Income tax slab rates for financial year 201516 assessment. 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. Given below are the various tables for the latest income tax slabs for the fy 20202021. Deductions under sections 80 ce are available for individuals would be discussed in the upcoming blogs on tax planning for financial year 201516. Income tax slabs for the individual male below 60 years age for the assessment year 2015 2016 sl no. Income tax slab rates for fy 2015 16 ay 201617 are as under. Incometax slab rates for individual for fy 201516 ay 2016. Download income tax calculator for fy 201415 ay 201516. Surcharge of 12 % is applicable if total income exceeds 10 crores. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Importance the first step to understand the workings of income tax in india is to be aware of the taxation slabs released each financial year by the indian government and various deductions defined under different sections of the income tax act, 1961. Abcaus excel based auto fill form 16 for ay 2015 16 fy 201415 is very simple and user friendly. Scroll down below and check all latest tds rate chart issued by income tax.
Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update. This file includes income tax calculator, it form, form 16 and hra calculator. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge. Latest income tax slabs and rates for fy 201516 and ay.
Y 201516 and ay 201617, tds chart for ay 201819, download tds rate chart for ay 202021 etc. The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here free income tax calculator for calculating tax for 201819. Due date to file income tax return assessment year 201516. Latest income tax slabs for fy 20152016 calculate your tax based on the tax slabs for year 20152016. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. There are many queries related to itr2a like itr2a acknowledgement. Rates of incometax in respect of income liable to tax for the assessment year 20152016. 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 certificate can be used for computing actual income and tax deducted at source. Download it slabs from fy 200809 to fy 201516 file in pdf. For individuals, hufs and firms other than llp being a resident having total income upto rs. Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax slab rates for last 25 years in india 199293 to.
This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Apr 14, 2020 income tax slabs ay 201415 fy 2014 income tax slabs ay 2015 16 fy 201415 income tax slabs ay 201617 fy 2015 16 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. Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year. In respect of income of all categories of assessees liable to tax for the assessment year 20152016, the rates of incometax have been.
Income tax rates slabs for financial year 201516 assessment year 201617 for male individuals below 60 years resident of india income tax rates up. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are. 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 department has extend the due date for filing income tax return and tax audit report all over india from 30. Incometax slab rates for individual for fy 201516 ay 201617. Income tax is a direct tax which is levied by the government.
Log on to efiling portal at if you are not registered with the efiling portal, use the register. The above income tax rates are for general category men women who are below 60 years of age. Or else to known the latest amendments for the person having salary income, slab rates, importance of tds and much more keep reading. 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. Tds calculation sheet in excel and slabs for fy 201516 and. Budget 2015new tax slabs and rates for fy 201516 ay 201617.
This article provide quick excel income tax calculator for fy 201516 ay 201617 for individual resident whose age is below than 60 years i. 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 rates slab for assessment year 201415 previous year 2014 rates %age. Tax is charged at different rates on the range of income falling under different income tax slabs. Here, you need not download any software or excel for calculation click to. Income tax rates for individuals are same for fy 2015 16 and fy 201415. Abcaus excel based auto fill form 16 for ay 201516 fy 201415 is very simple and user friendly. Therefore, i thought to update the tax slab rates for fy 201516 ay 201617 considering the budget 2015. As there was no change in income tax slabs for fy 2015 16 i. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. However, the surcharge shall be subject to marginal relief where. Dec 20, 2015 fy 2015 16 tax rate applies to income earned between 1 st april 2015 and 31 st march 2016. Income tax slab rates for individual for fy 2015 16 ay 201617. Ca sandeep kanoi, income tax rate chart, income tax rates, rate chart, tax rate changes, tax rates.
Aug 18, 2016 here is a primer on income tax slab rates for ay 201617 fy 2015 16. Tds calculation sheet in excel and slabs for fy 201516. Individual residents who are above 80 yrs of age the tax on total income is exempted upto rs 5,00,000. For comfort in filling, the form has been divided into total of four sections. Rate of surcharge assessment year 202122 assessment year 202021. Income tax slabs for financial year fy 201516 sa post.
