Income tax slab from assessment year 20012002 to a. So partnership firm is taxes under the income tax slab for partnership firm and partners are taxes under the income tax slab for individuals. In this post i restrict my subject towards new tax slabs for fy 201415. A site for online free income tax, ppf, ssy and other userfriendly calculators, forms in excel fillable pdf, tax information and utilities. Here is the ready reckoner of tax slabs for the financial year 2014 which. Latest income tax slabs and rates for fy 2012 and as 2012. Also download the itr1 in pdf format for physical filing with income tax department. 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 slab rates for last 25 years in india 199293.
Income tax slab rates for financial year 2014 assessment year201415. Click here to see the income tax slab rates for fy 2014 or ay 201415. The following are the revised tax rates for individuals and business. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Incometax slab rates for individual for fy 201516 ay 201617 tax expert. Incometax slab rates for individual for fy 201415 ay. It is deductible from income tax before calculating education cess. The table below shows the summary of tax slabs for fy 2014. Fill up the relevant details to know your tax liability for fy 2014 income tax slabs for fy 20 14 education cess of 3% surcharge of 10% on rs 1 crore plus income earners tax credit of rs 2,000 for.
Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. Tax slabs for financial year 201415 or assessment year 201516. Calculate taxable income, income tax, cess, surcharge and. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of.
The amount of rebate is 100 per cent of incometax or rs. Incometax slab rates for individual for fy 201415 ay 201516. Given below are the various tables for the latest income tax slabs for the fy 20202021. Income tax slab for individuals, senior citizens, hufaop, etc. Click here to save tax with hdfc lifes various online insurance products. Latest income tax slabs and rates for fy 2012 and as. Looking for the income tax slabs and rates for the financial year 2014 or assessment year 201415. 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. Major changes in income tax returns fy 20 14 or ay 201415 by ankur srivastava uploaded on 06072014 you can give your feedback comments about this article. A site for online free income tax, ppf, ssy and other userfriendly calculators, forms in excel fillable pdf. This is the income tax slabs for financial year 2012 and the analysis year 2014.
The income tax rates and slabs applicable for the financial year 2014 or for assessment year 201415 are given below. At the very outset the department requires transparency. Income tax slab tells the tax rate at which you have to pay tax on income. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax rates 20142015 for filing individual tax returns.
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 slab for financial year 201415 mytaxcafe. Income tax rates on partnership firm for ay 201516 cakart. In the budget 20 announcement the tax slabs has been broadened for. Lets get the insights of the income tax slabs for fy 201819 ay 201920 income tax slab for resident individual aged less than 60 years059 years same slab rates shall apply for both male and female resident taxpayers. New income tax slab for individual new regime income. 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.
New income tax slabs for ay 1415 for resident senior citizens above 60 years. There is a surcharge of 10 per cent on persons whose taxable income. January 24, 20 january 24, 20 admin leave a comment. Income tax slabs for financial year 2014 goodreturns. Partnership income tax slab income tax rates on partnership firm for a. It is deductible from incometax before calculating education cess. Assessment year 201415 relevant to financial year 2014. A rebate of rs 2000 will be available for income less than rs 5 lakhs. The new itr forms released by the income tax department would see various changes in the return to be filed for fy 14 ay 1415. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers. Income tax slabs and rates for fy 202021 bankbazaar. Income tax rates slab for fy 2014 or ay 201415 ebizfiling. Income tax calculator fy 2014, ay 201415 xls download.
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. You can file tax return us 94 called late return upto 31032016. Income tax calculator for fy 2014 ay 201415 taxguru. Government of india income tax slab rates for ay 202014. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Proposed tax slab for financial year 14 assessment year 1415. Find out the income tax slab rate for ay 201718 here. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. You can complete filing your incometax return in just 15 minutes using the website or the mobile app. Latest income tax slabs and rates for fy 201516 and ay 201617. Tds calculation sheet in excel and slabs for fy 2014. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or.
Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Indian income tax system follows income tax slabs for levying the tax. 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. Lets get the insights of the income tax slabs for fy 201819 ay 201920 income tax slab for resident individual aged less than 60 years059 years same slab rates shall apply for both. 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.
First fy 2014 fy 2014 means assessment year 201415. 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. Indian income tax slabs, rates, calculators, itr, challan, tds, pan and other forms in excel fillable pdf, information of i t actrules. The only benefit this financial year is there is a tax credit of rs 2000 for people having an annual income up to rs 5 lakh. 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. For financial year 2014, additional surcharge called the education cess on income tax and secondary and higher education cess on income tax shall continue to be levied at the rate of two per cent. Partnership firm are taxed at a flat rate irrespective of income for the a. Incometax slab rates for individual for fy 201516 ay. 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. We have uploaded below income tax calculator for financial year 2014 or assessment year 201415 after making the changes effected by union budget 202014. The amount of rebate is 100 per cent of income tax or rs. Have a look at the past 25 years income tax slab rates for individuals in india. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Download free major itr forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf.
Download pdf files for form 15g, form 15h, form 60, form 61. All deductions and rebates are allowable except certain deductions where. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Select, 202021, 201920, 201819, 201718, 201617, 2015 16, 201415, 2014, 2012, 201112, 201011. Nonresident individualhuf net income range income tax rates health and education cess up to rs. Income tax slabs income tax rates fy 2014 av 201415. Please click on the links below to view the income tax also written shortly as i. Income tax rates for financial year 2012 and ay 2014. Past 25 years income tax rates for individuals, huf, aops, bois.
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