Income tax slab rate for fy 2012-13 pdf merge

Income tax slab rates for ay 20142015 and financial year 2014 income tax slabs and rates are changed almost every year. Senior citizen 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. The exemption limit has been raised from 180000 to rs. The amount of income tax shall be increased by education cess on income tax at the rate of two per cent of the income tax. Income tax slabs ay 201011 fy 200910 income tax slabs ay 201112 fy 201011 income tax slabs ay 2012 fy 201112 income tax slabs ay 2014 fy 2012 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. Sum of salary income divided by total number of returns within the value range slab. 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. For those with an income between rs 25 lakh the tax deduction would be 10%. Another significant change in this budget was abolishing lower tax slab for women. 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 amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax.

The average salary income is the average salary income within the value range slab i. Net income range incometax rates health and education cess up to. Additional surcharge on income tax secondary and higher education cess on incometax. Women are also brought under the same tax slab and now there will be no gender discrimination. Section 80tta has been introduced from the financial year 2012 and it allows to. Income tax slabs income tax rates fy 2014 av 201415. Here is the ready reckoner of tax slabs for the financial year 2014 which. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs. Currently we have listed slab rates from assessment year 199293 to 2014. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess.

Form3 for the assessment year 201920 relating to the financial year 201819. For normal category the simple calculation is as follows. These rates are subject to enactment of the finance bill 2012. Income tax department income tax return statistics. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. For individuals, huf, association of persons aop and body of individuals boi. Income tax is one thing which every salaried man on the street is interested in. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. 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. Accordingly separate rates of tax have been proposed where last slab rate. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income tax rates for financial year 2012 and ay 2014.

The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. Fintotal knowledge income tax slabs financial year 2012. This category is abolished from this year and is thus is same as that of. Income tax department income tax return statistics assessment year 2012. 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. Income tax slabs for financial year 2014 goodreturns. Rate of tax for individuals for financial year 2012 is as follows. Please note the assessment year for this will be ay 202014. Salary income must be more then exemption limit after deductions.

Latest income tax slabs in india fy 201617 or as 201718. Every year the income tax rates are changed and it is important to get the latest income tax rates. The rates of tax and level of total income are as under. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Given below are the various tables for the latest income tax slabs for the fy 20202021. What is income tax, income tax slab for fy 201718, e. Latest income tax slabs rates for fy 2012 and as 2014.

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. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Income tax slabs and rates for fy 202021 bankbazaar. The amount of incometax shall be increased by education cess on income tax at. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay.

Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Tdstax deducted at source rate chart for financial year 2012 is given below. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Income tax slab rates for last 25 years in india 199293. Latest income tax slabs and rates for fy 2012 and as 2014. Simple income tax calculator fy 201516 xls download archive income tax calculation sheet fy 201415, ay 201516 archive confusion on income tax tds calculations for fy 2012 archive. Download income tax slab rates for fy 2012 file in docx. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.

There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Income tax slabs and rate chart for ay 2014 fy 2012. Energy sector has witnessed 12% growth during fy 2015 and fy 2016 which in. Income above rs 10 lakh will now come under the 30% tax bracket. Income tax slab rates for ay 20142015 and fy 202014. We have provided the latest income tax slabs for financial year 2014 or assessment year 201415 almost the slabs and rates for income tax 2014 are similar to previous year i. 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. Fintotal knowledge the best place to learn more on personal finance. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets.

As there was no change in income tax slabs for fy 201516 i. The language is simplified and written specially for non finance background individuals. For senior citizens age 60 years or more but less than 80 years. Senior citizenbetween 60 yrs to 80 yrs for very senior citizensabove 80 years basic exemption. This page is updated yearly with the indian income tax slab rates. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. The present circular contains the rates of deduction of incometax. Income tax slab rates for fy 201617 ay 201718 budget. Let us help you manage your money in a affordable rate. Latest income tax slabs and rates for fy 2012 and as. 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. Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs. 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. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014.

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. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax ratesslab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the. The basic exemption limit has been increased from rs 2 lakh to rs. 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. For income upto rs 2 lakh, the tax deduction will now be nil. Income tax calculator new scheme vs old scheme and consent letter for fy 202021. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Tds us 192 is above taxable limit, the deductor will calculate the average rate of. The union budget 201220 announced by finance minister pranab mukherjee has amended the tax slab for individuals. Taxable income in 10% slab maximum tax will be rs 32000. 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.