Income tax slab for ay 2015-16 pdf

Income tax rates on partnership firm for ay 201516. Income tax slabs for filing tax return for individuals and hufs. Here is a primer on income tax slab rates for ay 201617. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Download income tax calculator for fy 201516 ay 201617 income tax slab for fy 201415 ay 201516 the income tax slab has changed for general public and senior citizens. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. But the tax slabs have not been changed for the last few years. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories. Income tax department has notified the itr form ay 201516 but after representation from public against the new columns and information in new forms now new. Income tax rate for last 15 years for individual, huf, aop and boi last updated on june 3, 2014 by editorial staff income tax rate is a percentage specified in the finance bill as a rate to be charged on the taxable income. It slabs from fy 200809 to fy 201516 income tax caclubindia. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay.

My question is that this arrear should not be added in previous year. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Ay 201617, the following rates were also applicable for fy 201415 ay. The national board of revenue nbr is the apex authority for tax administration in bangladesh. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Availabilityincome tax rebate section 87a fy 201415 ay 201516. Fill up the relevant details to know your tax liability for fy 201516 income tax slabs for fy 201516 ay 201617 general public income tax slab education cess of 3% surcharge of 12% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female tax. The tax department issued a clarification after a fake order was circulating on social media about the extension of the deadline. Income tax slab rates for financial year 201516 assessment.

I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 2015 16 for last fy 201415. Employers will issue form 16, certificate under section 203 of the income tax act, 1961 for tax deducted at source from income chargeable under the head salaries for all the tax deducted at source while disbursing salaries. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. For normal category the simple calculation is as follows. Apr 14, 2020 new income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company. Mar 15, 2019 the income tax slab is remain unchanged in this financial year. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax.

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. Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. Domestic companies have to pay 5% surcharge on income exceeding rs. How income tax structure, slabs in budgets over last 4. Given below are the various tables for the latest income tax slabs for the fy 20202021. Download income tax form 16 certificate of tax deducted at source tds in excel auto format for financial year 201415 assessment year 201516. The above income tax rates are for general category men women who are below 60 years of age.

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. It is deductible from income tax before calculating education cess. Income tax slabs and rates for assessment year 201516 cakart. Income tax slabs and rates for assessment year 201516. 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. Incometax slab rates for individual for fy 201516 ay 2016. Who is 80 years or more at any time during the previous year. Income tax slab rates for last 25 years in india 199293. Download income tax calculator for free for previous year 2014 2015. Nonresident individualhuf net income range income tax rates health and education cess up to rs. Income tax slabs income tax rates and deductions for fy 2017. Aug 31, 2019 the incometax department on friday had confirmed that the deadline to file income tax returns itr for 201920 will end on saturday, and wont be extended again.

Income tax slab rates for last 25 years in india 199293 to. 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. Every year the income tax rates are changed and it is important to get the latest income tax rates. All the data listed above is for the fy 201415 and ay 201516. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. Income tax slabs income tax rates fy 201415 av 201516. Income tax slabs and rates for fy 202021 bankbazaar. Jul 14, 2016 personal income tax rates for the financial year 20082009 and assessment year 20092010 new delhi delhi, india, november 17, 2015 indian government ups basic personal income tax exemption limit from rs. 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. Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update.

Income tax calculator for fy 2015 16 ay 201617 351. There are lot of changes in tax rates and cess in the last 25 years. Download income tax calculator for fy 201415 ay 201516. Tax slab for financial year 201516 assessment year 1617.

Education cess of 3% is also applicable to income tax computed as per above slab. 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 201718. Apr 10, 2018 income tax slab rates for individual for fy 2015 16 ay 201617 steps to file your indian income tax return quickly with. People of kashmir and floodhit districts can file gstr till. We will cover other aspects like filing of income tax return of partnership firm, assessment of partnership firms and book profit. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991.

Income tax slab rates for financial year 201516 assessment year201617. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Income tax slab for fy 2015 16 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. New income tax slabs for ay 1415 for resident senior citizens above 60 years.

