Filing of income tax returns deadline extended for ay 201819 july 26. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Income tax slab rates for last 25 years in india 199293 to. These rates are subject to enactment of the finance bill 2012. The amount of rebate is 100 per cent of income tax or rs. 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 individual new regime income tax slab tax rate. Income tax slabs for fy 2012 , what are income tax rates for individuals, hufs, firms and corporate. Find out which income tax slab you will fall into as per income in the financial year 201718 assessment year ay 201819 and accordingly estimatecalculate your income tax liability.
Latest income tax slabs rates for fy 2012 and as 2014. Following are the major highlights of the latest income tax slab. 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. 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. Simple income tax calculator fy 201516 xls download archive 2 replies 1 files 2 participants. This is the income tax slabs for financial year 2012 and the analysis year 20 14. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. For fy 201718, the tax rebate under section 87 of the income tax act was limited to rs. Income tax slab rates income tax slab rates with the introduction of union budget 2020, there has been a substantial change and modification in the tax slabs applicable to the salaried class.
There are lot of changes in tax rates and cess in the last 25 years. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate. We have attached below the excel file containing income tax calculator for financial year 2012 assessment year 20 14 as modified by finance bill 2012 presented on 16th march 2012. Income tax rates for fy financial year 2012 ay assessment year 20 14,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. The tax rate will be 14% and is payable within 30 days after making such remittances. The age groups are up to age 60, age 60 to 80 and above age 80. Income tax saving deadline extended for fy 201920 by 3. How much tax you save from budget 2017 download fy 201718 income tax calculator. Now both men and women would have same income tax slabs. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax rates for fy financial year 20 14 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. The net tax liability that is payable comes up to rs. Income tax rates in india and comparison with other countries and exemption limits of all. What is income tax, income tax slab for fy 201718, efiling process as we work to earn our living to fulfill our needs and desires, the government has its own ways of earning money which is, in turn, utilized for creation or betterment of infrastructures for us to avail.
Arun jaitley presented the union budget on 29 february 2016. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. In this video i explained about incometax slabs and tax rates for financial year 201819 and assessment year 201920 includes separate slabs for below 60 years individuals, age groups between 60. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Income tax slabs for financial year 2014 goodreturns. New income tax slabs for ay 1415 for resident senior citizens above 60 years. 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 20 14. 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. Latest income tax slabs and rates for fy 2012 and as 2014. In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old regime. This return form is applicable for assessment year 201920 only, i. The age of the individual is the factor to divide the slab rates in the income tax table. Further tax slab for 20% has not extended from 8,00,000 to rs. Income tax slabs and tax rates in india for fy 202021.
Given below are the various tables for the latest income tax slabs for the fy 20202021. Income tax slabs for ay 201819 fy 201718 for individuals. May 06, 2018 hi everyone, we are thankful to you for joining us on our channel and we request you all new visitors please subscribe my channel and click on bell icon for more latest video notification. As there was no change in income tax slabs for fy 201516 i. Oct 15, 2012 income tax slab rates for financial year 201220 i. 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. This rate will continue to be the same as that specified for financial year 202014. 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. After changing of these limits and changes in maximum benefits to female is rs. Assessment year 20 14, relevant to financial year 2012. Latest income tax slabs and rates for fy 2012 and as 2012. Income tax rates for assessment year 2014 resident senior citizens above 80 years super senior citizens. Substitution of new schedule for seventh schedule to act 14 of 2001.
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. 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. Hi everyone, we are thankful to you for joining us on our channel and we request you all new visitors please subscribe my channel and click on bell icon for more latest video notification. Surcharge and education cess see note income tax slab rates 201718 pdf download. If you are a salaried professional, you will be required to check the latest income tax slabs. Income tax slabs 202014 for very senior citizens aged 80 and above. The previous income tax slab for year 201220 can be found here income tax slabs 2012. Jul 27, 2011 income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories. 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 incometax rates. Further, in the fy 201112 ay 2012 men assessees will also get additional basic exemption limit of rs. It is deductible from income tax before calculating education cess.
What is income tax, income tax slab for fy 201718, e. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slab rates for individualhuf for fy 201415. Income tax slab for fy 202021 pdf download income tax.
Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Calculate your tax based on the tax slabs for year 20162017. Home income tax slabs and tax rate in india for fy 202021. 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. 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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slabs income tax rates fy 2014 av 201415. This rate will continue to be the same as that specified for financial year 20 2014. Latest income tax slabs in india fy 201617 or as 201718. The file also contains rate of tax for last 16 financial year i. Income tax slab for fy 201415 pdf download please login cite. Another significant change in this budget was abolishing lower tax slab for women.
Oct 03, 2017 find out which income tax slab you will fall into as per income in the financial year 201718 assessment year ay 201819 and accordingly estimatecalculate your income tax liability. Every year the income tax rates are changed and it is important to get the latest income tax rates. In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old. Income tax saving deadline extended for fy 201920 by 3 months. Income tax slab rates for last 25 years in india 199293. Apr 24, 20 income tax calculator salaried employee fy 14 18 0 raj kumari wednesday, april 24, 20 edit this post income tax calculator for salaried employees for financial year 20 14 is available for download. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. Income tax calculation sheet fy 201415, ay 201516 archive. Income tax slabs for fy 2012, what are income tax rates for individuals, hufs, firms and corporate. Income tax rate chart slabs for assessment year 201112 and earlier. Income tax slab rates for financial year 201516 assessment year201617. Tax slab for fy 201011 ay 201112 particulars slab tax rate women assesses up to 1,90,000 nil.
In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Calculate tax liability for ay 201415 income slabs tax ratesi. Income tax rates for financial year 2012 and ay 2014. Income tax department issued an advisory on phishing. Latest income tax slabs in india fy 201617 or as 201718 income range. 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. Sanyam jain income tax october 15, 2012 leave a comment. Income tax slab rates 201718 pdf download ay 201819. Income tax slabs fy 2012 , ay 20 14 in income tax finance minister pranab mukherjee increase the tax exemption limit from rs. Latest income tax slabs and rates for fy 2012 and as.
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. 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. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 20 14 2. Have a look at the past 25 years income tax slab rates for individuals in india.
Normal rates of tax applicable to all individualshuf who are less than 60 years of age. 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 for fy 202021 pdf download income tax rates. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs. 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. For individuals below 60 years age including woman assessees. Rates of incometax for fy 201415 ay 201516 as per the finance no. Income range tax percentage 1 up to rs 2,50,000 no tax exempt. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000 upto 2 50 000 2 10 00 2 00 001 to 5 00 000 2 00 001 to 5 00 000 2 50 001 to 5 00 000 3 20 00 5 00 001 to 10 00 000 5 00.
The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 20 14. Income tax slabs for fy 202014 here are the slabs for the income tax for the income incurring in fy 202014. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income upto rs. Rates of income tax for fy 201415 ay 201516 as per the finance no.