Fintotal knowledge the best place to learn more on personal finance. Last 25 years income tax rates linkedin slideshare. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. 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 slabs income tax rates fy 201112 av 2012. Jan 29, 2018 how your income tax has changed over the last 9 years in budget 2010, income tax slabs were changed. Aug 31, 2011 income tax rates slabs for the financial year 20112012 a. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories. Click here to save tax with hdfc lifes various online insurance products. Latest income tax slabs for fy 2011 2012 here are the latest slabs for the income tax for the income incurring in fy2011 2012. Because now i can see column for tuition feed in current tax form paid during current financial year. Surcharge of 10% will be payable, if income is above rs 1 crore. 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.
Income tax slab tells the tax rate at which you have to pay tax on income. Income tax rates income tax slabs for assessment year. The language is simplified and written specially for non finance background individuals. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Fintotal knowledge income tax slabs financial year 2012. Currently we have listed slab rates from assessment year 199293 to 2014. Plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. Latest income tax slabs in india fy 201617 or as 201718. Income tax slabs 202021 new income tax slabs, brackets.
Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. For individuals below 60 years age, other than woman assessees. The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 2011 2012. Latest income tax slabs in india fy 201617 or as 201718 income range. This means that there will be no tax if total income of individual is up to rs. The finance minister has proposed to tax the super rich by increasing surcharge from 12% to 15% if the income earned is more than rs. The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 20112012. But tuition fees while my education was not utilized for any type of exemption at that time so i must get chance to have that benefit now because now i am repaying that amount. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Income tax is one thing which every salaried man on the street is interested in. Articles explains rates of incometax 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 201516 i. There are lot of changes in tax rates and cess in the last 25 years. Jul 27, 2011 income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000.
Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. 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. This is the income tax slabs for financial year 2012 and the analysis year 2014. The highest tax slab has now been raised from rs 5 lakh to rs 8 lakh. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. India income tax slabs for assessment year 2012 financial year 20112012 general tax payers income tax slab in rs. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Here is the ready reckoner of tax slabs for the financial year 2014 which will help you while filing your taxes.
We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Income tax slabs for assessment year 2014 financial. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Taxable income in 10% slab maximum tax will be rs 32000. Additional deduction for investing up to rs 20,000 in infra bonds under sec 80ccf. Income tax rates slabs for the financial year 20112012 a.
The following it rates were applicable for the financial year ending march 31, 2014 financial year 2014assessment year 201415. Income tax ratesslabs for financial year 201112 assessment. Income tax slabs financial year 2012 get updates on smart money managing tips. 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. Income tax slab rates of previous years 2012, 20, 2014 newer post older post home. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. Income tax slab rates for last 25 years in india 199293 to. 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 slab rates for last 25 years in india 199293. Income tax rates for fy financial year 201112 ay assessment year 2012 , for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Computation of age if an individual attains age of 60 or 80 during the year, then his age should be regarded as 60 or 80 as. Please note that the income of financial year 2012 20 is taxable at the tax rate applicable for assessment year 202014. Income tax slabs for assessment year 2014 financial year.
Income tax slab rates for financial year 201516 assessment year201617. Income tax slabs financial year 2014 rgess eligible nsebse shares list. Income tax rates, income tax slabs for assessment year 2012 by vishal vijay gupta and co. Income tax slab rates for financial year 201718 have not been changed much in budget 2017. Assessment year 2012 , relevant to financial year 201112. Indian income tax slab rates updates this page is updated yearly with the indian income tax slab rates. Assessment year 201220 relevant to financial year 20112012 i tax rates for individuals other than ii, iii & iv below. Apr 19, 2019 income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. 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.
There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. The tax rates discussed in this part are applicable for assessment year 202021 i. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. 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 201617 save tax with hdfc lifes various online insurance products. Income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000 upto 2 50 000 2 10 00 2 00 001 to 5 00 000 2 00 001 to 5 00 000 2 50 001 to 5 00 000 3 20 00 5 00 001 to 10 00 000 5 00. It is to be noted that in the financial yearthe slabs and tax rates were kept at the same level as those in the previous financial year yes, add me to your mailing list. 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 2. Income tax slabs for fy 2012, what are income tax rates for individuals, hufs, firms and corporate. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Oct 12, 2012 as per the finance act, 2012, income tax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf, is as follows.
These rates are subject to enactment of the finance bill 2012. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Who is 60 years or more at any time during the previous year,but less than 80 year as on the last day of the previous year i. Another significant change in this budget was abolishing lower tax slab for women. Income tax slabs for fy 201220 in the latest budget announcement on 16th march 2012, the financial minister, pranab mukherjee, announced raising the tax exemption limit from the curent level of rs 1. Save tax with hdfc lifes various online insurance products. Latest income tax slabs and rates for fy 2012 and as 2014. 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 201617.
Have a look at the past 25 years income tax slab rates for individuals in india. How your income tax has changed over the last 9 years in budget 2010, income tax slabs were changed. New income tax slab for financial year 201617 mytaxcafe. Income tax slabs for financial year 2014 goodreturns. Income tax slab rates for financial year 201617 have not been changed much in budget 2016. For normal category the simple calculation is as follows. Income tax slab rates for financial year 201516 assessment. Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs.
Income tax rates for financial year 2012 and ay 2014. Latest income tax slabs and rates for fy 2012 and as 2012. Income tax rates income tax slabs for assessment year 2012. Income tax rates for assessment year 199293 income slab rs. Latest income tax slabs rates for fy 2012 and as 2014. New income tax slab for financial year 201718 mytaxcafe. 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 rates for assessment year 2012 resident. Jan 24, 20 plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. Income tax slabs for fy 2012 20 in the latest budget announcement on 16th march 2012, the financial minister, pranab mukherjee, announced raising the tax exemption limit from the curent level of rs 1. May 05, 2011 tax slab of the current assessment year ay i.
Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Latest income tax slabs and rates for fy 2012 and as. Income tax slabs income tax rates fy 2014 av 201415. 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. Please click on the links below to view the income tax also written shortly as i. How your income tax has changed over the last 9 years. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Please note that the income of financial year 201220 is taxable at the tax rate applicable for assessment year 202014. Applicable to individual male below the age of 60 years and huf. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014.
Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021 income tax slab rates help you decide whether your income is taxable or not. For senior citizens age 60 years or more but less than 80 years. Income tax rates for fy financial year 201112 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories. Income tax rates for fy financial year 2012 ay assessment year 2014, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. India income tax slabs for assessment year 2012 financial year 2011 2012 general tax payers income tax slab in rs. 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. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021.
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