Income tax slab fy 13-14 pdf

This year the honorable finance minsiter of india, piyush goyal has. It is deductible from income tax before calculating education cess. Tax slab for financial year 201516 assessment year 1617. The basic exemption limit has been increased from rs 2 lakh to rs. The age of the individual is the factor to divide the slab rates in the income tax table. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate. Income tax slabs 202014 for very senior citizens aged 80 and above. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. As per the budget 2019 announcement, no changes in the income tax slabs and rates have been proposed. This rebate will be available under section 87a of the income tax act from fy 201920 onwards. Following tax concession will be provided on income generated on export which source is in nepal. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of 80 years and more. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Income tax slab rates 202021 pdf download ay 202021.

Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Income tax slab for fy 202021 pdf download income tax. There is a proposal of 4% heath and education cess in place of earlier 3% education cess on the income tax. Rates for deduction of income tax at source from salaries, computation of advance tax and charging of income tax in special cases during the financial year 20162017. Incometax slab rates for individual for fy 201617 ay. New income tax slabs and rates have been introduced by fm nirmala sitharaman on the personal tax. Income tax slabs and tax rates in india for fy 202021. 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. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Income tax slab every year amendments are made to the income tax act by proposing a finance bill which directly decides the threshold limits for various tax rates.

For more information check out how to calculate taxable income on salary. Proposed tax slab for financial year 14 assessment year 1415. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. Only tax rebate of 2000 rs has been allowed for income tax slabs between 2lakh5lakh. Before jumping into latest income tax slab rates fy 202021 ay 202122, first understand the difference between gross income and total income. 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. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. However income tax slabs and rates will remain unchanged for the fy201920. 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. So if your income is more than 500000 and less than 1 crore then no tax rate change for you. A rebate of rs 12,500 will be available for all taxpayers with taxable income up to rs 5 lakh. 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.

Steps to file your indian income tax return quickly with. Check the latest income tax slabs, tax rate for fy 202021. The finance minister has introduced many changes in the income tax slab rate for financial year. Income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with. The income tax slab fy 1920 is a set of predetermined rates based on which a taxpayers income is assessed. Income tax slabs for individuals for fy 201920 ay 202021. A comparative analysis of income tax calculation for fy 202021 ay 202122 under the existing tax slab and the new income tax slabs introduced in budget 2020 can be understood by comparing taxable income under both scenarios. Hdfc life provides the latest income tax slab rates and deductions in india for tax. It is charged on the basis of a slab system prescribed by the government of india in the budget every financial year. You will be looking for changes in income tax rates,but the news is that there is no change in income tax rates, slabs at all. Apart from income tax slab few more changes are proposed in the union budget of fiscal year 202021. A for your information below are the tax slabs on income tax for financial year 201920 assessment year 202021. 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 rates slab for fy 2014 or ay 201415 ebizfiling.

The following income tax slabs are applicable for the financial year 201819 i. Income tax ratesslab for assessment year 201718 previous year 201617 income tax rates for financial year 201415 and 20152016 are same, there is. Many of us have the confusion of understanding what is gross income and what is total income or taxable income. Income tax slab rates 201819 pdf download ay 201920. Income tax slabs and rates applicable for the fy 201920 and ay 20202021 there are 3 different categories of individual taxpayers and 1 for. Income tax slabs for financial year 2014 goodreturns. Income tax slab rates 201920 pdf download ay 202021. Please click on the links below to view the income tax also written shortly as i. Download income tax calculator in excel for salary 2. In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old regime. New income tax rates, revised income tax slab for fy 2021 takeaways. Income tax slabs income tax rates and deductions for fy 20. Fm has announced a new income tax regime following which individuals will have to pay lower taxes for fy 202021 onwards as compared the current tax laws.

Nonresident individualhuf net income range income tax rates health and education cess up to rs. Recently, the income tax rates, income tax limits, and income tax slabs were decided for fy 201920. Union budget 2020 has proposed a new tax structure by slashing income tax rates and rejigging the income tax slabs to reduce total tax liability by individuals. Income tax rate chart income tax slabs as applicable for assessment year 201718 financial year 201617 for individual, huf, aop, boi, partnership firms, llp and companies.

Given below are the various tables for the latest income tax slabs for the fy 20202021. Income tax slabs for fy 202021 ay 202122 in india, income tax is levied directly on individual taxpayers. The amount of rebate is 100 per cent of income tax or rs. The main relief to individual taxpayers is rebate us 87a of income tax act which increased the limit of rebate from rs. Click here to save tax with hdfc lifes various online insurance products. Incometax slab rates for individual for fy 201516 ay. Nirmala sitharaman unveils optional tax regime in budget, reduces tax for income up to rs 15 lakh without exemptions. As proposed in the new tax regime, 70 tax exemptions will be removed but the income between rs 5 lakh and rs 7. 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. Income tax slabs for senior citizensabove 60 years but below 80 years.

Income tax slabs for fy 202021 ay 202122 moneymanch. Fm has announced a new income tax regime following. 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. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slabs income tax rates income tax limit. Under section 87a of the income tax act, taxpayers with income up to. In case you want to know what kind of tax you are liable to pay for the current financial year and what is the new income tax slab then do read on to know more about the changes made this year in tax slabs by the indian government. The age groups are up to age 60, age 60 to 80 and above age 80. 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 saving deadline extended for fy 201920 by 3 months. The finance minister during his budget speech has announced that there will be no change in the structure of the income tax rates for individuals. Income tax slab rates for individualhuf for fy 201415.

The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Income range tax percentage 1 up to rs 2,50,000 no tax exempt. Income tax rates for financial year 2012 and ay 2014. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. As per interim budget 2019, individual taxpayers having taxable annual income up to rs. Income tax slab for filing tax return on income in india.