Nntax slab for fy 2014-15 pdf

Income tax slabs for fy 201617 ay 201718 income tax calculator for fy. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. My question is that this arrear should not be added in previous year. New rates comes in to effect from this financial year, i. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab.

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. 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 updated latest income tax slab rates in india for individuals, company, nri, huf, llps. Download free major itr forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files, fillable files and instructions. My next question is that how should be calculated the income tax for current year. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Calculation of tds on salary for fy 2014 ay 201415. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax slab for filing tax return on income in india. Income tax slabs for financial year 201415 and analysis. 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. Even the lowest tax rate has gone down from 20% to 5%. Government of india income tax slab rates for ay 202014.

Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 2014 15. 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. Income tax slabs are reintroduced in union budget 201415 and no big change in the tax slabs for the financial year 201415 and assessment year 201516. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate. Income tax slabs and rates for fy 202021 last updated. Income tax slabs for financial year 201415 and assessment.

The new income tax rates or income tax slabs are effective from april 01, 2012. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. This part is applicable to a resident individuals below the age of 60 years assessment year 201516 for a resident senior citizen who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i. How to avoid tds deduction by banks hot tips for tds in banks. The indepth analysis of data for the year fy 201415 provides an insight in to various. Here are the slabs for the income tax for the income incurring in fy 202014. Every year the income tax rates are changed by the government and every.

Rates of incometax in the case of every individual other than those mentioned in ii and iii below or hindu undivided. Incometax slab rates for individualhuf for fy 201819 ay 201920. The exemption limit for income tax has also increased more than 10 times from rs. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in this post. Tds rate chart fy 201415 ay 201516 due date of tds payment etds return filing tds rate chart financial year 2014 15 nature of payment made to residents thresholdrs. Ay 201516 as proposed by budget 201415 finance bill 201415 income tax slab tax rates for individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Availabilityincome tax rebate section 87a fy 201415 ay. You can complete filing your incometax return in just 15 minutes using the website or the.

Detailed split for general, women, senior citizen etc are provided. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in. Finance bill 2014 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a. Tagsincome tax slabs,income tax slabs for financial year 2014,income tax slabs for ay 201415,income tax slabs for 14,income tax slabs for ay 1415,education cess on income tax,surcharge on income tax,higher education cess on income tax,new income tax slabs,2000 rebate on income tax. Incometax slab rates for individual for fy 201516 ay. Now my total income is rs 591684 including the arrears. Income tax rates slab for fy 201415 or ay 201516 ebizfiling. 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. Here we present to you all income tax slab rates india for past 25 years. Tds from salary during financial year 2014 pdf download.

Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. Calculate your tax based on the tax slabs for year 20142015. Income tax rate for individuals and house of undivided family huf for the f. 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. Income tax slabs and rates for fy 202021 bankbazaar. Incometax slab rates for individual for fy 201415 ay. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 201415 are given below. Fy 201415, fbr has not only improved tax gdp ratio to 9. You must check out the difference between the 1992 i. Tax slab for financial year 201516 assessment year 1617. Incometax slab rates for individual for fy 201516 ay 201617 tax expert. Income tax rates slab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the.

New income tax slab for fy 2014 ay 201415 for resident senior citizens 60 years. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Download income tax calculator for fy 201415 ay 201516. Inflation rate for the first nine months of this fiscal. Financial year 20142015 ay 20152016 a new section 194da has been introduced in budget 2014 under which sum received from insurance company will be liable to tds at 2%. The finance minister during his budget speech has announced that there will be no change in the structure of the income tax rates for individuals. What are the slabs and exemptions for assessment year 201415 fy 2014. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget.

Detailed article on the income tax slabs rates for fy 201415 and ay 201516. Income tax slab for fy 201415 pdf download please login cite. Income tax ratesslab for assessment year 201718 previous year 201617 income tax rates for financial year 201415 and 20152016 are same, there is. The basic exemption limit has been increased from rs 2 lakh to rs. There is a proposal of 4% heath and education cess in place of earlier 3% education cess on the income tax.

Income tax rates for assessment year 201516 this part is. For individuals, huf, association of persons aop and body of individuals boi. Income tax slabs income tax rates fy 2014 av 201415. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. How to make best use of section 80c or saving tax by investing under section 80c. What is income tax rates in india for financial year 2014.

Fill up the relevant details to know your tax liability for fy 201415 income tax slabs for fy 2014 15 education cess of 3% surcharge of 10% 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 income tax slab tax up to rs. However, in case of a nonresident individual the tax rates will be same irrespective of his age. 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. Government of india has increased the basic personal income tax exemption limit from rs. 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. Incometax slab rates for individual for fy 201415 ay 201516. Tds rate chart fy 201415 ay 201516 due date of tds payment etds return filing tcs tax collection at source rates fy 201415read more details by tax collection at source tcs rates for f. 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.

Latest income tax slabs and rates for fy 201516 and ay. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Income tax rates financial year 2014 incometax slabs. Economic situation economic growth rate is estimated to be 5. Important points to know while filing itr this year.