This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. The amount of rebate is 100 per cent of income tax or rs. I want to know the tax liability of an individual for ay 201112 in case that he was resident of india till may 2010 and then settled in another country and earns income there. Indian tax guide an initiation to get general public. Latest income tax slabs and rates for fy 2012 and as 2012. Income tax brackets in india, income tax slabs, latest income tax slabs. Currently we have listed slab rates from assessment year 199293 to 2014. 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. Individual resident or nonresident, who is of the age of less than 60 years on the last day of the relevant previous year. Use our free income tax calculator for getting an idea of how much tax you will. Past 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415. Income tax slab rate for ay 202122 for individuals opting for old tax regime.
These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. For resident woman who is below 65 years of age at any time during the previous year. 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. In case of individual other than ii, iii and iv below and huf. Indian income tax slab rates updates this page is updated yearly with the indian income tax slab rates. Click here to save tax with hdfc lifes various online insurance products. 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. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and information. Income tax slabs income tax rates fy 201112 av 2012.
This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax slabs for assessment year 2014 financial. 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. 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. The basic exemption limit has been increased from rs 2 lakh to rs. 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. Tax rates as applicable for different persons for the a. 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. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. The tax rates discussed in this part are applicable for assessment year 202021 i.
Super senior citizens whose age is 80 years and above. What is income tax, income tax slab for fy 201718, e. The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 20112012. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. For individuals below 65 years age, other than woman assessees. Latest income tax slabsrates for fy 201718, ay 201819. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. 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.
Special rates long term capital gains a on equity shares and units. Assessment year 2011 12, relevant to financial year 201011. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Income tax slabsrates for fy 201718 and useful income tax deductions. Senior citizens whose age is 60 years and above but less than 80 years.
Income tax slab for financial year 201415 posted on. Income tax rates for the assessment year 20102011 tax. Latest income tax slab rates fy 201819 ay 201920 there are three categories of individuals based on the age of taxpayer. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Income tax slab rates for last 25 years in india 199293.
Income tax rates for financial year 2012 and ay 2014. It is deductible from income tax before calculating education cess. For individuals, huf, association of persons aop and body of individuals boi. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. For a complete income tax guide, visit our bookstore and check out taxmanns online module which comprises an allinclusive database. Income tax slab tells the tax rate at which you have to pay tax on income. The amount of incometax and surcharge shall be further increased by education cess of 3% on incometax plus surcharge. 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. Income tax slabs for financial year 2014 goodreturns. Income tax slabs for assessment year 2014 financial year 201220 india income tax slabs for. Have a look at the past 25 years income tax slab rates for individuals in india. Looking for the income tax slabs and rates for the financial year 201011 or assessment year 2011 12.
The highest tax slab has now been raised from rs 5 lakh to rs 8 lakh. Long term capital gains a on equity shares and units. Tax rate for ay 201112 on income, dividend, wealth, mat. Nonresident individualhuf net income range income tax rates health and education cess up to rs. For normal category the simple calculation is as follows. Income tax slabs and rates for fy 202021 bankbazaar. Long term capital gain arising on transfer of equity shares in a recognized stock exchange in india or units of an equity oriented mutual fund if 65% of total proceeds of the fund are invested in equity shares, and on which securities transaction tax is chargeable. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Here is the ready reckoner of inomce tax slabs for the financial year 2014 which will help you while filing tax. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. Add surcharge surcharge is 10% of income tax rebate us 88e is not available w. If you have paid any extra amount of tax, then that gets refunded back to the taxpayers account from the departments end. Income tax slab for financial year 201415 mytaxcafe. This is the income tax slabs for financial year 2012 and the analysis year 2014.
Taxable income in 10% slab maximum tax will be rs 32000. Given below are the various tables for the latest income tax slabs for the fy 20202021. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Income tax rates income tax slabs for ay 2012 individuals and hufs. Net income range income tax rates surcharge education cess upto rs. India income tax slabs for assessment year 201112 financial year 20102011 general tax payers.
71 532 1558 424 293 1302 94 582 861 1562 372 1210 592 1488 1393 1370 1569 1219 1082 1082 1458 551 1355 207 1131 1129 490 302 42 1301 433 820 408 1377 1100 1486 1186 882 79 465 138 1091 910 541 1408 582 233 1372 114 740