Income tax rates for assessment year 202014 previous year 2012. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Income tax slab rates for ay 201718income tax slab rates for fy 201617income tax slab rates for financial year 201617income tax slab rates for assessment year 201718 income tax rates for financial year 201617 relevant to assessment year 201718 sr. Additional surcharge on income tax secondary and higher. Thus the slab rates remain the same as the rates for ay 1819. But the tax slabs have not been changed for the last few years. The income tax rates ay 201920 or fy 201819 for salaried individuals is as follows. Ay is assessment year latest income tax slab rates for fy 201617. Income tax slab rates for financial year 201516 assessment. Apr 22, 20 the slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 11 12 ay 2012.
In case of individual other than ii, iii and iv below and huf. Income tax slab rates 201819 pdf download ay 201920. Individuals below 60 yrs income tax slab 201617 ay 201718 income tax slab income tax rate income upto rs. 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.
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. For fy 201718, the tax rebate under section 87 of the income tax act was limited to rs. Tax slab for financial year 201516 assessment year 1617. For the assessment year 2021 the local authority will be taxed at 30 percent. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Income tax slab rates 201920 pdf download ay 202021. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. The income tax slab rates are usually revised every year during the budget. Individuals below 60 yrs income tax slab 201718 ay. Tax benefits under the policy are subject to conditions under section 80c, 80d, 1010d and other. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. Tax slab for fy 201011 ay 2011 12 particulars slab tax rate women assesses up to 1,90,000 nil.
The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Latest income tax slabs and rates for fy 2012 and as 2014. However, there have been no changes made to the income tax slabs in the budget of 2018. Incometax slab rates for individual for fy 201718 ay. Income above rs 10 lakh will now come under the 30% tax bracket. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. The new and revised income tax slabs and rates applicable for the financial year fy 2011 12 and assessment year ay 2012 are mentioned below. Income tax slab for filing tax return on income in india. Income tax slabs income tax rates fy 201112 av 2012. Incometax slab rates for individualhuf for fy 201819 ay 201920. Incometax slab rates for individual for fy 201617 ay. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Income tax slab rates for 202021, income tax rates fy.
Finance minister mr arul jaitley on 1st february 2018. For income between rs 510 lakh the tax bracket will be 20%. Nov 18, 2011 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. For those with an income between rs 25 lakh the tax deduction would be 10%. Income tax slab rates ay 201920, fy 201819, income tax. Income tax slabs ay 201011 fy 200910 income tax slabs ay 2011 12 fy 201011 income tax slabs ay 2012 fy 2011 12 income tax slabs ay 2014 fy 2012 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 slabs ay 201819 fy 2017.
For income upto rs 2 lakh, the tax deduction will now be nil. Incometax slab rates for individual for fy 201617 ay 201718 mitra 1. Income tax ratesincome tax slab for assessment year 202021 previous year. 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.
Additionally, the 15% surcharge on rs 1 crore or more. Rate of incometax assessment year 202122 assessment year 202021 up to rs. The income tax slab rates specify the threshold yearly limits at which a higher a lower tax rate is applicable. Income tax rates and slabs as per budget 2017 income tax slab for fy 20172018 ay 20182019 part a. 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 fy 201718 ay 201819 studycafe. Surcharge and education cess see note income tax slab rates 201718 pdf download. The income tax slab and tax rates for individuals, senior citizen and very senior citizens, hufs, aop, boi and cooperatives are progressive in nature, where a lower tax rate is imposed on lowincome earners compared to those with higher income, making it. In order to gain tax benefits to the fullest, it is essential to understand the current income tax slab rates. 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. Income tax rates applicable for the financial year fy 2012 and assessment. Income tax ratesslabs for financial year 2011 12 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Nov 21, 2010 tax rates as applicable for different persons for the a.
Income tax rate applicable to partnership firm for ay 2021. These are the income tax slab rates for ay 1920 fy 1819 the following are the income tax slab rates shall be. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. Income tax rates for financial year 201617 relevant to assessment year 201718 sr. Rate of surcharge applicable individual is as under. Below are the income tax slab rates for fy 201617 or ay 2017 18. Refer the post budget 2017 highlights 10 changes every investor must aware for the same. Feb 12, 2018 income tax slab rate and rebate for a. 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. On the occasion of union budget sessions, the finance minister arun jaitley announced the reduction of the existing rate of taxation for individuals with income ranging between rs 2. Income tax rates for financial year 2012 and ay 2014. Further rates of sttsecurities transaction tax ay 2011. Secondary and higher education cess 1% of income tax.
I already wrote a post related to the major changes in budget 2017. Income tax slabs for fy 2018 19 ay 2019 20 project make knowledge free by amlan dutta. 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. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. Income tax slab rates for womens, income tax slab rates for mens, income tax slab rates for senior citizens, income tax slab rates for super senior citizens, etc. Latest income tax slab rates for fy 201718 ay 201819. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs. Income tax slab rates for last 25 years in india 199293 to. Income tax slab rates for fy 201617 ay 201718 budget. Find out which income tax slab you will fall into as per income in the financial year 201718 assessment year ay 201819 and accordingly estimatecalculate your income tax liability.
