Income tax slab for fy 11-12 pdf download

New optional basic income tax exemption slabtax rates. Income tax rates income tax slabs for assessment year. Professional tax rate for 201112 in maharashtra resolved. 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. The above income tax rates are for general category men women who are below 60 years of age.

Income tax rates and slabs in india for ay 201920 youtube. 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. Add surcharge surcharge is 10% of incometax rebate us 88e is not available w. In the following sections we will discuss the income tax rates for fy 20182019. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 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. 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. 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. Income tax in india is structured to be progressive. It divides a taxpayers income into different parts and taxes them differently. Download excel based income tax calculator for fy 202021 ay 202122 incorporating new and existing tax regimeslabs. Information relates to the law prevailing in the year of publication as indicated.

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. We have attached herewith income tax calculator for assessment year 201011, 201112 and 2012. The amount of income tax 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 individuals, huf, association of persons aop and body of individuals boi. 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. 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. 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. Quick links to download printable income tax return forms for the assessment year 201112 in pdf format. 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. 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. Click here to save tax with hdfc lifes various online insurance products. Income tax rate chart slabs for assessment year 201112 and earlier years.

The basic exemption limit has been increased from rs 2 lakh to rs. In order to gain tax benefits to the fullest, it is essential to understand the current income tax slab rates. 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. Please guide me whether the amount of rs 91,325 is again to be clubbed with my income for fy 201415. 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. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. If you want to continue this discussion or have a follow up question, please post it on the network. Is video me hum income tax slab rate for fy 1819 ki bat krenge jo ki budget 2018 me laya gya hai. Excel challan itns 280 fy 202021 ay 202122 with database facility. The income tax for senior citizens is calculated based on the basic salary, house rent allowance, fixed allowances, and.

Income tax calculator calculate income tax for fy 20202021. Income tax ratesslabs for financial year 201112 assessment year. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. 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 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%. Taxable income in 10% slab maximum tax will be rs 32000. So download the charts for link given below or you can read the. Check the latest income tax slabs, tax rate for fy 202021.

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. 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. This line is wrote on your site is it correct or not. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. Incometax slab rates for individual for fy 201516 ay. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction. Income tax department deduction under section 80u income tax department tax tools deduction under section 80u advisory. Income tax slab rates fy 202021ay 202021 aegon life. 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. In this post i restrict my subject towards new tax slabs for fy 201415. Viewers are advised to ascertain the correct positionprevailing law. 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. This interest i have clubbed with my income and paid income tax accordingly. The income tax calculator also gives you investment options that suit your financial portfolio, their benefits, and their tax.

Under new tax regime, whether perquisites is to be. Rs 12,500 or 100% of income tax whichever is lower for individuals with income below rs 5 lakhs. Tax slabs for financial year 201415 or assessment year 201516. Ay is assessment year latest income tax rates for fy 201516. Income tax rates tax slab for fy 20152016 ay 20162017. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Latest income tax slab rates for fy 201819 hdfc life.

Net income range income tax rates health and education cess up to rs. Income tax calculation for senior citizens fy 202021. Log on to efiling portal at if you are not registered with the efiling portal, use the register. Anybody can help regarding new tax slab rates like income tax, tds, professional tax etc. Income tax slab rates 201920 pdf download ay 202021. Select, 202122, 202021, 201920, 201819, 201718, 201617, 201516. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups. The new itr forms have been released by cbdt for fy 201415 income tax returns filing. For normal category the simple calculation is as follows. Download income tax calculator for salaried person fy 201112. Income tax rates slabs for the financial year 20112012 a. As banks are deducting 10% tds on all interest income over rs.

Income tax slab rates 202021 pdf download ay 202021. Applicable to individual male below the age of 60 years. 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. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. New optional basic income tax exemption slab and reduced tax rates announced in budget 202021 for ay 202122 fy 202021. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows.

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. 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. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Download income tax return forms for assessment year 201112. If the tax proposals are passed, then these new tax slabs will be applicable from 1st april 2020 to 31st march 2021. Calculate taxable income, income tax, cess, surcharge, marginal relief. Several websites offer income tax calculators in an excel sheet format which can be downloaded. Other deduction from income under income tax fy 1112. 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. 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 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Income tax calculator for fy 202021 ay 202122 excel. 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.