Income tax slab for ay 2015-16 pdf

Finance bill 2014 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of 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. My question is that this arrear should not be added in previous year. Excel tds form16 automatic certificateay 201516 download. The above income tax rates are for general category men women who are below 60 years of age. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and. Every year the income tax rates are changed and it is important to get the latest income tax rates. 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. Incometax slab rates for individual for fy 201617 ay. Income tax slabs 202021 new income tax slabs, brackets. Income tax slab rates for individual for fy 201516 ay 201617. Know more about income tax slabs and rates for assessment year 2015 16. Income tax slab rates for ay 201617 fy 201516 ndtv. Last 25 years income tax rates linkedin slideshare.

You can complete filing your income tax return in just 15 minutes using the website or the mobile app. Download income tax calculator for free for previous year 2014 2015. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 2015 16 for last fy 201415. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 201516 i. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. 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. A comparative analysis of income tax calculation for fy 202021 ay 202122 under the existing tax slab and the new income tax slabs introduced in budget 2020 can be understood by comparing taxable income. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs.

Union budget 201516 and 201415 have not altered the rebate available under section 87a for fy 201516, 201415 or ay 201617, 201516 meaning thereby that effectively there will be no income tax payable up to the total income of rs. Incometax slab rates for individual for fy 201415 ay. Income tax slabs and rates for fy 202021 bankbazaar. Download pdf files for form 15g, form 15h, form 60, form 61. There are lot of changes in tax rates and cess in the last 25 years. Income tax slab rates for financial year 201516 assessment year201617 resident super senior citizen. Hence this provision continues for ay 201516 as well. Income tax income tax rates ay 201516 fy 2014 referencer. Hope, now you all know the income tax rates on partnership firm. Now my total income is rs 591684 including the arrears. But the tax slabs have not been changed for the last few years. Tax slab for financial year 201516 assessment year 1617. All the data listed above is for the fy 201415 and ay 201516.

Availabilityincome tax rebate section 87a fy 201415 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. An assessee, being an individual resident in india, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income tax as computed before allowing the deductions under this chapter on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income tax. The surcharge at the rate of twelve percent shall be levied if the total income of the domestic company exceeds ten crore rupees. For normal category the simple calculation is as follows. Income tax is imposed on the basis of ability to pay. Ay is assessment year latest income tax rates for fy 201516. However, the total amount payable as incometax and surcharge on total income exceeding one crore rupees but not exceeding ten crore rupees, shall not exceed the total amount payable as incometax on a total income of one crore rupees, by more than the amount of income. Availabilityincome tax rebate section 87a fy 201415 ay.

Union budget 2015 16 and 201415 have not altered the rebate available under section 87a for fy 2015 16, 201415 or ay 201617, 2015 16 meaning thereby that effectively there will be no income tax payable up to the total income of rs. Income tax slabs for individuals are divided into 3 slabs. Steps to file your indian income tax return quickly with. Income tax slab rates for individualhuf for fy 201415. It is deductible from income tax before calculating education cess.

Income tax rates on partnership firm for ay 201516 cakart. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. The tax department issued a clarification after a fake order was circulating on social media about the extension of the deadline. The amount of rebate is 100 per cent of income tax or rs. It slabs from fy 200809 to fy 201516 income tax caclubindia. The basic exemption limit has been increased from rs 2 lakh to rs. Net income range income tax rates surcharge education cess.

As there was no change in income tax slabs for fy 2015 16 i. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 2015 16 i. Fill up the relevant details to know your tax liability for fy 201516 income tax slabs for fy 201516 ay 201617 general public income tax slab education cess of 3% surcharge of 12% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female tax. Jul 11, 2014 rs,my taxable income for fy 201415 was rs 3894. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Quick excel income tax calculator for fy 201516 ay 201617. Income tax slab for filing tax return on income in india. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for.

Incometax slab rates for individual for fy 201617 ay 2017. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories. Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax at a glance among direct taxes, income tax is the main source of revenue. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or non. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. New income tax slabs for ay 1415 for resident senior citizens above 60 years. Income tax slab rates for last 25 years in india 199293 to. 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. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay.

