Income tax slab rate for ay 12-13 pdf files

Additional surcharge on income tax secondary and higher education cess on income tax. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Income tax rates chart slab,exemption, deductions,capital gain at a. Tax slab applicable for assessment year 200910 or financial. There will be no surcharge on income tax payments by individual taxpayers during fy 2011 12 ay 2012. Income tax slab rates for financial year 2014 assessment. Income tax slab for 2014 and 201415 linkedin slideshare. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry.

Income tax rates slabs for the financial year 20112012 a. Oct 06, 2011 tax rates are for assessment year 2012 , assessment year 2011 12, assessment year 201011, ay 200910. Although there is no change in the existing tax rate yet new government had increased the minimum limit from rs. Income tax slabs and rates for ay 202021, ay 202122 and ay 201920. 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 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. Nov 21, 2010 tax rates as applicable for different persons for the a. The basic exemption limit has been increased from rs 2 lakh to rs. 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. Basic income tax exemption slab and tax rates for ay 202122 under section 115bac, the income tax payable in respect of the total income of person, being an individual or a hindu undivided family, for any previous year relevant to the assessment year beginning on or after the 1st day of april, 2021, shall, at the option of such person, be. The income tax slab for hindu undivided family huf is the same as the tax slabs for individuals under the age of 60 years in the year 2019 2020. 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. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Total amount payable as income tax and surcharge on total income exceeding rs.

Indian income tax return form itr5 and iv person filing. Personal income tax exemption limit raised by rs 50,000 that is, from rs. This is the income tax slabs for financial year 2012 and the analysis year 2014. Below are the document proofs that are generally accepted to claim income tax exemptions and allowances. For normal category the simple calculation is as follows. Apr 17, 2018 latest income tax slab rates fy 201819. Income tax slabs and rates for fy 202021 bankbazaar. Click here to see the income tax slab rates for fy 201516 or ay 201617 click here to see the income tax slab rates for fy 2014 or ay 201415. Tds rates for payments of salary wages and other payments for ay 202021. Latest income tax slabs and rates for fy 2012 and as 2014.

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. The starting rate and the starting rate limit for savings is shown in the table below. Apr 05, 2014 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 applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. For slab rates check out the chart from below link. Instructions for filling out form itr7 these instructions. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. There were no changes in the tax slab from last 2 years in tax slabs. Jul 01, 2009 tax rates for all except senior citizens and women up to rs 150,000. Income tax slabs for assessment year 2014 financial year. 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. For resident woman who is below 65 years of age at any time during the previous year. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Applicable to individual male below the age of 60 years and huf.

The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. 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. In simple words, we can say, there is no any change in rate of income tax in the individual. Basic income tax exemption slab for ay 202122 as per budget. Latest income tax slabs and rates for fy 201617 and ay 201718. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Incometax return form4 for the assessment year 201920 relating to the financial year. The amount of incometax shall be increased by education cess of 3% on incometax. India income tax slabs for assessment year 201112 financial year 20102011 general tax payers income tax slab in rs. Tax calculator simple for financial year 201112 assessment year 12 is available here exemptionsdeductions from salary 1.

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. The union finance minister shri arun jaitley in his budget speech on 01022017 in lok sabha proposed few change in the rate of personal income tax. For senior citizens age 60 years or more but less than 80 years. Due date to file income tax return for assessment year 2012 for non audit. This is the income tax slabs for financial year 2012 and the analysis.

To claim tax deductions under 80c, you can submit below investment documents as proofs. 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. India income tax slabs for assessment year 2011 12 financial year 20102011 general tax payers income tax slab in rs. Aug 11, 2011 income tax rates slabs ay 201011 individual huf boi aop the rates for assessment year 201011 is given in the table below. Latest income tax slabs and rates for fy 2012 and as.

Net income range income tax rates health and education cess up to rs. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Income tax ratesslabs for financial year 201112 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.

Income tax department has issued a circular about tds on salary and all the aspects of income tax on salary, different circulars and notifications, forms, deduction on salary etc. Ib, 80ic, 80id, 80jjaa, 80la, 92e, 115jb or 115jc, he shall file such report. Where taxable nonsavings income does not fully occupy the starting rate limit. Taxable income in 10% slab maximum tax will be rs 32000. The new service tax rates are effective since april 1, 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. Latest income tax slabs and rates for fy 2012 and as 2012. Given below are the various tables for the latest income tax slabs for the fy 20202021. 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.

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. There are three categories in income tax slabs which is for. Income tax slabs for partnership firms there is a flat tax rate for partnership firms and llps limited liability partnerships and they are to pay income tax at the rate of 30%. Indian income tax return for persons other than, i individual, ii huf, iii company and iv person filing form itr7 please see rule 12 of the income tax rules,1962 please refer instructions assessment year 2 0 1 9 2 0 part agen general ion name pan is there any change in the name. Income tax rates income tax slabs for assessment year. Income tax rates for financial year 2012 and ay 2014. Matminimum alternate tax rate has been increased in last four years. Income tax slabs for assessment year 2014 financial.