Income tax slab rate for fy 2012-13 pdf merge

Income tax slabs ay 201011 fy 200910 income tax slabs ay 201112 fy 201011 income tax slabs ay 2012 fy 201112 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 201718 income tax slabs ay 201920. Income tax slabs and rates for fy 202021 bankbazaar. The language is simplified and written specially for non finance background individuals. Women are also brought under the same tax slab and now there will be no gender discrimination. What is income tax, income tax slab for fy 201718, e. Tds us 192 is above taxable limit, the deductor will calculate the average rate of. This category is abolished from this year and is thus is same as that of. 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 department income tax return statistics assessment year 2012.

Section 80tta has been introduced from the financial year 2012 and it allows to. 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. Income tax slabs and rate chart for ay 2014 fy 2012. Income tax department income tax return statistics. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay. Latest income tax slabs and rates for fy 2012 and as. Additional surcharge on income tax secondary and higher education cess on incometax. For income upto rs 2 lakh, the tax deduction will now be nil. 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. The income tax rates and slabs applicable for the financial year 2014 are same as it was during financial year 2012 , except the two major changes which was given below. Accordingly separate rates of tax have been proposed where last slab rate. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slab rates for ay 20142015 and financial year 2014 income tax slabs and rates are changed almost every year.

The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Energy sector has witnessed 12% growth during fy 2015 and fy 2016 which in. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. 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. Simple income tax calculator fy 201516 xls download archive income tax calculation sheet fy 201415, ay 201516 archive confusion on income tax tds calculations for fy 2012 archive. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. The exemption limit has been raised from 180000 to rs. The present circular contains the rates of deduction of incometax.

There will be no surcharge on income tax payments by partnership firm and cooperative society while for domestic company surcharge will be 5% and anad 2% on foreign company for fy 2012 ay 2014. For senior citizens age 60 years or more but less than 80 years. Income above rs 10 lakh will now come under the 30% tax bracket. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Income tax slabs for financial year 2014 goodreturns. Net income range rate of incometax assessment year 202122 assessment year 202021 up to rs. These rates are subject to enactment of the finance bill 2012. 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 rates for last 25 years in india 199293. As there was no change in income tax slabs for fy 201516 i. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs. Latest income tax slabs in india fy 201617 or as 201718.

Given below are the various tables for the latest income tax slabs for the fy 20202021. For income between rs 510 lakh the tax bracket will be 20%. Tdstax deducted at source rate chart for financial year 2012 is given below. For normal category the simple calculation is as follows. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. 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. The rates of tax and level of total income are as under. Download income tax slab rates for fy 2012 file in docx. Net income range incometax rates health and education cess up to. Sum of salary income divided by total number of returns within the value range slab. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Fintotal knowledge the best place to learn more on personal finance. 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. Income tax rates for financial year 2012 and ay 2014.

Latest income tax slabs and rates for fy 2012 and as 2014. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Senior citizenbetween 60 yrs to 80 yrs for very senior citizensabove 80 years basic exemption. Another significant change in this budget was abolishing lower tax slab for women. Income tax is one thing which every salaried man on the street is interested in. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. 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 calculator new scheme vs old scheme and consent letter for fy 202021.

The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Please note the assessment year for this will be ay 202014. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Fintotal knowledge income tax slabs financial year 2012. We have provided the latest income tax slabs for financial year 2014 or assessment year 201415 almost the slabs and rates for income tax 2014 are similar to previous year i. Currently we have listed slab rates from assessment year 199293 to 2014. Taxable income in 10% slab maximum tax will be rs 32000. Latest income tax slabs rates for fy 2012 and as 2014. The basic exemption limit has been increased from rs 2 lakh to rs. Every year the income tax rates are changed by the government and every year government charged tax on the new tax slab or on the latest tax slabs. 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. The union budget 201220 announced by finance minister pranab mukherjee has amended the tax slab for individuals. 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. The average salary income is the average salary income within the value range slab i.

Income tax slab rates for ay 20142015 and fy 202014. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. The amount of incometax shall be increased by education cess on income tax at. Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs. 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. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Rate of tax for individuals for financial year 2012 is as follows. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax slabs income tax rates fy 2014 av 201415. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax.

This page is updated yearly with the indian income tax slab rates. For those with an income between rs 25 lakh the tax deduction would be 10%. Let us help you manage your money in a affordable rate. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014. Here is the ready reckoner of tax slabs for the financial year 2014 which. Salary income must be more then exemption limit after deductions. Income tax slab rates for fy 201617 ay 201718 budget. 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. Every year the income tax rates are changed and it is important to get the latest income tax rates.