Tax slab for financial year 201516 assessment year 1617. India income tax slabs for assessment year 2014 financial year 201220 general tax payers. The accurate and complete filling up of the relevant. Assessment year 2012, relevant to financial year 201112. 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. Fy 2012, ay 2014 normal rates of tax for male where the total income does not exceeds to rs. Find the income tax slab rates for the last 7 years all at one place 1 f.
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. Income tax ratesslabs for financial year 201112 assessment. Income tax slab rates for financial year 201516 assessment. As per the finance act, 2012, incometax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf, is as follows. Income tax department income tax return statistics assessment. Income tax is one thing which every salaried man on the street is interested in. Income tax rates income tax slabs for assessment year 2012. Income tax slabs for assessment year 2014 financial year 201220 india income tax slabs for assessment year. 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. 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. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year. Click here to save tax with hdfc lifes various online insurance products.
Oct 06, 2011 income tax rates companies ay 2012 mat dividend distribution tax income tax rates on domestic companies for last four year has been given in table below. There is no change in tax structure for woman and senior citizens. India income tax slabs for assessment year 2012 financial year 20112012 general tax payers. Nov 18, 2011 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. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Common mistakes in filling of income tax return itr form ay 2012 reasons for mistakes in calculation of income. Jan 20, 2020 the new tax slab rate was rxte but changes are not of much significant. Income tax slabs for assessment year 2014 financial. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Income tax rates slabs for the financial year 20112012 a.
Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Women below 60 years of age this category is abolished from this year and is thus is same as that of general. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. New income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company. Every year the income tax rates are changed and it is important to get the latest income tax rates. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2008 to march 31, 2009. Government of india income tax slab rates for ay 20092010.
Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. Depreciation chart as per income tax act for fy 2012 and ay 2014 is as under. Further rates of sttsecurities transaction tax ay 2011. Lets first understand what is income tax slab in india. Have a look at the past 25 years income tax slab rates for individuals in india. In india, we have a progressive method of taxation, this means the more your income is the more tax you will.
For normal category the simple calculation is as follows. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. Oct 12, 2012 rates of incometax as per finance act, 2012. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. For resident senior citizens age limit 60 years or more at any time during the year but not more than 80 years on the last day of the year. For individuals below 60 years age, other than woman assessees. Incometax slab rates for individual for fy 201516 ay 201617 incometax slab rates for individual for fy. Looking for the income tax slabs and rates for the financial year 2012 or assessment year 2014.
Undivided family huf, association of persons aop and body of individuals boi in india is as under. Income tax rates for assessment year 2012 resident senior citizens above. As there was no change in income tax slabs for fy 201516 i. Income slabs and deductions under income tax applicable for ay 2021fy 1920.
But the tax slabs have not been changed for the last few years. Incometax slab rates for individual for fy 201516 ay. Latest income tax slabs and rates for fy 2012 and as 2012. Common mistakes in filling of income tax return itr form.
Taxable income in 10% slab maximum tax will be rs 32000. Income tax slab from assessment year 20012002 to a. Past 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415. First income tax rates,dividend distribution tax,minimum alternate tax. Latest income tax slabs and rates for fy 2012 and as. 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. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slab for filing tax return on income in india. Here is a primer on income tax slab rates for ay 201617. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned 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.
Blocks of assets are defined based on rates of depreciation of respective block. Latest income tax slabs in india fy 201617 or as 201718. In case of individual other than ii, iii and iv below and huf. Income tax rates income tax slabs for ay 2012 individuals and hufs. 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. To learn more about the income tax slabs ay 1819, click here. The normal tax rates applicable to a resident individual will depend on the age of the individual. Latest income tax slabs and rates for fy 2012 and as 2014. Income tax rates for financial year 2012 and ay 2014. 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. Income tax ratesincome tax slab for assessment year 202021 previous year. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Depreciation chart as per income tax act for fy 2012.
Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. The information set out in the tax reckoner 2012 the document is. The accurate and complete filling up of the relevant column or detail in the income tax return itr form is most crucial for correct calculation of income. Oct 31, 2012 there is a concept of block of assets. Mar 16, 2019 income tax slab rate for fy 2012 pdf income tax rates. Apr 16, 2015 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. Income tax slab rate for fy 2012 pdf income tax rates. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. Latest income tax slabs rates for fy 2012 and as 2014. Latest income tax slabs in india fy 201617 or as 201718 income range. Slab rates for fy 1920 or ay 2021 for general public or individuals below 60 years of age. Income tax slab rates for financial year 2014 assessment.
There are total different rates of depreciation hence there are total blocks of assets. 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. Another significant change in this budget was abolishing lower tax slab for women. Incometax slab rates for individual for fy 201516 ay 2016. 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 rates applicable for the financial year fy 2012 and assessment. Assessment year 2012 , relevant to financial year 201112.
I ndian income tax system follows income tax slabs for levying the tax on the income of an individual or. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Apr 14, 2020 new income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company. Income tax slab rates for the last 7 years yash shindes.
Income slabs and deductions under income tax applicable. Looking for the income tax slabs and rates for the financial year 201112 or assessment year 2012. 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. Incometax slab rates for individual for fy 201516 ay 201617 incometax slab rates for individual for fy 201415 ay 201516. Income tax slabs for assessment year 2014 financial year. Income tax rates of llplimited partnership firm is listed out for assessment year 2012, 201112 and 201011. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Palaniappan chidambaram, 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, february 29, 2008 in. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Income tax department income tax return statistics. As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991.
Income tax rates for assessment year 202014 previous year 2012. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slab rates for last 25 years in india 199293. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Income tax income tax rates ay 2012 fy 2011 referencer. Rates of income tax for companies,firms,limited partnership firm and all other assesses for financial year 201011 is also given in the charts.
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