Now my total income is rs 591684 including the arrears. Income tax slab rates for individual for fy 201516 ay 201617. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. Due date to file income tax return assessment year 201516. Latest income tax slabs and rates for fy 201516 and ay. Jul 11, 2014 rs,my taxable income for fy 201415 was rs 3894. 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. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs. Hope, now you all know the income tax rates on partnership firm. Last 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415 by shankar bose inspector of income tax oo the principal chief co slideshare. You will be treated as a tax resident for a particular year of assessment ya if you are a. Have a look at the past 25 years income tax slab rates for individuals in india.

However, the total amount payable as incometax and surcharge on total income exceeding one crore rupees but not exceeding ten crore rupees, shall not exceed the total amount payable as incometax on a total income of one crore rupees, by more than the amount of income. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Steps to file your indian income tax return quickly with. Last 25 years income tax rates linkedin slideshare. Incometax slab rates for individual for fy 201415 ay. It was established by the father of the nation bangabandhu sheikh mujibur rahman under. 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. Quick excel income tax calculator for fy 201516 ay 201617. As there was no change in income tax slabs for fy 2015 16 i. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Availabilityincome tax rebate section 87a fy 201415 ay. Income tax rates on partnership firm for ay 201516 cakart. Know more about income tax slabs and rates for assessment year 2015 16.

Income tax income tax rates ay 201516 fy 2014 referencer. Income tax rates on partnership firm for ay 2015 16. Income tax rates depend on an individuals tax residency status. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or non.

Income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with. An assessee, being an individual resident in india, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income tax as computed before allowing the deductions under this chapter on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income tax. This article provide quick excel income tax calculator for fy 2015 16 ay 201617 for individual resident whose age is below than 60 years i. Income tax slabs 202021 new income tax slabs, brackets. Mar 19, 2019 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. The surcharge at the rate of twelve percent shall be levied if the total income of the domestic company exceeds ten crore rupees. Excel tds form16 automatic certificateay 201516 download. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 201516 i. The budget 2016 did not witness any change in the tax slabs, but the modi sarkar lessened the burden on low income group by increasing the rebate us 87a from rs 2,000 to rs 5,000 and the super.

Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax rates 20142015 for filing individual tax returns. Income tax slab rates for ay 201617 fy 201516 ndtv. Income tax rates for assessment year 20162017 previous year 201516 income tax rates. Income tax slab rates for financial year 201516 assessment year201617 resident super senior citizen. Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol. The certificate can be used for computing actual income and tax. Incometax slab rates for individual for fy 201617 ay. Incometax slab rates for individual for fy 201617 ay 2017.

Income tax at a glance among direct taxes, income tax is the main source of revenue. 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. Ay is assessment year latest income tax rates for fy 2015 16. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Net income range income tax rates surcharge education cess. Income tax is a direct tax which is levied by the government. Union budget 2015 16 and 201415 have not altered the rebate available under section 87a for fy 2015 16, 201415 or ay 201617, 2015 16 meaning thereby that effectively there will be no income tax payable up to the total income of rs. Union budget 201516 and 201415 have not altered the rebate available under section 87a for fy 201516, 201415 or ay 201617, 201516 meaning thereby that effectively there will be no income tax payable up to the total income of rs. Income tax rates for fy financial year 201415 ay assessment year 2015 16 final, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. As there was no change in income tax slabs for fy 201516 i. The basic exemption limit has been increased from rs 2 lakh to rs. Income tax slab for filing tax return on income in india. 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. Hence this provision continues for ay 201516 as well.

There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and. Same slabs and rates are expected for fy 201516 and ay 201617. Ay is assessment year latest income tax rates for fy 201516. Incometax slab rates for individual for fy 201516 ay. Finance bill 2014 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of rs. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 2015 16 i. Income tax slabs for individuals are divided into 3 slabs. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. The amount of rebate is 100 per cent of income tax or rs. Income tax is imposed on the basis of ability to pay. Income tax rate for last 15 years for individual, huf. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000.

Income tax slab rates for individualhuf for fy 201415. Taxable income in 10% slab maximum tax will be rs 32000. My next question is that how should be calculated the income tax for current year. You can complete filing your income tax return in just 15 minutes using the website or the mobile app.