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 co slideshare. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. As there was no change in income tax slabs for fy 201516 i. Latest income tax slabs and rates for fy 201516 and ay 201617. Latest income tax slabs and rates for fy 201516 and ay. Jul 14, 2016 personal income tax rates for the financial year 20082009 and assessment year 20092010 new delhi delhi, india, november 17, 2015 indian government ups basic personal income tax exemption limit from rs. Education cess of 3% is also applicable to income tax computed as per above slab.

Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Incometax slab rates for individual for fy 201516 ay. Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update. Income tax is a direct tax which is levied by the government. Employers will issue form 16, certificate under section 203 of the income tax act, 1961 for tax deducted at source from income chargeable under the head salaries for all the tax deducted at source while disbursing salaries. Have a look at the past 25 years income tax slab rates for individuals in india. Income tax rates for assessment year 20162017 previous year 201516 income tax rates. Apr 10, 2018 income tax slab rates for individual for fy 2015 16 ay 201617 steps to file your indian income tax return quickly with. You will be treated as a tax resident for a particular year of assessment ya if you are a. Domestic companies have to pay 5% surcharge on income exceeding rs. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. 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 201718. How income tax structure, slabs in budgets over last 4.

The budget 2016 did not witness any change in the tax slabs, but the modi sarkar lessened the burden on low income group by increasing the rebate us 87a from rs 2,000 to rs 5,000 and the super. Download income tax form 16 certificate of tax deducted at source tds in excel auto format for financial year 201415 assessment year 201516. Income tax department has notified the itr form ay 201516 but after representation from public against the new columns and information in new forms now new. Incometax slab rates for individual for fy 201516 ay 2016. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. Nonresident individualhuf net income range income tax rates health and education cess up to rs.

It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Mar 15, 2019 the income tax slab is remain unchanged in this financial year. Given below are the various tables for the latest income tax slabs for the fy 20202021. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000.

Income tax rates 20142015 for filing individual tax returns. 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 rates on partnership firm for ay 2015 16. Income tax rate for last 15 years for individual, huf. Income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with.

Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. The certificate can be used for computing actual income and tax. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Income tax rates for fy financial year 201415 ay assessment year 2015 16 final, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax slab rates for financial year 201516 assessment year201617.

Who is 80 years or more at any time during the previous year. 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. Download income tax calculator for fy 201516 ay 201617 income tax slab for fy 201415 ay 201516 the income tax slab has changed for general public and senior citizens. Looking for the income tax slabs and rates for the financial year 201415 or assessment year 201516. Income tax calculator for fy 2015 16 ay 201617 351. Income tax slab for fy 2015 16 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. My next question is that how should be calculated the income tax for current year. Here is a primer on income tax slab rates for ay 201617. Aug 31, 2019 the incometax department on friday had confirmed that the deadline to file income tax returns itr for 201920 will end on saturday, and wont be extended again.

Due date to file income tax return assessment year 201516. Income tax slabs income tax rates fy 201415 av 201516. Income tax slabs and rates for assessment year 201516. Income tax rate for last 15 years for individual, huf, aop and boi last updated on june 3, 2014 by editorial staff income tax rate is a percentage specified in the finance bill as a rate to be charged on the taxable income. 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. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021.

Income tax slab rates for financial year 201516 assessment. Income tax slab rates for last 25 years in india 199293. Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. We will cover other aspects like filing of income tax return of partnership firm, assessment of partnership firms and book profit. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. People of kashmir and floodhit districts can file gstr till. Download income tax calculator for fy 201415 ay 201516. Ay is assessment year latest income tax rates for fy 2015 16. Income tax slabs and rates for assessment year 201516 cakart. Income tax slabs for filing tax return for individuals and hufs.

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. Taxable income in 10% slab maximum tax will be rs 32000. Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. Lets first understand what is income tax slab in india. Ay 201617, the following rates were also applicable for fy 201415 ay. The national board of revenue nbr is the apex authority for tax administration in bangladesh.