Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Incometax slab rates for individual for fy 201516 ay 201617 tax expert. Income tax slabs ay 2014 15 fy 2014 income tax slabs ay 201516 fy 2014 15 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. To know options where you can save tax us 80c click here to know more tax saving options beyond 80c click here. Assessment year 201617 financial year 201516 every individual, hindu undivided family and company whose net wealth exceeds the maximum amount which is not chargeable to wealth tax in any previous year ending of 31st march is liable to file the wealth tax return. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Incometax slab rates for individual for fy 201516 ay 2016. Latest income tax slabs rates for fy 2012 and as 2014. Net tax payable including education cess is rs 5,150. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. Incometax slab rates for individualhuf for fy 201819 ay.
Incometax slab rates for individualhuf for fy 201819 ay 201920 mitra 1. Income tax slabs income tax rates fy 2014 av 201415. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. Income tax slab rate for assessment year 2014 15 i. Every year the income tax rates are changed and it is important to get the latest income tax rates.
Tds rate chart for fy 201920 ay 202021, tcs rates for fy. Due date to file income tax return assessment year 201415. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi income slabs tax rates where the taxable income does not exceed rs. Incometax slab rates for individual for fy 201516 ay. Apr 14, 2020 income tax slabs ay 2014 15 fy 2014 income tax slabs ay 201516 fy 2014 15 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. Tax slab for financial year 201516 assessment year 1617. Income tax amendment for the assessment year 201415. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or. Income tax slabs and rates for fy 2014 income tax slabs for fy 2014 ay 201415. Incometax slab rates for individual for fy 201415 ay 201516. Incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released.
I have not added section 194da in the table below since it is not yet passed. Income tax rates slab for assessment year 2014 15 previous year 2014 rates %age. New income tax slab rates for ay 201819 fy 201718 pdf. You can complete filing your incometax return in just 15 minutes using the website or the. As there was no change in income tax slabs for fy 201516 i. Tds rate chart for fy 2014 ay 201415 tally knowledge. Government of india income tax slab rates for ay 20152016. Today i have gone to income tax department to file the return financial year 2014 15 assessment year 201516, whereas the income tax officer has told me to pay penalty rs. Feb 28, 20 income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Section 192 193 194 194a 194b 194bb 194c 194d 194da 194e 194ee 194f 194g 194h 194i 194ia 194j 194la 194lb 194lba 194lc. Calculation of tds on salary for fy 2014 ay 201415.
Income tax slabs and rates for fy 202021 bankbazaar. Due to the hike in cess, the tax liability for the highest slab assuming an income of rs 15 lakh has increased by rs 2,625. My next question is that how should be calculated the income tax for current year. Tds rate chart for fy 2014 15 201516 ay 201516 201617 after budget 2015 2014 changes. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for.
Arun jaitley, 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 thursday, july 10, 2014 in new delhi. Tds rate chart fy 201415 201516 ay 201516 201617 budget. Income tax slab rates for 201415 resolved caclubindia. 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. Incometax slab rates for individual for fy 201718 ay 201819 upload form16 and file itr using mobile app. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. My question is that this arrear should not be added in previous year.
As per the section 4 of the income tax act, the total income of a person for the previous year shall be. 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. Income tax slab rates for financial year 2014 assessment. 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. Tax slabs, itr forms april 20, 2014 by bemoneyaware 44 comments income tax slabs,rates,forms for assessment year 201415, or financial year fy 2014, applicable on income earned during 01. Incometax slab rates for individualhuf for fy 201819. We will update the new income tax slab rates for the assessment year 201819 and the financial year 201718 with the example in pdf format.
Here is a primer on income tax slab rates for ay 201617. Given below are the various tables for the latest income tax slabs for the fy 20202021. We can say that it is an amount based deduction and total deduction should not be more than rs. Tds rate chart fy 2014 15 ay 201516 due date of tds payment etds return filing person required to file etds return filing due dates notification no. Union budget 2014 has amended the basic income tax slabs for financial year 2014 15, however there is no change in the income tax rates, surcharge and cess. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Having pan card makes it compulsory to file returns. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Surcharge and education cess see note income tax slab rates 201718 pdf download.
