India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Calculation of taxable income capital gains charitable trusts corporate taxes efiling of income tax returns esops fbt filing income tax returns forms download house property. Download indian income tax calculator fy 2014 in excel. Income above rs 10 lakh will now come under the 30% tax bracket. Given below are the various tables for the latest income tax slabs for the fy 20202021. Applicable tax rates in fy 2012 ay 20 14 for individuals april 22, 20 by alok patnia the slab of income tax rates for fy 2012 ay 20 14 is to some extent different from that of slab of fy 1112 ay 2012.
Income tax slabs for assessment year 2014 financial. 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. 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. It is well known fact that tax payers are now required to file their income tax return for the financial year 2012 relevant to the assessment year 20 14. 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. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax. Income tax calculator in excel format for assessment year 2014 or financial year 2012 calculates tax payable by you on various source of income. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry.
Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. New income tax slabs for ay 1415 for resident senior citizens above 60 years. In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old. Income tax 2014 changes in budget affecting salaried. Income tax slabs for financial year 2014 goodreturns. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Income tax rates for year 2014, 2012, 20112012, 20112011 for filing income tax returns in india for. 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. Income tax rates for assessment year 2014 2015 previous year 2014.
Fill up the relevant details to know your tax liability for fy 2014 income tax slabs for fy 20 14 education cess of 3% surcharge of 10% 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 income tax slab tax up to rs. Major changes in income tax returns fy 20 14 or ay 201415 by ankur srivastava uploaded on 06072014 you can give your feedback comments about this article. The union budget 2020 has brought a new income tax slab regime with reduced rates for those foregoing 70 tax exemptions and deductions under a simplified tax regime. Download itr1 sahaj and itr2 for the year 2012 ay 2014 by gconnect team last updated jul 3, 20 cbdt notifies itr for a. Apr 14, 2020 income tax slabs ay 201415 fy 20 14 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. Please give only relevant comments as irrelevant comments are waste of time for yourself and our other readers. For individuals, hufs and firms other than llp being a resident having total income upto rs. 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 financial year 2014 assessment. The only benefit this financial year is there is a tax credit of rs 2000 for people having an annual income up to rs 5 lakh. The above calculator is only to enable public to have a quick and an easy. Quick and easy presentation for saving tax in fy 2014 ay 201415.
In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Incometax slab rates for individual for fy 201516 ay 2016. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 2014 for resident senior citizens above 80 years fy 2012. Income tax slabs and rates for fy 202021 bankbazaar. Download income tax calculator for salaried person fy 201112. Here are the slabs for the income tax for the income incurring in fy 202014. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Please note the assessment year for this will be ay 202014. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s.
In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old regime. Calculate indian income tax with our free income tax calculator in excel, according to latest assessment year fy 2014. Income tax slabs income tax rates and deductions for fy 2017. A 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 income tax slab rates a. New income tax slabs for ay 2014 for resident senior citizens above 60 years fy 2012 s.
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. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs. Income tax rates 20142015 for filing individual tax returns. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Ebook how to file salary income tax return tax advice videos downloads. As there was no change in income tax slabs for fy 201516 i. The focus of presentation is to give you a quick, simple yet exhaustive list of tax saving sections options and respective investments. Union budget 20 14 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. The age of the individual is the factor to divide the slab rates in the income tax table.
Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 1415 for resident senior. Here is the ready reckoner of tax slabs for the financial year 20 14 which. Latest income tax slabs and rates for fy 2012 and as 2014. Updated income tax slabs for individuals, huf, association of persons aop and body of individuals boi for fy 201011.
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. Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Oct 15, 2012 income tax slab rates for financial year 2012 20 i. May 20, 2020 the union budget 2020 has brought a new income tax slab regime with reduced rates for those foregoing 70 tax exemptions and deductions under a simplified tax regime. Log on to efiling portal at if you are not registered with the efiling portal, use the register. Income tax slab for filing tax return on income in india. Nov 18, 2011 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 slab rates from ay 199293 to ay 201516 download income tax calculator for a. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014. Income tax slabs for assessment year 2014 financial year. Latest income tax slabs rates for fy 2012 and as 2014. 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.
