Income tax offices locator disclaimer download report phishing rti ombudsman childrens corner website policies useful links subscribe e. In the following sections we will discuss the income tax rates for fy 20182019 ay 20192020. Now my total income is rs 591684 including the arrears. The rates of incometax as applicable for assessment year 201516 for the following category is given below.
Nil 10% 20% 30% 1a individual senior citizens age 60 years to 79 years nil 10% 20% 30% 1b individual super senior citizens age 80 years and above nil 20% 30% plus. Incometax slab rates for individual for fy 201516 ay 2016. 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. In the following sections we will discuss the income tax rates for fy 20182019 ay 20192020 and some other key features of income tax in india.
Simple tax calculator for the use of salaried employees of govt and private sector, basis the latest budget changes. This downloadable income tax calculator, calculate tax on your income for for financial year 201415 assessment year ay 201516 automatically without any hassle. Steps to file your indian incometax return quickly with. The rates of income tax as applicable for assessment year 201516 for the following category is given below. 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.
Tds from salary during financial year 2014 pdf download. Income tax slab for 2014 and 201415 linkedin slideshare. Fy 2014 15 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Download income tax calculator fy 201415 ay 201516 taxguru. Union budget 2014 has amended the basic income tax slabs for financial year 2014 15, however there is no change in the income tax rates, surcharge and cess. Particulars tax rates 1 individual male and female. Tax slabs for financial year 201415 or assessment year 201516. Given below are the various tables for the latest income tax slabs for the fy 20202021. For individuals, hufs and firms other than llp being a resident having total income upto rs. Full amount of employers contribution to nps is tax free, which will be added to income and deducted us 80ccd2.
Here are the slabs for the income tax for the income incurring in fy 202014. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 2014 15 are given below. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. New income tax slab for fy 2014 ay 2014 15 for resident senior citizens 60 years. Income tax calculator for salaried persons fy 201415. Tds calculation sheet in excel and slabs for fy 2014 and. The basic tax scale and marginal rates for the 201415 financial year have been in place for three financial years. Incometax slab rates for individual for fy 201516 ay 201617. Employees who are not getting house rent allowance can claim deduction towards rent payment us 80gg. How to save tax for fy 201415 authorstream presentation. However, this benefit of rs2,000 tax credit will not be available if you cross the income range of rs 5 lakh. Individual income tax rates australian taxation office. Incometax slab rates for individual for fy 201415 ay.
Assessment year 2014 2015, financial year 20 2014, income tax slabs, latest income tax slabs posted by sahilkakwani income tax subscribe to rss feed 12 comments on income tax slabs for fy 20 2014. Dear member, the information regarding it for fy 201415 is wrong. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 2014 15. Nov 18, 2011 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. Tax rate is 29% if turnover or gross receipt of the company doesnt exceed rs. Almost the slabs and rates for income tax 2014 are similar to previous year i. The basic exemption limit has been increased from rs 2 lakh to rs. Income tax slab from assessment year 20012002 to a.
Keeping this in mind i have prepared a 43 slides presentation covering all sections under which you can save tax for this financial year fy 2014 ay 201415. My next question is that how should be calculated the income. Income tax is imposed on the basis of ability to pay. Last 25 years income tax rates linkedin slideshare. For senior citizens age 60 years or more but less than 80 years. Click here to see the income tax slab rates for fy 2014 or ay 201415. Income tax amendment for the assessment year 201415. Income tax slabs and rates for fy 202021 bankbazaar. This is the new chapter introduced in income tax rule as per finance act, 20 section 87a of the income tax act, 1961. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are. Income tax manual part 1 the income tax ordinance, 1984 xxxvi of 1984 as amended up to july, 2014 i contents sections page long title 1 preamble 1 chapter 1 preliminay 1.
Apr 09, 2018 the central board of direct taxes cbdt has notified the income tax returns itr for financial year 2014 15 assessment year 201516. The new itr forms have been released by cbdt for fy 201415 income tax returns filing. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. 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. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Fy 201415 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Income tax calculator for fy 201415 download the income tax calculator for fy 201415 or ay 201516. Income tax calculator utility is helpful for bankers especially which included all the forms in one i. Income tax rates for assessment year 199293 income slab rs. 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. If you are under the age of 18, and receive unearned income for example. The new itr forms have been released by cbdt for fy 2014 15 income tax returns filing. The new and revised income tax slabs and rates applicable for the financial year fy 2014 and assessment year ay 201415 are mentioned below. Calculation of taxable income capital gains charitable trusts corporate taxes efiling of income tax returns esops fbt filing income tax returns forms download house property tax how to apply for pan card how.
