Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year. Jul 11, 2014 income tax rate chart income tax slabs as applicable for assessment year 2015 16 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. Latest income tax slabs and rates for fy 201516 and ay. Nov 21, 2010 tax rates as applicable for different persons for the a. Tax slabs for financial year 201415 or assessment year 2015 16. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi.
Income tax slab in india for fy 20172018 information about latest tax brackets or current tax slabs in india with new income tax slab budget 2017 for women. Income tax slab rates for financial year 2014 assessment. Every year the income tax rates are changed and it is important to get the latest income tax rates. As there was no change in income tax slabs for fy 201516 i. Income tax slab rates for the period april 2017 to march 2018. Income tax slab rates for fy 201516 ay 201617 are as under. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Tax rate for tds, tds chart 20152016, tds chart ay 201516, tds chart ay 20152016, tds rate chart ay 20152016, tds rate for commission and brokerage, tds rate for payment on interest, tds rate for payment on rent, tds. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021 income tax slab rates help you decide whether your income is taxable or not. There are lot of changes in tax rates and cess in the last 25 years. However, the surcharge shall be subject to marginal relief where income exceeds one crore rupees, the total amount payable as income. My query is why i should pay the penalty, since the law is made on 1st april 2017. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 2015 16 i.
Resident individual of the age of 60 years or above at any time during the year but below the age of 80 years. For resident woman who is below 65 years of age at any time during the previous year. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 2015 16 financial year 201415 for individual. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and information. However, the surcharge shall be subject to marginal relief where. Professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. 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.
Jul 02, 2018 income tax slab 201718 for individuals, senior citizens and super senior citizens. Income tax slabs for financial year 2014 goodreturns. Free major itr forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files. A individuals born on or after 1st april, 1956 age less than 60 years. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. New income tax slab for fy 201516 ay 201617 for resident senior citizens 60 years financial year 201220 general tax payers income tax slab in rs. Income tax slabs and rates for fy 202021 bankbazaar. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Assessment year 201516, relevant to financial year 201415. The government of maharashtra of also revised its professional tax slab rates for the financial year 2015 16.
Tax slab ay 201819 individualhufboiaopajp india itr. New income tax slab for financial year 201516 posted on. Assessment year ay the income of a particular financial year is assessed in the following financial year. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Income tax rates for fy financial year 2014 ay assessment year 201415, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. New income tax slab for financial year 2015 16 posted on. You can complete filing your income tax return in just 15 minutes using the website or the mobile app. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Mr murthy wishes to raise the slab from the present 30% to 40% and has. The normal tax rates applicable to a resident individual will depend on the age of the individual. Professional tax is the tax charged by the state governments in india. Income tax slab rates for individual for fy 2015 16 ay 201617.
Income tax slab tells the tax rate at which you have to pay tax on income. Get income tax slab rates for ay 201819 here for individuals, senior citizens, hufaopboi, partnership firms, local authority, etc. Income tax slabs for individual below the age of 60 years. West bengal, andhra pradesh,telangana,maharashtra, tamil nadu, gujarat, assam.
Aug 11, 2011 income tax rates slabs 200001 individual huf boi aop the rates for assessment year 200001 is given in the table below. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab. 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. The amount of incometax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees.
Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 2015 16 or income tax slab rates for ay 201617. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 201516 i. Jul 14, 2016 it slabs from fy 200809 to fy 2015 16. In this post i restrict my subject towards new tax slabs for fy 201415. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. 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. Tax rate for tds, tds chart 20152016, tds chart ay 201516, tds chart ay 20152016, tds rate chart ay 20152016, tds rate for commission and brokerage. Jul 10, 2014 in this post i restrict my subject towards new tax slabs for fy 201415. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. Download it slabs from fy 200809 to fy 201516 file in. 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 201718. Download it slabs from fy 200809 to fy 201516 file in pdf.
New income tax slab for financial year 201516 mytaxcafe. The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here free income tax calculator for calculating tax for 201819. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Income tax slab rates for fy 201617 ay 201718 budget. August 14, 2019 by sreekanth reddy indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Income tax slab rates for financial year 201516 assessment. Professional tax rates for the fy 201920 wealthtechspeaks. Income tax rates for fy financial year 201415 ay assessment year 2015 16 final, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax rates for ay 202021 get income tax slab rates for individuals, senior citizens, partnership firm, tax rates for companies, huf, aop, boi, cooperative society, etc. It offers special privileges for women professional tax payers. Income tax slab rate for ay 201819 for individuals. Income tax slab rates for individual for fy 2015 16 ay 201617 tax expert.
Maharashtra professional tax slab rate, latest news. Income tax slabs income tax rates fy 2014 av 201415. You have blocked the notification on recent updates. Income tax slab rate for ay 202122 for individuals opting for old tax regime, introduced in budget 2020 by our finance minister. This form of tax is in practice for a long time and states were continue reading professional tax for the financial. Income tax slab for filing tax return on income in india. Applicable tax rates in fy 2012 ay 2014 for individuals april 22, 20 by alok patnia 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.
Tax slab for financial year 201516 assessment year 1617. Complete details of tds rate changes for financial year 2015 16 tcs rate changes, due date to deposit tds, due date for form 16, due date for form 16a, due date for etds return form 24q,penalty and interest provision for late deposit of tds,consequences for default in filing of e tds return, tds rate applicable in case of non submission of pan,tds rate applicable on service tax or not. For the assessment year 201718, a partnership firm including llp is taxable at 30%. Income tax slabs income tax rates fy 201415 av 201516. Tax slabs for financial year 201415 or assessment year 201516. Fy denotes fiscal year and lasts from april to march, while ay stands for assessment year which denotes the year you actually pay your previous years taxes in. The professional tax is a source of revenue for the state governments which helps the different in implementing schemes for the welfare and development of the region. For individuals below 60 years age including woman assessees. As there was no change in income tax slabs for fy 2015 16 i. The professional tax is a source of revenue for the state governments which helps the different in implementing schemes for the welfare and development of.
Finance bill 2014 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of rs. Income tax ratesslab for assessment year 201617 previous year 201516 income tax rates for financial year 201415 and 20152016 are same, there is. Income tax slab rates 201718 pdf download ay 201819. A recent data by income tax department showed that out of a population of 2. Latest income tax slabs and rates for fy 201516 and ay 201617. Tax rates as applicable for different persons for the a. Income tax slabs for individual below the age of 60 years fy 201617ay. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. In case of individual other than ii, iii and iv below and huf. Surcharge and education cess see note income tax slab rates 201718 pdf download. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slab rates for last 25 years in india 199293. Hence this provision continues for ay 2015 16 as well. Aug 14, 2019 income tax slab rates for fy 201617 ay 201718 budget 201617 last updated.
Income tax slabs in india, new income tax slab 2018 budget. But the tax slabs have not been changed for the last few years. Click here to save tax with hdfc lifes various online insurance products. Income tax slab 201718 for individuals, senior citizens and super senior citizens. It slab for 201718 for individuals, senior citizens and.
We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. All the data listed above is for the fy 202021 and ay 202122. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Please note that the income of financial year 201516 is taxable at the tax rate applicable for assessment year 201617. Below are the income tax slab rates for fy 201617 or ay 2017 18. Today i have gone to income tax department to file the return financial year 201415assessment year 201516, whereas the income tax officer has told me to pay penalty rs. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Incometax slab rates for individual for fy 201516 ay. Assam tea industry urges centre to keep gst slab under 5%. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 2015 16 financial year 201415 for individual, huf, aop, boi, part. Please note that the income of financial year 2015 16 is taxable at the tax rate applicable for assessment year 201617.