Income tax slab rates 201920 pdf download ay 202021. 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. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Now in fy 201415 ay 201516 she has reinvested the entire amount principal plus interest in same bank fd and again got interest income of approx rs 91,325. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. Viewers are advised to ascertain the correct positionprevailing law. Income tax slab rates 202021 pdf download ay 202021. Itns 280 this excel challan 280 for payment of income tax should be used for making payment of income tax on companies corporation tax or income tax other than companies. The income tax calculator will compute your tax on the basis of your annual income, applicable tax slab and the claims for which you are eligible for tax deduction under section 80c and 80d of income tax act, 1961. This line is wrote on your site is it correct or not. For individuals, huf, association of persons aop and body of individuals boi. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. Other deduction from income under income tax fy 1112.
Income tax rates tax slab for fy 20152016 ay 20162017. So download the charts for link given below or you can read the. Net income range income tax rates health and education cess up to rs. Income tax rate chart slabs for assessment year 201112 and earlier years. 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 rates slabs for the financial year 20112012 a. Under new tax regime, whether perquisites is to be. If the tax proposals are passed, then these new tax slabs will be applicable from 1st april 2020 to 31st march 2021. Applicable to individual male below the age of 60 years. Tax slabs for financial year 201415 or assessment year 201516. In order to provide significant relief to the individual taxpayers and to simplify the incometax law, the union budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers.
Several websites offer income tax calculators in an excel sheet format which can be downloaded. Quick links to download printable income tax return forms for the assessment year 201112 in pdf format. We have attached herewith income tax calculator for assessment year 201011, 201112 and 2012. Download income tax return forms for assessment year 201112. Here a user can find latest articles and post related to finance and tax professional of india, and can also seek answers to questions through out q and a. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. In order to gain tax benefits to the fullest, it is essential to understand the current income tax slab rates. As banks are deducting 10% tds on all interest income over rs. The income tax calculator also gives you investment options that suit your financial portfolio, their benefits, and their tax.
Download income tax calculator for salaried person fy 201112. Information relates to the law prevailing in the year of publication as indicated. Excel challan itns 280 fy 202021 ay 202122 with database facility. New optional basic income tax exemption slab and reduced tax rates announced in budget 202021 for ay 202122 fy 202021. Anybody can help regarding new tax slab rates like income tax, tds, professional tax etc.
Income tax in india is structured to be progressive. Select, 202122, 202021, 201920, 201819, 201718, 201617, 201516. 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 is assessment year latest income tax rates for fy 201516. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. New optional basic income tax exemption slabtax rates. Income tax slab rates fy 202021ay 202021 aegon life. Every year the income tax rates are changed by the government and every year government charged tax on the new tax slab or on the latest tax slabs. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. This interest i have clubbed with my income and paid income tax accordingly.
The new itr forms have been released by cbdt for fy 201415 income tax returns filing. 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. Tds rate chart 1112 fy tds rate 12 ay tcs rates due dates deposit,return tds rates for financial year 201112 and assessment year 201212 is given in the tds rate chart 12. Incometax slab rates for individual for fy 201516 ay.
These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. Income tax rates and slabs in india for ay 201920 youtube. Income tax slabs for partnership firms there is a flat tax rate for partnership firms and llps limited liability partnerships and they are to pay income tax at the rate of 30%. 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. 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. The income tax for senior citizens is calculated based on the basic salary, house rent allowance, fixed allowances, and.
In this post i restrict my subject towards new tax slabs for fy 201415. Income tax ratesslab 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. Income tax ratesslabs for financial year 201112 assessment year. 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 calculator for fy 202021 ay 202122 excel. Income tax department deduction under section 80u income tax department tax tools deduction under section 80u advisory. At hdfc life, we ensure that our customers are wellinformed about the latest income tax slab rates in india as well as the tax benefits relevant to life insurance policies for the financial year 201819. Check the latest income tax slabs, tax rate for fy 202021. For normal category the simple calculation is as follows. Log on to efiling portal at if you are not registered with the efiling portal, use the register. Calculate taxable income, income tax, cess, surcharge, marginal relief. Is video me hum income tax slab rate for fy 1819 ki bat krenge jo ki budget 2018 me laya gya hai. The income tax slab for hindu undivided family huf is the same as the tax slabs for individuals under the age of 60 years in the year 2019 2020.
The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge at the rate of 5% of such income tax, provided that the total income exceeds rs. Professional tax rate for 201112 in maharashtra resolved. 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. In case you wish to continue claiming your tax deductions and exemptions, then you can stick with the old tax slabs structure as per the existing fy 201920 income tax slab rates. In the following sections we will discuss the income tax rates for fy 20182019. Click here to save tax with hdfc lifes various online insurance products. Income tax calculation for senior citizens fy 202021. It divides a taxpayers income into different parts and taxes them differently. The income tax rates and slabs applicable for the financial year 2014 are same as it was during financial year 2012, except the two major changes which was given below.
Download new income tax slabs new salary slabs and rate of tax on salary slabs according to section 9 of the income tax ordinance, 2001, the taxable income of a person for a tax year shall be the total income of the person for the year reduced but not below zero by the total of any deductible allowances of this chapter of the person for the year. Taxable income in 10% slab maximum tax will be rs 32000. Income tax rates income tax slabs for assessment year. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Please guide me whether the amount of rs 91,325 is again to be clubbed with my income for fy 201415. Latest income tax slab rates for fy 201819 hdfc life. The basic exemption limit has been increased from rs 2 lakh to rs. Add surcharge surcharge is 10% of incometax rebate us 88e is not available w. Income tax calculator calculate income tax for fy 20202021. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. 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.