Jul 12, 2014 download income tax calculator fy 2014 15 ay 201516. Income tax slab rates for year 2014, income tax rates for year 2012, income tax rates for 1011,1112,12,1415, income tax rates for individual, income tax rates for salaried persons, income tax rates for company. 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. Income tax rates 20142015 for filing individual tax returns. Income tax slab for financial year 201415 mytaxcafe.
Download income tax calculator for salaried persons fy 201415. Income tax rates for financial year 201617 relevant to assessment year 201718 sr. The basic tax scale and marginal rates for the 2014 15 financial year have been in place for three financial years. The above rates include changes implementing changes announced in the 201819 federal budget. Jul 10, 2014 in this post i restrict my subject towards new tax slabs for fy 2014 15. You can generated the following statement through this utility.
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 commissioner of income tax, odisha, bhubaneswar 2. Tds calculation sheet in excel and slabs for fy 2014. Tax slabs for financial year 2014 15 or assessment year 201516. This income tax calculator is created through excel utility with latest income tax slabs.
Download income tax calculator fy 201415 ay 201516. 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 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 slab rates for individual for fy 2014 15 ay 201516. Income tax slab rates 201819 pdf download ay 201920. Income tax manual part 1 national board of revenue. Income tax slabs for financial year 201415 mytaxcafe. Income tax slab rates specify the threshold annual income limits at which a higher or lower rate of tax is applicable. Rate of income tax for individual a slab rate assessment year 201415. Apr 18, 20 income tax slab rates for 2014 and 2014 15 by shankar bose inspector of income tax mstu, puri slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. 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.
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. Incometax slab rates for individual for fy 201415 ay 2015. Dec 03, 2014 income tax rate chart for ay 201516 fy 2014 15. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Net income range incometax rates health and education cess up to rs.
Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Apr 26, 2014 sec 80ee unavailed tax benefit of fy 202014 can be carry forwarded to fy 20142015. Subordination and control of income tax authorities. 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. Highlights of change in direct taxes in the union budget 20 1. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Income tax at a glance among direct taxes, income tax is the main source of revenue. Rate of income tax for individual a slab rate assessment year 2014 15. Download pdf files for form 15g, form 15h, form 60, form 61. My next question is that how should be calculated the income tax for current year. Income tax slab rates for ay 20142015 and fy 202014. The focus of presentation is to give you a quick, simple yet exhaustive list of tax saving sections options and respective investments. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Latest income tax slabs and rates for fy 201516 and ay 201617.
Ca sandeep kanoi income tax rate chart income tax slabs as. The budget 2014 has changed the income tax slab rates slightly as compared to the income tax rates of financial year 2014. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Apr 14, 2020 income tax slabs ay 2014 15 fy 2014 income tax slabs ay 201516 fy 2014 15 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 slab tells the tax rate at which you have to pay tax on income. 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. Apr 19, 2019 income tax slab for financial year 2014 ay 2014 15 finance minister p chidambaram presented the union budget on 28th february, 20.
My question is that this arrear should not be added in previous year. Latest income tax slabs for fy 20142015 calculate your tax based on the tax slabs for year 20142015. Net income range income tax rates health and education cess up to rs. This downloadable income tax calculator, calculate tax on your income for for financial year 2014 15 assessment year ay 201516 automatically without any hassle. Income tax slab rates for individualhuf for fy 201415. 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.
In the following post, we see the rates which are applicable for different entities. Please note that the income of financial year 2014 15 is taxable at the tax rate applicable for assessment year 201516. In this post i restrict my subject towards new tax slabs for fy 201415. This income tax calculator is created through excel utility with latest income tax slabs income tax calculator utility is helpful for bankers especially which included all the forms in one i. Download income tax calculator for fy 201415 ay 201516. Income tax rates slab for assessment year 2014 15 previous year 2014 rates %age. Detailed split for general, women, senior citizen etc are provided. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 201415. 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. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Log on to efiling portal at if you are not registered with the efiling portal, use the. Surcharge 12% of the incometax if taxable income exceeds rs 10 crore. Assessment year 2014 2015, assessment year 20152016, income tax slabs, latest income tax slabs posted by sahilkakwani income tax subscribe to rss feed 12 comments on income tax slabs for fy 2014 2015. Tax rebate of rs 2,000 for incomes up to rs 5 lakh.
463 1126 806 428 768 425 748 113 395 1384 467 208 254 449 255 204 569 296 721 899 1217 1400 618 941 1517 555 192 474 1421 713 1333 1307 819 562 1451