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 20 14. Oct 14, 2019 the new income tax rates or income tax slabs are effective from april 01, 20. Income tax circular 20 14 circular, income tax 2012 amendment of income tax ordinance section 19. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. Last 25 years income tax rates linkedin slideshare. Only tax rebate of 2000 rs has been allowed for income tax slabs between 2lakh5lakh. Individuals and hufs tax slabe individual other than ii and iii below and huf. 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. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income tax slabs for assessment year 2014 financial year. The new income tax rates or income tax slabs are effective from april 01, 20. Please give only relevant comments as irrelevant comments are waste of time for yourself and our other readers. 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.
Here is the ready reckoner of tax slabs for the financial year 20 14 which. 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. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. 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. Latest income tax slabs rates for fy 2012 and as 2014. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2012 to march 31, 20. Rates of income tax fy 20 14 ay 201415 as per finance act, 20 as per the finance act, 20, income tax is required to be deducted under section 192 of the act from income chargeable under the head salaries for the financial year 20 14 i. Tax slab for financial year 201516 assessment year 1617. The slab of income tax rates for fy 2012 ay 20 14 is to some extent different from that of slab of fy 1112 ay 2012. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Latest income tax slabs and rates for fy 2012 and as 2014.
The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. 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. Find the income tax slab rates for the last 7 years all at one place 1 f. 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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. For normal category the simple calculation is as follows. Income tax circular 2014 circular, income tax 2012 amendment of income tax ordinance section 19.
Incometax slab rates for individual for fy 201516 ay. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Latest income tax slabs and rates for fy 2012 and as. Income tax slab rates for financial year 2014 assessment. 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.
We provide you the latest income tax rates in india for everyone and tax benefits for the current financial. Union budget 20 14 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 1415 for resident senior. 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. Apr 22, 20 the slab of income tax rates for fy 2012 ay 20 14 is to some extent different from that of slab of fy 1112 ay 2012. Major changes in income tax returns fy 20 14 or ay 201415 by ankur srivastava uploaded on 06072014 you can give your feedback comments about this article. Government of india income tax slab rates for ay 202014. Even the lowest tax rate has gone down from 20% to 5%. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the income tax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident.
Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Apr 14, 2020 income tax slabs ay 201415 fy 20 14 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. For senior citizens age 60 years or more but less than 80 years. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 2014 for resident senior citizens above 80 years fy 2012. Income tax slabs for assessment year 2014 financial. Based on the annual income earned by an individual, the following table shows different income tax rates applicable in india. Individual income tax rates australian taxation office. Here is the ready reckoner of tax slabs for the financial year 2014 which.
Oct 15, 2012 income tax slab rates for financial year 2012 20 i. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. In respect of income of all categories of assessees liable to tax for the assessment year 2014, the rates of incometax have been specified in part i of the first schedule to the bill. For general tax payers including women income slab tax rate 0 to 2,50,000 no tax 2,50,001 to 5,00,000 10% 5,00,001 to 10,00,000 20% above 10,00,000. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718.
Pranab mukherjee, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on friday, march 16, 2012 in new delhi. Please click on the links below to view the income tax also written shortly as i. 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. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. If you are under the age of 18, and receive unearned income for example. Rates of depreciation under section 32 assets rate building residential. Tax slab for financial year 201415 assessment year 1516 for men below 60 years of age. A individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year income tax slab rates 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. New income tax slabs for ay 20 14 for resident senior citizens above 60 years fy 2012 s.
Income tax rates for financial year 2012 and ay 2014. Income tax slab from assessment year 20012002 to a. Last 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415 by shankar bose inspector of income tax oo the principal chief commissioner of income tax, odisha, bhubaneswar 2. Taxable income in 10% slab maximum tax will be rs 32000. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent.
Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. Income tax slabs income tax rates and deductions for fy 2014. For general tax payers including women income slab tax rate 0 to 2,50,000 no tax 2,50,001 to 5,00,000 10% 5,00,001 to 10,00,000 20% above 10,00,000 30% b. Income tax rates slab for assessment year 201415 previous year 20 14 rates %age.
Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Individual resident or nonresident, who is of the age of less than 60 years on the last day of the relevant previous year. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age.
Government of india income tax slab rates for ay 20142015. Paripatra2014 income tax paripatra income tax202014. Income tax slab rates for the last 7 years yash shindes. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 20 14 for resident senior citizens above 80 years fy 2012. The exemption limit for income tax has also increased more than 10 times from rs. Net income range income tax rates health and education cess up to rs. Government of india income tax slab rates for ay 20142015 government of india has increased basic income tax exemption limit from rs. Oct 14, 2019 the new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2012 to march 31, 20. Income tax slab rates for the last 7 years yash shindes blog. Apr 08, 2015 find the income tax slab rates for the last 7 years all at one place 1 f.
As there was no change in income tax slabs for fy 201516 i. Calculate tax liability for ay 201415 income slabs tax ratesi. Income tax 2014 changes in budget affecting salaried class. Rates of incometax fy 2014 ay 201415 as per finance act, 20 as per the finance act, 20, incometax is required to be deducted under section 192 of the act from income chargeable under the head salaries for the financial year 2014 i. Income tax rates income tax slabs for assessment year. Income tax slabs for financial year 2014 goodreturns. New income tax slabs for ay 2014 for resident senior citizens above 60 years fy 2012 s.
Every year the income tax rates are changed and it is important to get the latest income tax rates. These are the same as those laid down in part iii of. 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 2014 changes made in income tax provisions in the union budget 2014 which would affect salaried class income tax structure and provisions relating to central government employees and pensioners for the year 2014 assessment year 201415. Use our free income tax calculator for getting an idea of how much tax you will. Y 201415 are same as budget of 2103 and has made nochanges in the income tax slab rates for individual, woman,senior citizen, super senior citizen and. 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 rates for assessment year 199293 income slab rs. Apr 16, 2015 income tax slab rates for year 20 14, income tax rates for year 2012, income tax rates for 1011,1112,12, 14 15, income tax rates for individual, income tax rates for salaried persons, income tax rates for company. Paripatra2014 income tax paripatra income tax 20 2014. This is the income tax slabs for financial year 2012 and the analysis year 20 14. Income tax 2014 changes in budget affecting salaried. Income tax rates 20142015 for filing individual tax returns. This is the income tax slabs for financial year 2012 and the analysis year 2014.
Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol. The above rates include changes implementing changes announced in the 201819 federal budget. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. You will be looking for changes in income tax rates,but the news is that there is no change in income tax rates,slabs at all. Ay 202021 fy 201920 vote on account income tax october 18, 2018 guide to standard deduction deductions september 22, 2018 number of days work to buy an iphonex others. Mar 18, 2012 the rates are for the previous year 2012. Income tax slab rates for year 2014, income tax rates for year 2012, income tax rates for 1011,1112,12,1415, income tax rates for individual, income tax rates for salaried persons, income tax rates for company. Ay 2014 fy 2012 it is to be noted that in the financial yearthe slabs and tax rates were kept at the ry level as those in the previous financial year male below 60 years. Income tax slab rate for ay 202122 for individuals opting for old tax regime.
651 953 831 153 932 543 1405 1049 1039 309 292 1156 1372 152 740 224 785 1023 115 1336 1019 1099 1541 82 245 606 311 287 142 574 165