Income tax slabs for financial year 201516 or assessment year. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. Tds rate chart for fy 201920 ay 202021, tcs rates for fy. Ay is assessment year latest income tax rates for fy 201516. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Income tax slab rates 201718 pdf download ay 201819. 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. Quick excel income tax calculator for fy 201516 ay 201617. Download income tax calculator for fy 201516, download latest income tax calculator for ay 201617 or fy 201516 in excel format. Here a user can find latest articles and post related to finance and tax professional of india, and can also seek answers to questions through out q and a.
Simple income tax calculator cum flexi allocation kit, for the use of salaried employees of govt and private sector, basis the latest budget proposals. Apr 26, 2016 income tax calculator for financial year 2015 16 assessment year 201617 in excel format attached is the income tax calculator with flexi allocation kit for the fy 2015 2016. Assessments under income tax law income tax ratesipc, crpc. Itr 2a download for ay 201617, applicability of itr 2a. For comfort in filling, the form has been divided into total of. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000.
Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Ay is assessment year latest income tax rates for fy 2015 16. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Surcharge is levied on the amount of incometax at following rates if total income of an assessee exceeds specified limits. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. Apr 30, 2020 tds rate chart for fy 201920 ay 202021. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax rates 20142015 for filing individual tax returns. However, there are few changes to this budget when it comes to tax slabs. Income tax at a glance among direct taxes, income tax is the main source of revenue. 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.
A individuals born on or after 1st april, 1956 age less than 60 years. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. The following income tax rates are applicable for the financial year ending march 31, 2016 i. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Click here to save tax with hdfc lifes various online insurance products. Income tax slab rates for last 25 years in india 199293. Mar, 2015 many of you already know the budget implications on your finance. Income tax slabs and rates for fy 202021 bankbazaar. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Income tax slab rates for fy 201516 ay 201617 are as under. Budget 2015new tax slabs and rates for fy 201516 ay. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Download it slabs from fy 200809 to fy 201516 file in. Now you can scroll down below n download income tax calculator for fy 201516 in excel format.
Download pdf files for form 15g, form 15h, form 60, form 61. There is no change in the basic tax rate and exemption limit for individual, hindu undivided family, association of person, body of individuals and artificial juridical person in assessment year 201617 in comparison to a. 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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.
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. Many of you already know the budget implications on your finance. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Every year the income tax rates are changed and it is important to get the latest income tax rates. For income tax purpose citizens above age of 60 are considered as senior citizens and above age. Income tax slabs income tax rates and deductions for fy 2017. Income tax is imposed on the basis of ability to pay. Incometax slab rates for individual for fy 201516 ay. Jan 06, 2018 itr 2a download for ay 201617, applicability of itr 2a. Income tax slab rates for ay 20152016 financial year.
Assessments under income tax law income tax ratesipc. Income tax slabs and rates for the financial year 201516. 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. 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.
Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. Income tax archives page 8 of 32 caknowledge files. Therefore, i thought to update the tax slab rates for fy 2015 16 ay 201617 considering the budget 2015. The user is required to fill the data in a pop up form and excel form 16 is updated automatically with ease. Penalty on late filing of income tax return ay 201516 and fy 201415 update. Aug 04, 2014 tds rate chart fy 201415 ay 2015 16 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. The income tax slab is remain unchanged in this financial year. Surcharge of 7% is applicable if total income exceeds 1 crore. Detailed split for general, women, senior citizen etc are provided. As there was no change in income tax slabs for fy 201516 i. Here we provide all past years tds rate chart like tds rates for f. However, this benefit of rs2,000 tax credit will not be available if you cross the income range of rs 5 lakh. Here we are providing latest tds rates for ay 202021.
Employers will issue form 16, certificate under section 203 of the incometax act, 1961 for tax deducted at source from income chargeable under the head salaries for all the tax deducted at source while disbursing salaries. For senior citizens age 60 years or more but less than 80 years. Excel tds form16 automatic certificateay 201516 download. Income tax rates for financial year 201617 taxmann. Dividend distribution tax ddt for financial year 201516. Surcharge and education cess see note income tax slab rates 201718 pdf download. The tax slab rates for individual below 60 years and for nri aop boi hufajp.
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