Tax rates for ay 2014-15 pdf

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 commissioner of income tax, odisha, bhubaneswar. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 201415 are given below. During the financial year 199091 assessment year 199192. Rate of income tax for individual a slab rate assessment year 2014 15. Table 1 contains the shortterm, midterm, and longterm applicable federal rates afr for the current month for purposes of section 1274d of the internal revenue code. Income tax amendment for the assessment year 201415. Union budget 2014 has amended the basic income tax slabs for financial year 2014 15, however there is no change in the income tax rates, surcharge and cess. Surcharge surcharge is applicable at the rates given below. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. I have not added section 194da in the table below since it is not yet passed. 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. Save tax with hdfc lifes various online insurance products. Bharat law ravi gupta house, t195, mangolpuri industrial area, phase i, new delhi110 083. Highlights of change in direct taxes in the union budget 20 1.

Availabilityincome tax rebate section 87a fy 201415 ay 201516. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 2014 15 are given below. 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. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. Incometax slab rates for individual for fy 201516 ay. Last 25 years income tax rates linkedin slideshare.

Here we present to you all income tax slab rates india for past 25 years. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. Incometax slab rates for individual for fy 201415 ay. However, the surcharge shall be subject to marginal relief where. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. How income tax structure, slabs in budgets over last 4. Tax rates for 20142015 year residents the basic tax scale and marginal rates for the 201415 financial year have been in place for three financial years. Income tax amendments applicable for the assessment year. You must check out the difference between the 1992 i.

Income tax rates slab for assessment year 2014 15 previous year 2014 rates %age. Assessment year 201415, relevant to financial year 2014. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Fy 202021 ay 202122, fy 201920 ay 202021, fy 201819 ay 201920 and last 10 years. The amount of incometax computed in accordance with the preceding provisions of this paragraph shall be increased by a surcharge at the rate of ten percent.

Feb 28, 20 for financial 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. Amendments to the act, relating to filing of return of income, applicable with effect from ay 2014 15. Income tax slab rates for individualhuf for fy 201415. 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. Income tax slab for filing tax return on income in india. 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 rates for ay 201516 financial year 201415 january 4, 2015 by admin. Depreciation rates,depreciation rates 2014 av 201415. All tax rates mentioned hereinafter in this tax guide are net effective rates, inclusive of sc, ec and shec specified above and have been rounded off to two decimal places. 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. Rates of incometax for fy 201415 ay 201516 as per the finance no. Click here to save tax with hdfc lifes various online insurance products. Mukherjee road, kolkata 700001 edition based on provisions applicable for ay 2014 15 ii.

Use individual tax return instructions 2015 to fill in this tax return. Amendments to the act, relating to filing of return of income, applicable with effect from ay 201415. Union budget 201516 and 2014 15 have not altered the rebate available under section 87a for fy 201516, 2014 15 or ay 201617, 201516 meaning thereby that effectively there will be no income tax payable up to the total income of rs. Ravi gupta edition based on provisions applicable for ay 2014 15 6. Tax rates for companies a y 2014 15 mat rates marginal relief chdcaprofessionals blogspot in 20 05 taxratescompanyay2014 15 html tax rates for a y 2014 15. Tds rate chart for fy 201415 ay 201516 indian tax updates. Incometax slab rates for individual for fy 201516 ay 201617 tax expert. Aug 04, 2014 tds rate chart fy 2014 15 ay 201516 tds due dates 18 0 raj kumari monday, august 4, 2014 edit this post deduction of tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of interest on late deposit and dis allowance of expenses. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201415.

India income tax slabs 2014 2015 for general tax payers and womenincome tax slab in rs. The irs mission provide americas taxpayers topquality service by helping them understand and meet their tax responsibilities and en. The amount of income tax and the tax rate you pay depends on how much you earn and your circumstances. Income tax rates for ay 201516 financial year 201415. Mar 31, 20 tds rate chart fy 2014 tcs rate chart 14 43 0 raj kumari sunday, march 31, 20 edit this post deduction of tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of interest on late deposit and dis allowance of expenses. Income tax forms 3cb3cd in java based utility ay 201415. Here we are providing form 16 in excel format you can download form 16 in excel format from below. 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. Income tax rates 20142015 for filing individual tax returns. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person.

