Government of india income tax slab rates for ay 202014. Normal rates of tax applicable to all individualshuf who are less than 60 years of age. Detailed article on the income tax slabs for fy 2014 and ay 201415. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Income tax slab rates for financial year 2014 assessment. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 2014 15 are given below. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000surcharge.
Download income tax calculator for free for previous year 2014 2015. Get income tax slab rates for ay 201819 here for individuals, senior citizens, hufaopboi, partnership firms, local authority, etc. Income tax slab rates 202021 pdf download ay 202021. Income tax slab rates 201819 pdf download ay 201920. Apr 20, 2014 this article gave overview of income tax for ay 2014 15. Income tax slab for fy 202021 pdf download income tax. Income tax slabs and rates for fy 202021 last updated. Income tax slabs and rates for fy 202021 bankbazaar. 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. Download income tax calculator for fy 201415 ay 201516. In the following post, we see the rates which are applicable for different entities. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a.
Calculation of tds on salary for fy 2014 ay 201415. Education cess of 3% is also applicable to income tax computed as per above slab. Please note that the income of financial year 2014 15 is taxable at the tax rate applicable for assessment year 201516. Assessment year 2014 15, relevant to financial year 2014. Income tax income tax rates ay 201415 fy 20 referencer. Income tax rates for fy financial year 2014 ay assessment year 2014 15,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below.
Income tax amendment for the assessment year 201415. The age of the individual is the factor to divide the slab rates in the income tax table. Income tax slab tells the tax rate at which you have to pay tax on income. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. 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. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old.
You must check out the difference between the 1992 i. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Income tax slab rates for financial year 201516 assessment year201617 resident super senior citizen who is 80 years or more at any time during the previous year. Government of india income tax slab rates for ay 20142015. Income tax slabs for financial year 201415 mytaxcafe. 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. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. For individuals below 60 years age including woman assessees.
The tax rates discussed in this part are applicable for assessment year 202021 i. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Highlights of change in direct taxes in the union budget 20 1. In case of individual other than ii, iii and iv below and huf. Please click here for latest personal income tax rates income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Feb 14, 2020 income tax slab rates for ay 2014 15 fy 2014 resident individuals aged less than 60 years male or female income range tax rate. Oct 14, 2019 the new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2012 to march 31, 20.
Income tax slab for financial year 201415 mytaxcafe. 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. 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. Income tax calculation sheet fy 201415, ay 201516 archive 7 replies 1 files 1 participants. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi. 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. Incometax slab rates for individual for fy 201516 ay 2016. Income tax slab rates for financial year 201516 assessment. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021 income tax slab rates help you decide whether your income is taxable or not.
Rates of income tax for fy 2014 15 ay 201516 as per the finance no. As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. Income tax slab rates specify the threshold annual income limits at which a higher or lower rate of tax is applicable. Income tax slabs income tax rates fy 2014 av 201415. Income tax slab rates for individualhuf for fy 201415. Fy 2014 15 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Rate of income tax for individual a slab rate assessment year 201415. Here we present to you all income tax slab rates india for past 25 years. Income tax slab for financial year 201415 posted on. The age groups are up to age 60, age 60 to 80 and above age 80. Select, 202021, 201920, 201819, 201718, 201617, 201516, 201415. 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. New income tax slabs for ay 1415 for resident senior citizens above 60 years.
The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in. Even if you get your returns filed by your chartered account, other party please make sure you understand what has been filled in, if something is left out. Government of india income tax slab rates for ay 20152016. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Jul 11, 2014 income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 2014 15 for individual, huf, aop, boi, partnership firms, llp and companies. Income tax rates 20142015 for filing individual tax returns. Income tax slab for filing tax return on income in india. Pranab mukherjee, 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 friday, march 16, 2012 in new delhi. New income tax slab for fy 2014 ay 2014 15 for resident senior citizens 60 years. Income tax calculator for fy 2014 15 ay 201516 351.
The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. The basic exemption limit has been increased from rs 2 lakh to rs. Surcharge and education cess see note income tax slab rates 201819 pdf download. Income tax ratesslab for assessment year 201718 previous year 201617 income tax rates for financial year 201415 and 20152016 are same, there is.
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