This is the income tax slabs for financial year 2012 and the analysis year 20 14. 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. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Income tax slab rate for assessment year 202014 tax. Maharashtra professional tax slab rate, latest news. Ministry of finance has come up with many changes with regard to filing income tax return for the assessment year 20 14 relating to the financial year 2012. For senior citizens age 60 years or more but less than 80 years.
As per the finance act, 2012, income tax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf, is as follows. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income tax slab rates for ay 20142015 and fy 202014. India income tax slabs 202014 for senior citizens aged 60 years but less than 80 years income tax slab in rs. Income tax slabs for assessment year 2014 financial year 201220 india income tax slabs for assessment year 2014. Currently we have listed slab rates from assessment year 199293 to 2014.
Latest income tax slabs in india fy 201617 or as 201718 income range. 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. Please find given below the forms issued by income tax department for returns filing as per categories mentioned below. Income tax slab 20 2014 income tax income tax is a form of direct tax. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. 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. Income tax rates for assessment year 20142015 previous year 2014. 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. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Here is quick guide of tax bracket for individuals depending on the income. 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 ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. For individuals below 60 years age including woman assessees.
May 24, 20 new income tax return forms 2014 assessment year return forms for assessment year 2014. Professional tax 20 to 2014 docx download please login cite. Aug 11, 2011 income tax rates slabs ay 200910 individual huf boi aop the rates for assessment year 200910 is given in the table below. 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. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age. Oct 15, 2012 income tax slab rates for financial year 2012 20 i. Tax slab for financial year 201516 assessment year 1617. Calculate tax liability for ay 201415 income slabs tax ratesi. Latest income tax slabs in india fy 201617 or as 201718. Click here to save tax with hdfc lifes various online insurance products.
For normal category the simple calculation is as follows. Every auditorcertifying ca will be a new user for a. Income tax slabs for financial year 201516 or assessment year 201617. It offers special privileges for women professional tax payers. 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. Here is the ready reckoner of inomce tax slabs for the financial year 2014 which will help you while filing tax.
The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 20 14. Income tax ratesincome tax slab for assessment year 202021 previous year. Income tax slabs for financial year 201516 or assessment. Income tax slabs for financial year 2014 goodreturns. Aug 29, 2012 a quick look at income tax slabs in india for financial year 2012 20 and tax assessment year 20 2014. Income tax slabs for assessment year 2014 financial year. The new and revised income tax slabs and rates applicable for the fy 2012 and ay 20 14. Today we are discussing on income tax slab rate for assessment year 202014 of all form of business, reason behind discussion is that because the last date of filling belated return for f. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Here is the ready reckoner of tax slabs for the financial year 2014 which. What is the income tax slab rate for assessment year 202014.
Income tax slabs and rates for fy 20 14 ay 201415, latest amendment for the assessment year 201415 detailed guidance, latest tax computation technics with relevant information about income tax 20 14 for those salaried state and central government employees. 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. Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. Long term capital gains a on equity shares and units. However, tax experts are of the opinion that this might make life difficult for the ultrarich as well as high. Here is the ready reckoner of inomce tax slabs for the financial year 20 14 which will help you while filing tax. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Assessment year 2014, relevant to financial year 2012. Income tax slabs for assessment year 2014 financial. Long term capital gain arising on transfer of equity shares in a recognized stock exchange in india or units of an equity oriented mutual fund if 65% of total proceeds of the fund are invested in equity shares, and on which securities transaction tax is chargeable. The slides show tax slabs for general tax payers age below 60 years, female tax payers age below 60 years, senior citizens age between 60 to 80 years and super senior citizens age above 80 years. Income tax amendment for the assessment year 201415. The slides show tax slabs for general tax payers age below 60 years, female tax payers age below 60 years, senior citizens age between 60 to 80 years.
