Apr 14, 2020 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 2010 11 fy 200910 resident male individuals aged less than 65 years. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Aug 11, 2011 income tax rates slabs ay 2010 11 individual huf boi aop the rates for assessment year 2010 11 is given in the table below. Anybody can help regarding new tax slab rates like income tax, tds, professional tax etc. Apr 22, 20 the slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 11 12 ay 2012.
For individuals, hufs and firms other than llp being a resident having total income upto rs. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Incometax slab rates for individual for fy 201516 ay. Income tax slab for individual fy 2010 11 slideshare. Feb 27, 2010 new income tax slab proposed in budget 2010 11 and its impact on male individual, female individual, huf and senior citizen. To help you, here are quick links to the latest itr forms for this years filing fy 201011, ay 201112. Latest income tax slab rates for your quick reference. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income upto rs. The interim budget for fy 201920 has introduced full tax rebate under section 87a for individuals earning a net taxable income upto rs. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. New income tax slabs for 201011, 201112, update 2012. New india income tax slab for fy201011 for individual. New income slab for individual income slab tax income slab tax income upto rs 1,60,000.
Given below are the various tables for the latest income tax slabs for the fy 20202021. Select, 202122, 202021, 201920, 201819, 201718, 201617, 201516. Quick links to download printable income tax return forms for the assessment year 201112 in pdf format. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Year 2010 2011 this income tax slab table can be used as a ready reference in calculating your income tax for year 2010 11. New income tax slab for fy201011 central government. To help you, here are quick links to the latest itr forms for. Download form 16 in excel format for ay 202021 fy 201920 download form 16 in excel format for ay 201920 fy 201819 budget 2020 was released by the central government and introduced new income tax slab rates, but the salary holders can choose either old income tax slab system or new slab system as per their choice. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. 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. Income tax rates slab for assesment year rate % 201112 f y 2010 11 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. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. Net income range incometax rates health and education cess up to rs.
Income tax slab for ay 202021 pdf download central. 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. Net income range income tax rates health and education cess up to rs. 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%. Apr 10, 2018 income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released.
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. Rs 12,500 or 100% of income tax whichever is lower for individuals with income below rs 5 lakhs. Aug 11, 2011 income tax rate slab ay 201112 1011 0910 0607 0809 0708 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. Heres how the income tax slabs, surcharges and deduction limits have changed over the past nine years 200910 basic exemption limit raised to rs 1. Latest income tax slabs for fy 20112012 here are the latest slabs for the income tax for the income incurring in fy20112012. Income tax slabs income tax rates fy 201112 av 2012. India income tax slabs 20102011 for general tax payers.
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. Download income tax return forms for assessment year 2011. Form 16 in excel format for ay 202021 free download. For normal category the simple calculation is as follows. 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. Under section 87a of the income tax act, taxpayers with income up to. Incometax slab rates for individual for fy 201617 ay 2017. Income tax rates chart for individuals, hufs, association of persons, body of individuals for a. Professional tax slab for tamil nadu jpg download archive.
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. Download latest income tax return itr forms for fy 201011. 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. If you continue browsing the site, you agree to the use of cookies on this website. New income tax slab proposed in budget 2010 11 and its impact on male individual, female individual, huf and senior citizen. Jan 29, 2018 heres how the income tax slabs, surcharges and deduction limits have changed over the past nine years 200910 basic exemption limit raised to rs 1. 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.
New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Apr 09, 2010 new india income tax slab for fy 2010 11 for individual. Mar 03, 2020 download form 16 in excel format for ay 201920 fy 201819 budget 2020 was released by the central government and introduced new income tax slab rates, but the salary holders can choose either old income tax slab system or new slab system as per their choice. 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.
Further, in the fy 201112 ay 2012 men assessees will also get additional basic exemption limit of rs. Mat credit to be carried forward for set off for ten years from assessment year 2010 11. Mar 03, 2018 in addition to the above, a tax credit of rs. Incometax slab rates for individual for fy 201516 ay 2016. Download tax rates financial year 201011 relevant to assessment. For senior citizens age 60 years or more but less than 80 years. The highest tax slab has now been raised from rs 5 lakh to rs 8 lakh.
Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Download latest income tax return itr forms for fy 2010. Dont worry, ill be a techie only update 2 feb 28, 2011 income tax exemption limit for individuals raised from rs 1. Incometax slab rates for individual for fy 201617 ay. Dec 02, 2010 1 the advance tax paid by the assessee on his current income on or before the 15th day of september is less than 30% of the tax due on the returned income or the amount of such advance tax paid on or before the 15th day of december is less than 60% of the tax due on the returned income, then, the assessee shall be liable to pay simple interest. Income tax slab new income tax slab for fy 2010 11. Ay 202021 fy 201920 vote on account income tax october 18, 2018 guide to standard deduction deductions september 22, 2018 number of days work to buy an iphonex others. Mat credit to be carried forward for set off for ten years from assessment year 201011. Income tax slab rates specify the threshold annual income limits at which a higher or lower rate of tax is applicable.
Log on to efiling portal at if you are not registered with the efiling portal, use the. Apr 23, 2010 23 april 2010 income tax slabs for individual taxpayers to be as follows current proposed income upto rs 1. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Highest tax rate including surcharge has come down from 56% in fy 199091 to 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. Year 20102011 this income tax slab table can be used as a ready reference in calculating your income tax for year 201011.
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. Even the lowest tax rate has gone down from 20% to 5%. India income tax slabs 2010 2011 for general tax payers. Income tax slab rates fy 202021ay 202021 aegon life. Tax slab for fy 2010 11 ay 201112 particulars slab tax rate women assesses up to 1,90,000 nil. Income tax in india is structured to be progressive. It divides a taxpayers income into different parts and taxes them differently. In the following sections we will discuss the income tax rates for fy 20182019 ay 20192020. Income tax rates for fy financial year 201112 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories. The exemption limit for income tax has also increased more than 10 times from rs.
In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. New income tax slab for fy 201011 central government. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Income tax is one thing which every salaried man on the street is interested in. For individuals, huf, association of persons aop and body of individuals boi. Income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. If you want to continue this discussion or have a follow up question, please post it on the network. How your income tax has changed over the last 9 years. Taxable income in 10% slab maximum tax will be rs 32000. 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 last 25 years in india 199293. 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.
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