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. Income tax slab for ay 202021 pdf download central. Itr1 sahaj, indian individual income tax return, english hindi print specifications for sahaj & sugam. 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 and super senior citizens age above 80 years. It can calculate tax for all categories of individuals including senior citizens and very senior citizens. 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. Every year the income tax rates are changed and it is important to get the latest income tax rates. Tax amendments to file incometax return for ay 2014. Income tax rates for financial year 2012 and ay 2014.
This is the income tax slabs for financial year 2012 and the analysis year 2014. It can calculate tax for all categories of individuals including. Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age. For assessment 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. Due dates for filing of income tax returns assessee due date companies required to submit transfer pricing audit report 30nov. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget.
Income tax 2014 changes in budget affecting salaried class. Income tax slab for fy 202021 pdf download income tax. The category of women below the age of 65 years has been removed. It covers all tax saving sections like sec 24,sec 80c,sec 80ccc,sec 80ccd,sec 80ccg,sec 80d,sec 80dd,sec 80ddb,sec 80ee,sec 80g,sec 80gg,sec 80gga,sec 80tta,sec 80u,sec 87a. Income tax slabs income tax rates and deductions for fy 2014.
Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. 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. Use our free income tax calculator for getting an idea of how much tax you will. In the case of a resident individual of sixty years or more but less than eighty years, the basic exemption limit is inr 250,000. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 20 14 for resident senior citizens above 80 years fy 2012. Tax returns esops fbt filing income tax returns forms download house property tax. Latest income tax slabs and rates for fy 2012 and as. New income tax slabs for ay 20 14 for resident senior citizens above 60 years fy 2012 s. Here is the ready reckoner of tax slabs for the financial year 2014 which. For those with an income between rs 25 lakh the tax deduction would be 10%. The previous income tax slab for year 201220 can be found here income tax slabs 2012. Apr 22, 20 the slab of income tax rates for fy 2012 ay 20 14 is to some extent different from that of slab of fy 1112 ay 2012.
Download itr1 sahaj and itr2 for the year 2012 ay 2014. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit.
Government of india income tax slab rates for ay 202014. Due dates for filing of income tax returns assessee due date companies required to. Calculate indian income tax with our free income tax calculator in excel, according to latest assessment year fy 20 14. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. This new tax system is optional and will coexist with the old one with three slabs and various exemptions and deductions available to the taxpayer. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. 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. This is the income tax slabs for financial year 2012 and the analysis year 20 14. Download income tax calculator for fy 201415 ay 201516. The previous income tax slab for year 2012 20 can be found here income tax slabs 2012. 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. Income tax rates for assessment year 20142015 previous year 2014.
For senior citizens age 60 years or more but less than 80 years. Apr 02, 20 keeping this in mind i have prepared a 43 slides presentation covering all sections under which you can save tax for this financial year fy 20 14 ay 201415. In the case of a resident individual of the age of eighty years or above. It is well known fact that tax payers are now required to file their incometax return for the financial year 2012 relevant to the assessment year 2014. There is no other benefit as compared to previous financial year. 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.
Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Tds calculation sheet in excel and slabs for fy 2014. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Tax slab for financial year 201415 assessment year 1516 for men below 60 years of age for senior citizens age 60 years or more but less than 80 years. The age groups are up to age 60, age 60 to 80 and above age 80. Oct 30, 20 tax calculator will make your income tax calculation very easy. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. Applicable tax rates in fy 2012 ay 2014 for individuals april 22, 20 by alok patnia 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. For income between rs 510 lakh the tax bracket will be 20%. 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 20 14. Aug 29, 2012 a quick look at income tax slabs in india for financial year 2012 20 and tax assessment year 20 2014. Tax calculator will make your income tax calculation very easy. Incometax slab rates for individual for fy 201516 ay. For income upto rs 2 lakh, the tax deduction will now be nil.
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