Income tax slabs income tax rates and deductions for fy. Income tax slabs income tax rates fy 201415 av 201516. The aggregate of income tax and sc, wherever applicable, is further increased by 3% 2% education cess ec and 1% secondary and higher education cess shec. Find updated latest income tax slab rates in india for individuals, company, nri, huf, boi, aop, llp, local authority, cooperative society. Income tax slab rates for financial year 2014 assessment. Tax return for individuals 201415 australian taxation. Read our guide to know the old income tax slabs, rates, brackets or percentage for last 10 fys of individuals in india. The income tax department issued forms 3cb 3cd in java based utility which will work both offline and online mode. Income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released.

New income tax slab for fy 2014 ay 201415 for resident senior citizens 60 years. Pranab mukherjee, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on friday, march 16, 2012 in new delhi. Income tax slab rates 201718 pdf download ay 201819. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi.

Depreciation rates,depreciation rates 2014 av 2014 15. Income tax income tax rates ay 201415 fy 20 referencer. Incometax slab rates for individual for fy 201516 ay 2016. Find out the income tax slab rate for ay 201718 here. 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. Income tax is imposed on the basis of ability to pay. Tax slab for financial year 201415 assessment year 1516. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. Incometax slab rates for individual for fy 201415 ay 201516. We provide you the latest income tax rates in india for everyone and tax benefits for the current. Income tax rates in india and comparison with other countries and exemption limits of all. Find out prior year tax rates for individual taxpayers who are. Apr 10, 2018 income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with.

Edition based on provisions applicable for ay 201415 3. Edition based on provisions applicable for ay 201415 2. The new income tax rates or income tax slabs are effective from april 01, 20. Federal income tax rates for 2014how to do the math. Jul 11, 2014 income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 2014 15 for individual, huf, aop, boi, partnership firms, llp and companies. For special tax rates applicable to special incomes like long term capital gains, winnings from lottery, etc. The amount of income tax shall be further increased by education cess of 3% on income tax. Tax slab for financial year 201516 assessment year 1617. The basic exemption limit has been increased from rs 2 lakh to rs. India pkf assurance, audit, tax, advisory and business. However in case of distribution of income by an idf set up as a mutual fund the distribution tax is levied at the rates described above in.

Income tax at a glance among direct taxes, income tax is the main source of revenue. Jan 04, 2015 calculate your tax based on the tax slabs for year 2014 2015. In the following post, we see the rates which are applicable for different entities. The tax rates discussed in this part are applicable for assessment year 202021 i. Income tax slab for individuals, senior citizens, hufaop, etc. New income tax slab for fy 2014 ay 2014 15 for resident senior citizens 60 years. Government of india income tax slab rates for ay 20142015. Calculate your tax based on the tax slabs for year 20142015. Assessment year 2014 15, relevant to financial year 2014. Apr 14, 2020 income tax slab rates for ay 2014 15 fy 2014 resident individuals aged less than 60 years male or female income range tax rate.

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. Looking for the income tax slabs and rates for the financial year 2014 or assessment year 201415. Table 2 contains the shortterm, midterm, and longterm adjusted. For individuals below 60 years age including woman assessees. Incometax slab rates for individual for fy 201617 ay. Surcharge and education cess see note income tax slab rates 201718 pdf download.

Immovable property other than agricultural land 194ia 1 1 instantxbrl rs. Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with. For financial 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. Detailed split for general, women, senior citizen etc are provided. Incometax slab rates for individual for fy 201617 ay 2017. Tax and tax credit rates and thresholds for 201415 gov. Income tax slabs and rates for fy 202021 bankbazaar. You can complete filing your incometax return in just 15 minutes using the website or the mobile app. Individual income tax rates for prior years australian. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. Government of india income tax slab rates for ay 202014. Depreciation rates chart as per indian income tax act, 1961. Oct 14, 2019 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. Recently we also provide an artile for form 16 tds understand form 16 download excel utility.

Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. Income tax rates for assessment year 20162017 previous year 201516 income tax rates for assessment year 20152016 previous year 201415 income. Government of india has increased the basic personal income tax exemption limit from rs. Oct 14, 2019 government of india has increased the basic personal income tax exemption limit from rs. The following are the revised tax rates for individuals and business. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. Tax return for individuals 201415 australian taxation office. Tax rates in this part you can gain knowledge about the normal tax rates applicable to different taxpayers. In addition to federal income taxes on ordinary income, the following taxes can also apply.