The slides show tax slabs for general tax payers age below 60 years, female tax. Quick and easy presentation for saving tax in fy 2014 ay 201415. Here are the slabs for the income tax for the income incurring in fy 202014. In exercise of the powers conferred by section 295 of the incometax act, 1961 43 of 1961, the central board of direct taxes hereby makes the following rules further to amend the incometax rules, 1962. The amount of income tax shall be increased by education cess on income tax at the rate of two per cent of the income tax. Here is quick look of income tax slab for financial year 20 14 and 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. The amount of incometax shall be increased by education cess on income tax at 2% of the incometax payable by both resident and nonresident assessees. The category of women below the age of 65 years has been removed.
This is the income tax slabs for financial year 2012 and the analysis year 20 14. Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Download itr1 sahaj and itr2 for the year 2012 ay 2014. 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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.
There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Mar 17, 2016 7% of the income tax if taxable income exceeds 1 crore. Government of india income tax slab rates for ay 20142015. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Oct 14, 2019 government of india has increased the basic personal income tax exemption limit from rs. Here is the ready reckoner of tax slabs for the financial year 2014 which. Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen. Income tax rates for fy financial year 2012 ay assessment year 20 14,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax slab for fy 20 14 and ay 201415 as march is approaching everyone is worried about their income tax and tax saving.
Government of india income tax slab rates for ay 202014. Apr 14, 2020 income tax slabs ay 201415 fy 20 14 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. The slides show tax slabs for general tax payers age below 60 years, female tax payers age below 60 years, senior citizens age between 60 to 80 years and super senior citizens age above 80 years. For senior citizens age 60 years or more but less than 80 years. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax 2014 changes in budget affecting salaried. 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. Income tax slabs for assessment year 2014 financial year. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. The previous income tax slab for year 2012 20 can be found here income tax slabs 2012. As there was no change in income tax slabs for fy 201516 i. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. The previous income tax slab for year 201220 can be found here.
In the budget 20 announcement the tax slabs has been. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. If you want to calucalute your income tax there is widget provided on footer of page which will easily let you know how much. Rates of income tax fy 20 14 ay 201415 as per finance act, 20 as per the finance act, 20, income tax is required to be deducted under section 192 of the act from income chargeable under the head salaries for the financial year 20 14 i. Tax rates as applicable for different persons for the a. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit.
There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 education cess on income tax. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. The age of the individual is the factor to divide the slab rates in the income tax table. Income tax slabs income tax rates fy 2014 av 201415. Income tax slabs income tax rates and deductions for fy 2014. 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. 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. Income tax slab rates for financial year 2014 assessment. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3. Net income range incometax rates health and education cess up to rs.
For assessment year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per. Income tax slabs for assessment year 2014 financial. Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. Surcharge shall not exceed the amount of income that exceeds rs. Income tax slab from assessment year 20012002 to a. 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. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs.
Latest income tax slabs and rates for fy 2012 and as. New income tax slabs for ay 20 14 for resident senior citizens above 60 years fy 2012 s. In the case of a resident individual of the age of eighty years or above. In the middle income tax slab, the tax outgo increases by rs 1,125. May 14, 2020 due to the hike in cess, the tax liability for the highest slab assuming an income of rs 15 lakh has increased by rs 2,625. 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. She highlighted that the revenue from tax has increased from. 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. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Income tax rates 20142015 for filing individual tax returns. 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 20 14.
Every year the income tax rates are changed and it is important to get the latest income tax rates. Due to the hike in cess, the tax liability for the highest slab assuming an income of rs 15 lakh has increased by rs 2,625. Calculate tax liability for ay 201415 income slabs tax ratesi. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014.
Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year net income range income tax. A individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year income tax slab rates a. Please give only relevant comments as irrelevant comments are waste of time for yourself and our other readers. 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. Latest income tax slabs rates for fy 2012 and as 2014. Applicable tax rates in fy 2012 ay 2014 for individuals april 22, 20 by alok patnia the slab of income tax rates for fy 2012 ay 2014 is to some extent different from. Calculate tax liability for ay 2014 income slabs tax rates i. New income tax slabs for ay 1415 for resident senior citizens above 60 years. Rates of incometax fy 2014 ay 201415 as per finance act, 20 as per the finance act, 20, incometax is required to be deducted under section 192 of the act from income chargeable. Income tax slabs for financial year 2014 goodreturns. Income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000 upto 2 50 000 2. The new income tax rates or income tax slabs are effective from april 01, 20. 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.
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. In the case of a resident individual of sixty years or more but less than eighty years, the basic exemption limit is inr 250,000. 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. The age groups are up to age 60, age 60 to 80 and above age 80. For assessment year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent. Income tax slab for fy 202021 pdf download income tax. Click here to save tax with hdfc lifes various online insurance products. Oct 15, 2012 income tax slab rates for financial year 2012 20 i.
Income tax rates slab for assessment year 201415 previous year 20 14 rates %age. Government of india has increased the basic personal income tax exemption limit from rs. Income tax 2014 changes in budget affecting salaried class. Download itr1 sahaj and itr2 for the year 2012 ay 2014 by gconnect team last updated jul 3, 20 cbdt notifies itr for a. Applicable tax rates in fy 2012 ay 20 14 for individuals april 22, 20 by alok patnia the slab of income tax rates for fy 2012 ay 20 14 is to some extent different from that of slab of fy 1112 ay 2012. Here is the ready reckoner of tax slabs for the financial year 20 14 which. 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. This is the income tax slabs for financial year 2012 and the analysis year 2014. Jul 05, 2019 she highlighted that the revenue from tax has increased from. In the middle income tax slab, the tax outgo increases by rs 1,125, and there is a nominal increase in the tax liability of rs 125 for lowest income tax slab.
There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Tax on longterm capital gains income tax department. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. New income tax slabs for ay 2014 for resident senior citizens above 60 years fy 2012 s. Please see rule 12 of the income tax rules, date of. Apr 22, 20 the slab of income tax rates for fy 2012 ay 20 14 is to some extent different from that of slab of fy 1112 ay 2012. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 20 14 for resident senior citizens above 80 years fy 2012. Income from capital gains is classified as short term capital. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 1415 for resident senior. Itr acknowledgement 20 14 pdf itr v acknowledgement ay b1 computation of income and tax return b2 b3 b4 b5 received with thanks.
Aug 29, 2012 a quick look at income tax slabs in india for financial year 2012 20 and tax assessment year 20 2014. 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. Here are the slabs for the income tax for the income incurring in fy 20 2014. Income tax slabs ay 201415 fy 20 14 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. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of. Income tax rates for financial year 2012 and ay 2014. It covers all tax saving sections like sec 24,sec 80c,sec 80ccc,sec 80ccd,sec 80ccg,sec 80d,sec 80dd,sec 80ddb,sec. For resident woman who is below 65 years of age at any time during the previous year. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age.
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