For the calculation, the maximum limit of basic is rs 6500. The income tax rates for individuals, hufs, aop, boi and cooperatives are progressive in nature, where a lower tax rate is imposed on lowincome earners compared to those with higher income, making it based on the taxpayer. Software free download latest pdf generation utility version 1. Education cess, and secondary and higher education cess are payable by both resident and nonresident assessees.
For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. In order to provide significant relief to the individual taxpayers and to simplify the incometax 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. Professional tax slab rates in different states updated. Ay 20152016 as amended by budget 2014 are as follows. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617.
Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Save tax with hdfc lifes various online insurance products. New income tax slabs for ay 2014 for resident senior citizens above 60 years fy 2012. Last year slab rates the new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. The new and revised income tax slabs and rates applicable for the financial year fy 2011 12 and assessment year ay 2012 are mentioned below. Income tax slabs income tax rates fy 201415 av 201516.
Incometax slab rates for individual for fy 201516 ay. On income of private discretionary trust where shares of beneficiary are not known. Depreciation chart as per income tax act for fy 2012. Income tax ratesslabs for financial year 201112 assessment. 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. Looking for the income tax slabs and rates for the financial year 2012 or assessment year 2014. In order to provide significant relief to the individual taxpayers and to simplify the incometax law, the union budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be. Further rates of sttsecurities transaction tax ay 2011.
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. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112 s. 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. For senior citizens age 60 years or more but less than 80 years. New income tax slabs new salary slabs and rate of tax on salary slabs according to section 9 of the income tax ordinance, 2001, the taxable income of a person for a tax year shall be the total income of the person for the year reduced but not below zero by the total of any deductible allowances of this chapter of the person for the year. Service oriented architectures soas have recently emerged as a. For resident woman who is below 65 years of age at any time during the previous year.
Different slab rates in karnataka are for a different class of individuals and the above slab rates are only for salarywage earners. Nov 18, 2011 income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 2011 12 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. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen savings scheme retirement december 22, 2019 income tax rates. Rates of income tax for companies,firms,limited partnership firm and all other assesses for financial year 201011 is also given in the charts. No changes have been proposed in either individual tax rates or slabs for the ay 201920. 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. New optional basic income tax exemption slabtax rates. Please click here for latest personal income tax rates income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Fy 201415 note the new government has presented the budget for ay 201516 on 10. It means even if the employees pf wages is above rs 6500, the employer is liable to contribute only on rs 6500, that is rs 780.
Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Income tax slabs and rates for fy 202021 bankbazaar. Income tax rates for assessment year 20202021 previous year 201920. In case of individual other than ii, iii and iv below and huf. Budget 2019 income tax slab rates in india for fy ay 2019.
Also, a maximum penalty of 50% of the total amount due may be levied by the karnataka authority. Income tax rates for assessment year 20172018 previous year 201617 income. Current income tax rates for fy 201920 ay 202021 sag. Taxable income in 10% slab maximum tax will be rs 32000. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Dec 14, 2011 tds rate chart 1112 fy tds rate 12 ay tcs rates due dates deposit,return tds rates for financial year 201112 and assessment year 201212 is given in the tds rate chart 12. New optional basic income tax exemption slabtax rates budget. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for financial year 2014. Latest income tax slabs and rates for fy 2012 and as.
Income tax slab rates for financial year 2014 assessment. Depreciation chart as per income tax act for fy 2012 and ay 2014 is as under. Every year the income tax rates are changed by the government and every year government charged tax on the new tax slab or on the latest tax slabs. Here, the minimum web width of the slab b w at the most unfavorable level is used in calculating the concretes contribution. However, there is no tax slab changes from the budget 2019. Below are the latest income tax slab rates for fy 201819 or ay 2019 20.
Income tax rates income tax slabs for ay 2012 individuals and hufs. On income of private discretionary trust where shares of. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Income tax rates slabs for financial year 2011 12 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Grab the information of revised gst slab rates on consumer products in india, although the gst council finalized the slab rates like 5%, 12%, 18%. The income tax rates and slabs applicable for the financial year 2014 are same as it was during financial year 2012, except the two major changes which was given below. Blocks of assets are defined based on rates of depreciation of respective block.
The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. Income tax slabs and rates for the ay 201920 fy 201819. Income tax slab for filing tax return on income in india. Applicable to individual male below the age of 60 years and huf. Income tax rates for financial year 2012 and ay 2014. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Individual resident or nonresident, who is of the age of less than 60 years on the last day of the relevant previous year. Oct 25, 2017 different slab rates in karnataka are for a different class of individuals and the above slab rates are only for salarywage earners.
Income tax slab rate for ay 202122 for individuals opting for old tax regime. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617 save tax with hdfc lifes various online insurance products. This line is wrote on your site is it correct or not. Net income range income tax rates surcharge education cess upto rs. 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 2. Budget 2019 income tax slab rates in india for fy ay 201920 pdf highlights updates, new income tax slab rate 201920. Feb 28, 20 income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released.
This is the income tax slabs for financial year 2012 and the analysis. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201819 in the parliament. However, in case of a nonresident individual the tax rates will be same irrespective of his age. 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. The provident fund pf contribution is 12% of pf wages from both employee and employer. Income tax income tax rates ay 2012 fy 2011 referencer. Tagsincome tax slabs,income tax slabs for financial year 2012,income tax slabs for ay 2014,income tax slabs for 12,income tax slabs for ay 14,education cess on income tax,surcharge on income tax,higher education cess on income tax. Other deduction from income under income tax fy 1112. 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. For normal category the simple calculation is as follows. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age.
Income tax slabs for assessment year 2014 financial year. Incometax slab rates for individual for fy 201516 ay 2016. Tax rates applied on charitable and religious trusts. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. However if an employee so desires he may voluntarily. There are three categories in income tax slabs which is for. Income tax slabs income tax rates fy 2014 av 201415. Tax rates as applicable for different persons for the a.
Apr 14, 2020 income tax slabs ay 201415 fy 2014 income tax slabs ay 201516 fy 201415 income tax slabs ay 201617 fy 201516 income tax slabs ay 201718 fy 201617 income tax slabs ay 201819 fy 201718 income tax slabs ay 201920 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. Income tax slabs ay 201415 fy 2014 income tax slabs ay 201516 fy 201415 income tax slabs ay 201617 fy 201516 income tax slabs ay 201718 fy 201617 income tax slabs ay 201819 fy 201718 income tax slabs ay 201920 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. Given below are the various tables for the latest income tax slabs for the fy 20202021. Full budget 201920 key highlights and changes basunivesh. Professional tax slab rates in different states updated for. Revised gst slab rates in india fy 202021 finalized by. Latest income tax slabs and rates for fy 2012 and as 2014. Nov 21, 2010 tax rates as applicable for different persons for the a. 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. Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen savings scheme retirement. Grab the information of revised gst slab rates on consumer products in india, although the gst council finalized the slab rates like 5%, 12%, 18% and 28%. There are total different rates of depreciation hence there are total blocks of assets. For nonprestressed concrete, the main interest of research has been. The slabs and rates shall remain the same as are currently for the ay 201819 which are as under.
Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or. New optional basic income tax exemption slab and reduced tax rates announced in budget 202021 for ay 202122 fy 202021. Tax rates applied on charitable and religious trusts a. Income tax rates slabs for the financial year 20112012 a.