Income tax slabs income tax rates fy 201112 av 2012. Latest income tax slabs and rates for fy 2012 and as. Individual resident or nonresident, who is of the age of less than 60 years on the last day of the relevant previous year. Income tax department has issued a circular about tds on salary and all the aspects of income tax on salary, different circulars and notifications, forms, deduction on salary etc.
Income tax rates for the assessment year 20102011 tax. Income tax slabs and rates for fy 202021 bankbazaar. Assessment year 2011 12, relevant to financial year 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. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets.
The tax rates discussed in this part are applicable for assessment year 202021 i. Here is the ready reckoner of inomce tax slabs for the financial year 2014 which will help you while filing tax. Income tax slabs for assessment year 2014 financial. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Add surcharge surcharge is 10% of income tax rebate us 88e is not available w. Given below are the various tables for the latest income tax slabs for the fy 20202021.
Use our free income tax calculator for getting an idea of how much tax you will. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax rates for assessment year 201112 resident senior citizens above. In case of individual other than ii, iii and iv below and huf. 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 2014.
Looking for the income tax slabs and rates for the financial year 201011 or assessment year 2011 12. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. The amount of rebate is 100 per cent of income tax or rs. Currently we have listed slab rates from assessment year 199293 to 2014. Have a look at the past 25 years income tax slab rates for individuals in india.
What is income tax, income tax slab for fy 201718, e. Income tax slab tells the tax rate at which you have to pay tax on income. Income tax slab for financial year 201415 mytaxcafe. Indian tax guide an initiation to get general public. Income tax rates income tax slabs for ay 2012 individuals and hufs. Income tax slab rates for last 25 years in india 199293. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too.
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. An initiation to get general public aware about income tax in india and also help people to satisfy their queries. The highest tax slab has now been raised from rs 5 lakh to rs 8 lakh. The basic exemption limit has been increased from rs 2 lakh to rs. Nonresident individualhuf net income range income tax rates health and education cess up to rs. Income tax slabs for assessment year 2014 financial year 201220 india income tax slabs for. For individuals, huf, association of persons aop and body of individuals boi. It is deductible from income tax before calculating education cess. 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. 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.
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. Income tax slab for financial year 201415 posted on. Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 2011 12 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. Super senior citizens whose age is 80 years and above. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. If you have paid any extra amount of tax, then that gets refunded back to the taxpayers account from the departments end. Income tax slabsrates for fy 201718 and useful income tax deductions. Long term capital gains a on equity shares and units. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. India income tax slabs for assessment year 201112 financial year 20102011 general tax payers. Income tax rates for financial year 2012 and ay 2014.
I want to know the tax liability of an individual for ay 201112 in case that he was resident of india till may 2010 and then settled in another country and earns income there. Latest income tax slabsrates for fy 201718, ay 201819. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax brackets in india, income tax slabs, latest income tax slabs. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. For individuals below 65 years age, other than woman assessees. Click here to save tax with hdfc lifes various online insurance products. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Income tax slabs for financial year 2014 goodreturns. The amount of incometax and surcharge shall be further increased by education cess of 3% on incometax plus surcharge. Tax rate for ay 201112 on income, dividend, wealth, mat.
Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. For resident woman who is below 65 years of age at any time during the previous year. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. Taxable income in 10% slab maximum tax will be rs 32000. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Tax rates as applicable for different persons for the a.
Latest income tax slab rates fy 201819 ay 201920 there are three categories of individuals based on the age of taxpayer. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and information. Income tax slab rate for ay 202122 for individuals opting for old tax regime. Income tax rates for fy financial year 201112 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Long term capital gain arising on transfer of equity shares in a recognized stock exchange in india or units of an equity oriented mutual fund if 65% of total proceeds of the fund are invested in equity shares, and on which securities transaction tax is chargeable. Special rates long term capital gains a on equity shares and units. Senior citizens whose age is 60 years and above but less than 80 years. Income tax slab rates for domestic companies assessment years 200102 200203 200304 200405 200506 200607 200708 200809 200910 tax rate cess total note.
The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 20112012. Past 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415. For normal category the simple calculation is as follows. Net income range income tax rates surcharge education cess upto rs.
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