Slab rates for ay 2014 15 pdf file

Incometax slab rates for individual for fy 201516 ay 201617 tax expert. For senior citizens age 60 years or more but less than 80 years. You can complete filing your incometax return in just 15 minutes using the website or the. Rates of incometax fy 2014 ay 201415 as per finance act, 20 as per the finance act, 20, incometax is required to be deducted under section 192 of the act from income chargeable under the head salaries for the financial year 2014 i. 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. Incometax slab rates for individual for fy 201617 ay. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Click here to see the income tax slab rates for fy 2014 or ay 201415. But the tax slabs have not been changed for the last few years. As there was no change in income tax slabs for fy 201516 i.

Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax rates for assessment year 20152016 previous year 201415. Incometax slab rates for individual for fy 201415 ay 201516. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Income tax slab rates 201819 pdf download ay 201920. The normal tax rates applicable to a resident individual will depend on the age of the individual. Having pan card makes it compulsory to file returns.

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. I have not added section 194da in the table below since it is not yet passed. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. Income tax slab for filing tax return on income in india. 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. The exemption limit for income tax has also increased more than 10 times from rs. Arun jaitley, 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 thursday, july 10, 2014 in new delhi. Income tax slab rates for ay 2017 18 internet archive.

The more a taxpayer earns the more he should pay is the basic principle of charging income tax. 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. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2014 to march 31, 2015. In the middle income tax slab, the tax outgo increases by rs 1,125, and there is a nominal increase in the tax liability of rs 125 for lowest income tax slab. Fy 201415 note the new government has presented the budget for ay 201516 on 10.

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 201617 ay 201718 mitra 1. Government of india income tax slab rates for ay 20152016. 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 2014. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30.

Please click the link below to get the access of the same. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Detailed answer for question what is slab rates ay 201415. Income tax slab rates for ay 20142015 and financial year 2014 income tax slabs and rates are changed almost every year. Even the lowest tax rate has gone down from 20% to 5%. Incometax slab rates for individualhuf for fy 201819 ay 201920. It offers special privileges for women professional tax payers.

Income tax slab rates for ay 20142015 and fy 202014. You can complete filing your incometax return in just 15 minutes using the website or the mobile app. In the following post, we see the rates which are applicable for different entities. We have provided the latest income tax slabs for financial year 2014 or assessment year 201415 almost the slabs and rates for income tax 2014 are similar to previous year i. Download pdf files for form 15g, form 15h, form 60, form 61. Hdfc life provides the latest income tax slab rates and deductions in india for tax. Proposed tax slab for financial year 14 assessment year 1415. Important points to know while filing itr this year. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. The basic exemption limit has been increased from rs 2 lakh to rs. 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. Every year the income tax rates are changed and it is important to get the latest income tax rates. Tds rate chart for fy 201415 201516 ay 201516 201617 after budget 2015 2014 changes.

Tax slabs, itr forms april 20, 2014 by bemoneyaware 44 comments income tax slabs,rates,forms for assessment year 201415, or financial year fy 2014, applicable on income earned during 01. Income tax slab rates for non individuals companies. Section 192 193 194 194a 194b 194bb 194c 194d 194da 194e 194ee 194f 194g 194h 194i 194ia 194j 194la 194lb 194lba 194lc. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in. Wednesday, december 3, 2014 home accounting ca commerce knowledge finance icai income tax indian accounting tan tcs tds income tax slab rates, deductions and exemptions for financial year 201415 assessment year 1516. Based on the annual income earned by an individual, the following table. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Today i have gone to income tax department to file the return financial year 201415assessment year 201516, whereas the income tax officer has told me to pay penalty. Maharashtra professional tax slab rate, latest news. In the case of firms, the rate of incometax has been specified in paragraph c of part iii of the first schedule to the bill. Incometax slab rates for individual for fy 201516 ay. Download income tax calculator for fy 201415 ay 201516. Superrich individuals with an annual taxable income of over rs 1 crore have to pay surcharge of 15 per cent.

Here we can know the information about the income tax slab rates for 201718. As they are notified every year through the finance act, slab rates are subject to periodic change. Income tax at a glance among direct taxes, income tax is the main source of revenue. The last time slab rates underwent a change was in fy 201415 when the minimum exemption limit was increased to rs. Income tax is imposed on the basis of ability to pay. Income tax calculation sheet fy 201415, ay 201516 archive confusion on income tax tds calculations for fy 2012 archive. Income tax slab rates, deductions and exemptions for. Income tax slab rates for 201415 resolved caclubindia. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Income tax slab rates for ay 201617 fy 201516 ndtv. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty lakh rupees but does not exceed one crore rupees. For normal category the simple calculation is as follows.

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. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. Income tax slabs income tax rates fy 201415 av 201516. 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. Income tax slabs income tax rates fy 2014 av 201415. Income tax slabs and rates for fy 202021 bankbazaar. Income tax rates 20142015 for filing individual tax returns. Calculate your income tax liability, use our excel based income tax calculator.

Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Taxable income in 10% slab maximum tax will be rs 32000. Incometax slab rates for individual for fy 201516 ay 201617. Income tax slab rates for 2014 and 201415 by shankar bose inspector of incometax mstu, puri slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.