For senior citizens age 60 years or more but less than 80 years. Income tax slab of last 20 years from ay 20012002 to ay. Income range tax percentage 1 up to rs 5,00,000 no tax exempt. It is time to have new income tax rate for the financial year fy 201819 or for the assessment year ay 201920 after recent budget speech of hon. Income tax slabs for fy 2018 19 ay 2019 20 youtube. 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 surcharge at the rate of 5% of such income tax, provided that the total income exceeds rs. The main highlight of personal income tax this year budget is the introduction of standard deduction of 40000 for. Incometax slab rates for individual for fy 201718 ay 201819 mitra 1. Please note the assessment year for this will be ay 202014.
Income tax slab rates for last 25 years in india 199293. For resident woman who is below 65 years of age at any time during the previous year. In this post, my concentration is to share you about the latest income tax slab rates for fy 201718 ay 201819 and applicable security transaction tax stt. Particulars tax rates 1 individual male and female.
In case income is more than rs 1 crore, a surcharge of 12 % is applicable on the income tax amount. Income tax rates slabs for the financial year 20112012 a. At hdfc life, we ensure that our customers are wellinformed about the latest income tax slab rates in india as well as the tax benefits relevant to. 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. Income tax slab of last 20 years from ay 20012002 to ay 20212022. For normal category the simple calculation is as follows. The amount of incometax 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. Now you can scroll down and check more details about income tax slab rates ay 20192020, fy 201617. All assessees are required to file income tax return each year if they have taxable income of more than rs. Nil 10% 20% 30% 1a individual senior citizens age 60 years to 79 years nil 10% 20% 30% 1b individual super senior citizens age 80 years and above nil 20% 30% plus. Rates of income tax for companies,firms,limited partnership firm and all other assesses for financial year 201011 is also given in the charts. According to the budget released in 2019 there have been some changes in the structure of the tax slab in the interim budget 2019 the tax rebate of rs. Nov 06, 2016 income tax slab rates for ay 201718income tax slab rates for fy 201617income tax slab rates for financial year 201617income tax slab rates for assessment year 201718 income tax rates for financial year 201617 relevant to assessment year 201718 sr. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge.
May 05, 2011 further, in the fy 2011 12 ay 2012 men assessees will also get additional basic exemption limit of rs. Latest income tax slab rates for fy 201819 hdfc life. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income upto rs. There will be no surcharge on income tax payments by individual taxpayers during fy 2011 12 ay 2012. Taxable income in 10% slab maximum tax will be rs 32000. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Income tax slab fy 2017 18, ay 1819 calculation method explained with example in hindi. Income tax slabs for ay 201819 fy 201718 for individuals. Income tax ratesslabs for financial year 201112 assessment. Special tax rate for individual and hufs the finance act, 2020, has provided an option to individuals and huf for payment of taxes at the following reduced rates from assessment year 202122 and onwards. Assessment year 201920 these will be effective on income earned during 01. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. The amount of income tax shall be increased by education cess on income tax at the rate of 2% percent of the income tax payable by both resident and nonresident assessees.
Feb 10, 2017 dosto, is video main dikhaya gaya hai ki current main income tax ki rate means ay 201819 fy 201718 main kya chal rhi hai, or income tax ka section 87a bhi define kiya gaya hai. Income tax rates income tax slabs for assessment year 2012. Net income range income tax rates surcharge education cess upto rs. Income tax income tax rates ay 2012 fy 2011 referencer. The basic exemption limit has been increased from rs 2 lakh to rs. Income tax rates for fy financial year 2011 12 ay assessment year 2012 ,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax slab rates for fy 201819 ay 201920 studycafe. There will be a surcharge of 10% for those whose annual income is rs 50 lakh to rs 1 crore. Another significant change in this budget was abolishing lower tax slab for women. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry.
There isnt much changes from previous year income tax rate slab. Senior citizen 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 201718 pdf download ay 201819. Also health and education cess of 4% is applicable on the amount of tax computed, inclusive of surcharge. Oct 03, 2017 find out which income tax slab you will fall into as per income in the financial year 201718 assessment year ay 201819 and accordingly estimatecalculate your income tax liability. The income tax rates in india are different for different categories and status of tax payers. New income tax slabs for ay 2014 for resident senior citizens above 80 years fy 2012 s. Assessment year 201819 these will be effective on income earned during 01.
Fy 202021 ay 202122, fy 201920 ay 202021, fy 201819 ay 201920 and last 10 years find updated latest income tax slab rates in india for individuals, company, nri, huf, boi, aop, llp, local authority, cooperative society. Latest income tax slabs in india fy 201617 or as 201718. Income tax rates income tax slab and rate for 20172018. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Aug 11, 2011 income tax rates slabs ay 2011 12 individual huf boi aop the rates for assessment year 2011 12 is given in the table below.
163 18 1529 1125 354 158 629 678 19 1439 1326 1290 1297 1103 752 29 1380 1026 1398 262 1103 269 633 1468 1097 719 729 1418 1491 1295 885 1233