The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Tds rate chart for fy 201920 ay 202021, tcs rates for fy 201920 download in excel formata and in pdf format. But the tax slabs have not been changed for the last few years. The exemption limit for income tax has also increased more than 10 times from rs. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Ay 201617, the following rates were also applicable for fy 2014 15 ay 201516. 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. The new and revised income tax slabs and rates applicable for the financial year fy 2014 and assessment year ay 201415 are mentioned below. Income tax calculator for fy 2014 15 ay 201516 351. Income tax slabs and rates for fy 2014 ay 2014 15, latest amendment for the assessment year 2014 15 detailed guidance, latest tax computation technics with relevant information about income tax 2014 for those salaried state and central government employees. 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. For normal category the simple calculation is as follows.
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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Now my total income is rs 591684 including the arrears. Tax rates for 20142015 year residents the basic tax scale and marginal rates for the 201415 financial year have been in place for three financial years. Total deduction amount of assessment year 2014 15 and 201516 shall be rs. Oct 14, 2019 the new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2014 to march 31, 2015. Tds rate chart fy 201415 ay 201516 due date of tds payment etds return filing person required to file etds return filing due dates notification no. In the middle income tax slab, the tax outgo increases by rs 1,125, and there is a nominal increase in the tax liability of rs 125 for lowest income tax slab. Income tax slab rates 201819 pdf download ay 201920. An individual or a hindu undivided family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limitsrs. Apr 30, 2020 tds rate chart for fy 201920 ay 202021, tcs rates for fy 201920 download in excel formata and in pdf format.
Important points to know while filing itr this year. Please click the link below to get the access of the same. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Download income tax calculator for fy 201415 ay 201516. Total deduction amount of assessment year 201415 and 201516 shall be rs. Tds rate chart for fy 201415 201516 ay 201516 201617 after budget 2015 2014 changes. Here we can know the information about the income tax slab rates for 201819. My query is why i should pay the penalty, since the law is made on 1st april 2017 onwords and not to prior to that. Apr 05, 2014 new income tax slab tax rate for fy 2014 15. Income tax rates for fy financial year 2014 ay assessment year 2014 15,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Incometax slab rates for individualhuf for fy 201819 ay 201920. Form 16 tds understand form 16 download excel utility. Income tax slab rates for non individuals companies. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 2014 15.
Income tax slab rates 201718 pdf download ay 201819. It offers special privileges for women professional tax payers. You can complete filing your incometax return in just 15 minutes using the website or the mobile app. Incometax slab rates for individual for fy 201415 ay. Even the lowest tax rate has gone down from 20% to 5%. Maharashtra professional tax slab rate, latest news. 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. Income tax rates 20142015 for filing individual tax returns. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2014 to march 31, 2015. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Tds by individual and huf non audit case not deductible. Mar 14, 2014 tds rate chart financial year 201415 assessment year 1516 the posting had been move to another website. Aug 04, 2014 tds rate chart fy 2014 15 ay 201516 tds due dates 18 0 raj kumari monday, august 4, 2014 edit this post deduction of tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of interest on late deposit and dis allowance of expenses. Income tax slabs and rates fy 2014 it assesment year.
For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. Mar 16, 2019 admin march 16, 2019 march 16, 2019 no comments on income tax slab rate for fy 2012 pdf income tax rates. The basic exemption limit has been increased from rs 2 lakh to rs. Normal rates of tax applicable to all individualshuf who are less than 60 years of age. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories. Now following person are liable to file etdsetcs return.
Taxable income in 10% slab maximum tax will be rs 32000. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in. 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. The amount of incometax 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. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Senior citizen who is of the age of 60 years or more but below the age of 80 years at any time during the previous year. Looking for the income tax slabs and rates for the financial year 2014 or assessment year 2014 15. Income tax slab rates for individualhuf for fy 2014 15. Rates of incometax for fy 2014 15 ay 201516 as per the finance no. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30.