This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slab rate for assessment year 2012 20 or financial year 20112012. Please click on the links below to view the income tax also written shortly as i. 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. Income tax return for the assessment year 2014 advisory. The budget 2014 has changed the income tax slab rates slightly as compared to the income tax rates of financial year 20 14. Income tax slab rates for financial year 201516 assessment. Oct 12, 2012 as per the finance act, 2012, income tax rates applicable for assessment year 20 14 financial year 2012 applicable to individual, huf, is as follows. Assessment year 201220 assessment year 20142015 calculation of taxable income capital gains charitable trusts corporate taxes efiling of income tax returns esops fbt filing income tax returns forms download house property tax how to apply for pan card how to calculate wealth tax income tax brackets in. The previous income tax slab for year 201220 can be found here. Income tax slab rates for ay 20142015 and financial year 2014 income tax slabs and rates are changed almost every year. It is the major source of revenue to the government. 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. Who is 60 years or more at any time during the previous year,but less than 80 year as on the last day of the previous year i.
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. Income tax ratesslab for assesment year rate % 2011. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Total income rs rate up to 2,50,000 nil from 2,50,001 to 5,00,000 5% from 5,00,001 to 7,50,000 10%. For individuals, huf, association of persons aop and body of individuals boi. Latest income tax slabs and rates for fy 2012 and as. 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. Please note that the income of financial year 2012 20 is taxable at the tax rate applicable for assessment year 20 2014. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Income tax slab rates for financial year 2014 assessment year 201415.
Income tax slabs income tax rates fy 2014 av 201415. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. We have provided the latest income tax slabs for financial year 2014 or assessment year 201415. Income tax slab for filing tax return on income in india. Income tax slab rate for assessment year 2012 20 or.
Tax slab for financial year 201415 assessment year 1516 for men below 60 years of age for senior citizens age 60 years or more but less than 80 years. Please note that the income of financial year 201220 is taxable at the tax rate applicable for assessment year 202014. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. As per the finance act, 2012, incometax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf, is as follows. 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 slab rates for financial year 2014 assessment. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Resident individual of the age of 80 years or above at any time during the year. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Before discussing about the recent changes made in the details to be given in the income tax return forms let us check out the most important thing i.
Income tax slabs and rates for fy 2014 ay 201415, latest amendment for the assessment year 201415 detailed guidance, latest tax computation technics with relevant information about income tax 2014 for those salaried state and central government employees. India income tax slab and rates for tax filing, free income tax calculator, finance news and more. The biggest beneficiaries would be people having income between rs. Assessment year 201415 financial year 2014 assessment year 2014 financial year 2012. Income tax slab rates for financial year 201516 assessment year201617. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Latest income tax slabs and rates for fy 2012 and as 2012. 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. Income tax slab for financial year 201415 mytaxcafe. Income tax slab tells the tax rate at which you have to pay tax on income. Income tax rates for financial year 2012 and ay 2014. Individuals other than senior and super senior citizen net income range rate of income tax assessment year 202122 assessment year 202021 up to rs.
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. Latest income tax slabs rates for fy 2012 and as 2014. 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. Income tax slabs and rates fy 2014 it assesment year. Add surcharge surcharge is 10% of incometax rebate us 88e is not available w.
A in case of individual including women whose age is not more than sixty years. In the case of a person being an individual where the total income includes income chargeable to income tax, under the head. Latest income tax slabs and rates for fy 2012 and as 2014. From assessment year 2014, alternative minimum tax amt is also applicable on the cooperative. Gross dividends received by an indian company from a specified foreign company in which it has shareholding of 26% or more at the rate of 15% if such dividend is included in the total income for the financial year 2012 i. The budget 2014 has changed the income tax slab rates slightly as.
New income tax return forms 2014 assessment year return forms for assessment year 2014. Rate of income tax assessment year 202122 assessment year 202021 up to rs. So, there will be an additional saving of rs 22000 in tax if your taxable income is rs 10, 00,000 as compared to previous year. Taxable income in 10% slab maximum tax will be rs 32000. The 20% slab has been expanded and its limit has been moved up from 8 lakhs to 10 lakhs. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Indian income tax slab rates updates this page is updated yearly with the indian income tax slab rates. Use our free income tax calculator for getting an idea of how much tax you will.
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