars slab tax rate women assesses up to 1,90,000 nil. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 11 12 ay 2012. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. Latest income tax slabs and rates for fy 2012 and as 2014.
Income tax slabs for filing tax return for individuals and hufs. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. Income tax slab rates 201920 pdf download ay 202021. Union budget 2014 has amended the basic income tax slabs for financial year 201415, however there is no change in the income tax rates, surcharge and cess.
For local authorities, income is taxed at a flat rate of 30%. Skip to main content this banner text can have markup. Looking for the income tax slabs and rates for the financial year 201112 or. Income tax rate slabs for assessment year 20012002,20022003, 20032004, 20042005, 20052006, 20062007, 20072008, 20082009. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent.
Income tax rate chart slabs for assessment year 201112 and earlier. Income tax rates income tax slabs for assessment year. Income tax slabs and tax rates in india for fy 202021. Income tax slab rates 202021 pdf download ay 202021. Income tax slab from assessment year 20012002 to a. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Enter value from item 3ix of schedule bfla, if any. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay. Income tax department has issued a circular about tds on salary and all the aspects of income tax on salary, different circulars and notifications, forms, deduction on salary etc. Tax slab applicable for assessment year 200910 or financial. Income tax slab rate for ay 201819 for individuals. Representatives of assamas tea industry have launched an appeal to the centre in hopes of convincing them to maintain the gst slab of tea below the concessional rate of 5 per cent.
Aug 31, 2011 income tax rates slabs for the financial year 20112012 a. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax slab for filing tax return on income in india. Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 201112 and earlier years has been given chart form as under in respect of individual, hufhindu undivided family,boibody of individuals so download the charts for link given below or you can read the same online as shown below. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years net income range income tax rates health and education cess up to rs. The basic exemption limit has been increased from rs 2 lakh to rs. Surcharge and education cess see note income tax slab rates 201819 pdf download.
New optional basic income tax exemption slab and reduced tax rates announced in budget 202021 for ay 202122 fy 202021. Income tax slabs for assessment year 2014 financial year 201220 india income tax slabs for. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Income tax ratesslabs for financial year 201112 assessment. Income tax slabs income tax rates and deductions for fy 2017. The slabs for them are chiefly based on their taxable income and not on other things. The tax rates discussed in this part are applicable for assessment year 202021 i. Click here to save tax with hdfc lifes various online insurance products. Income tax rates for fy financial year 2012 ay assessment year 2014, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess.
Here we can know the information about the income tax slab rates for 201819. Tds rate for individual and huf other than individual huf if pan is not submitted invalid pan 1 payment of salaries by employers 192 slab rate slab rate. The following income tax slabs are applicable for the financial year 201819 i. Assessment year 201112, relevant to financial year 201011. As per the report, changes have been suggested in the current direct tax system. This is the income tax slabs for financial year 2012 and the analysis year 2014. Applicable to individual male below the age of 60 years and huf. With the union budget 2020 approaching, a report has been prepared by the central direct tax committee. Apr 17, 2018 latest income tax slab rates fy 201819. The budget 2020 has given taxpayers the option to choose between the existing income tax regime which allows availing existing income tax exemptions and deductions and a new tax regime with slashed income tax rates and new income tax slabs but no tax exemptions and deductions. Income tax ratesincome tax slab for assessment year 202021 previous year 201920, rates %age. Detailed article on the income tax slabs for fy 201112 and ay 2012. For individuals below 65 years age, other than woman assessees.
Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate. Download income tax calculator in excel for salary 2. Income tax rates slab for fy 201112 or ay 2012 ebizfiling. Income tax slabs for assessment year 2014 financial year. According to the committee, the current personal income tax slabs need to be overhauled. Download income tax calculator for salaried person fy 201112. We have provided the latest income tax slabs for financial year 2014 or assessment year 201415 almost the slabs and rates for income tax 2014 are similar to previous year i. Income tax rates applicable in case of companies for assessment year 201920 and 202021 are as follows. The slabs and rates shall remain the same as are currently for the ay 201819 which are as under. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge at the rate of 5% of such income tax, provided that the total income exceeds rs.
Income tax budget 2020 proposes crucial changes in income tax rates 202021. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of 80 years and more. May 05, 2011 further, in the fy 2011 12 ay 2012 men assessees will also get additional basic exemption limit of rs. Nov 18, 2011 income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 201112 and earlier years has been given chart form as under in respect of individual, hufhindu undivided family,boibody of individuals so download the charts for link given below or you can read the same online as shown below. Have a look at revised income tax slabs and know how much will you save in new tax regime. Income tax slab ay 202122 calculator income tax rates. Lets get the insights of the income tax slabs for fy 201819 ay 201920 income tax slab for resident individual aged less than 60 years059 years same slab rates shall apply for both male and female resident taxpayers. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. The amount of income tax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty. Personal income tax slab changes recommended by the direct tax committee. Income tax calculator form 16 in excel format for ay 202021 free download with auto calculations as per latest income tax slab rates of budget 2020.
Income tax slab for ay 202021 pdf download news, income. Other deduction from income under income tax fy 1112. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Income tax rates for financial year 201718 assessment year 201819 for individual persons 1. Individuals below the age of 60 will continue to enjoy tax free income of up to. As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. Income tax slab for ay 202021 pdf download latest hindi news, income tax slab for ay 202021 pdf download breaking news, find all income tax slab for ay 202021 pdf download at live hindustan, page1.
These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Income tax slab rates for ay 20142015 and financial year 2014 income tax slabs and rates are changed almost every year. The amount of income tax shall be increased by education cess on income tax at the rate of two per cent of the income tax. A site for online free income tax, ppf, ssy and other userfriendly calculators, forms in excel fillable pdf, tax information and utilities. Govt makes nps withdrawal limit 100 per cent tax free. Income tax rates slabs for the financial year 20112012 a. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay 2012. Assam tea industry urges centre to keep gst slab under 5%. A comparative analysis of income tax calculation for fy 202021 ay 202122 under the existing tax slab and the new income tax slabs introduced in budget 2020 can be understood by comparing taxable income under both scenarios. You can also share if you have any valuable information to us. Aug 11, 2011 income tax rates slabs ay 201011 individual huf boi aop the rates for assessment year 201011 is given in the table below. The amount of income tax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty lakh rupees but does not exceed one crore rupees. Income tax slabs and rates for fy 202021 bankbazaar. No changes have been proposed in either individual tax rates or slabs for the ay 201920.
The amount of income tax and the applicable surcharge, shall be further increased by health and education cess calculated at the rate of four percent of such income tax and surcharge. Form 16 in excel format for ay 202021 free download. New optional basic income tax exemption slabtax rates. An education cess of 3% is payable on the tax, yielding effective tax rate of 30. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under.
Income tax slab rates 201819 pdf download ay 201920. In order to provide significant relief to the individual taxpayers and to simplify the income tax law, the union budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Income tax slab for individuals, senior citizens, hufaop, etc. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax benefits offered by its online insurance. Surcharge and education cess see note income tax slab rates 201920 pdf download. Latest income tax slab rates for fy 20181920200414. Income tax slabs income tax rates and deductions for fy. Latest income tax slabs and rates for fy 2012 and as 2012. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax benefits offered by its online insurance products, for the financial year 2014. Net income range income tax rates surcharge education cess upto rs. Fm has announced a new income tax regime following.
1374 273 1158 48 929 374 89 1024 1047 1085 1533 696 1461 168 529 1398 363 238 1131 207 1546 1041 116 1001 805 479 348 61 510 838 688 250 821 646 559 670 1148