Income tax slab financial year 2014-15 pdf

Now you can choose pdf or excel format for your reports. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Finance bill 2014 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a. The budget 2014 has changed the income tax slab rates slightly as compared to the income tax rates of financial year 2014. Financial year 201415 union budget 2014 has come with few changes to cheer up for common man. The income tax rate for nonindividual is provided in the union budget 2016, presented in parliament on 29th february 2016. 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 is imposed on the basis of ability to pay. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Rate of income tax for individual a slab rate assessment year 201415 highlights of change in direct taxes in the union budget 20 1. For individuals below 60 years age including woman assessees. Income tax table for the financial year 20142015 following is the table indicating the impact of changes in income tax provisions proposed by. Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. Rates of incometax for fy 201415 ay 201516 as per the finance no. The new itr forms have been released by cbdt for fy 201415 income tax returns filing. The new and revised income tax slabs and rates applicable for the financial year fy 2014 and assessment year ay 201415 are mentioned below. Last 25 years income tax rates linkedin slideshare. 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. Income tax ratesslab for assessment year 201718 previous year 201617 income tax rates for financial year 201415 and 20152016 are same, there is. Calculation of income tax for salaried employees bnn lakshmaji rao, assistant accounts officer.

Tax deduction under section 80u can be claimed in addition to all other income tax deductions available under income tax act 1961 unless. Income tax slab rates for individualhuf for fy 201415. In this budget, a full tax rebate was announced for all the tax paying assessees who have a taxable income of up to rs. Portable document format popularly known with its short form pdf was developed by adobe systems. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Assessment year 201415, relevant to financial year 2014. 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. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab. Income tax slab 201415 i the rates of incometax as applicable for assessment year 201516 in the case of every individual below the age of sixty years or hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or artificial juridical person. Income tax slab tells the tax rate at which you have to pay tax on income. Incometax slab rates for individual for fy 201516 ay. For income tax purpose citizens above age of 60 are considered as senior citizens and above age.

Income tax rates for financial year 201617 taxmann. Income tax slab rates for non individuals companies. Calculate income tax on earnings during financial year 201415 as per income tax slab rates. 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 202021 new income tax slabs, brackets. The latest news on income tax slabs for the financial year. The revised income tax slabs and rates for financial year 201920 the interim budget for 2019 was recently announced on 1 february 2019.

Ay 201516 as proposed by budget 201415 finance bill 201415. Assessment year 201415 financial year 2014 assessment year 2014 financial year 2012. Income tax rates 20142015 for filing individual tax returns. Income tax slab for filing tax return on income in india. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual.

Click here to see the income tax slab rates for fy 2014 or ay 201415. New income tax slabs for ay 1415 for resident senior citizens above 60 years. Click here to save tax with hdfc lifes various online insurance products. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. Various examples of calculation of income tax learn.

Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Download pdf files for form 15g, form 15h, form 60, form 61. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Tax rates for 20142015 year residents the basic tax scale and marginal rates for the 201415 financial year have been in place for three financial years. Tax deduction for physically disabled persons income tax. Many organizations choose pdf format especially for generating reports like tds, pf, esi, professional tax, payslips, offer letters, experience letters, importing and exporting data etc. Income tax rates applicable for individuals, hindu undivided family huf, association of.

Mytaxcafe provides free income tax tools and learning guides. The document provides you the details of the income tax slab for the financial year 201415. Download income tax calculator for fy 201415 ay 201516. The basic exemption limit has been increased from rs 2 lakh to rs.

Government of india has increased the basic personal income tax exemption limit from rs. Additional surcharge on income tax secondary and higher education cess on incometax. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. Although there is no change in the rate of tax, surcharge or cess but the maximum amount which is not chargeable to tax is increased by rs. Download income tax calculator fy 201415 ay 201516. Deduction under section 80u of income tax act 1961 can be claimed by an individual who is a resident in india for the financial year relevant to the assessment year in which the person is taking the benefit. The tax rates discussed in this part are applicable for assessment year 202021 i. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. Save tax with hdfc lifes various online insurance products. 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. Income tax slabtax rates for individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. 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.

As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. 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 201516 and ay 201617. Income tax slabs and tax rates in india for fy 202021. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi income slabs tax rates where the taxable income does not exceed rs. Income tax slab rates for individual for fy 201415 ay. The new income tax rates or income tax slabs are effective from april 01, 2012. Assessment year 201415 relevant to financial year 2014. Government of india income tax slab rates for ay 202014. X is 42 years old and her basic income tax exemption limit for financial year 201415 is rs. Income tax slabs for individuals are divided into 3 slabs.

Income tax amendment for the assessment year 201415. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax at a glance among direct taxes, income tax is the main source of revenue. Income tax slabs for financial year 201415 mytaxcafe. Thus, the effective tax slabs for the financial year 201920 are similar to that of the financial year 201819. However, the interim finance minister piyush goyal has announced that the individuals who are drawing an annual income of up to rs. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. There is no separate income tax slab for a woman tax payer. The budget 2014 has changed the income tax slab rates slightly as. Income tax rates for assessment year 199293 income slab rs.

Accordingly, following are the income tax brackets relevant for assessment year 201718 i. Income tax slabs income tax rates fy 2014 av 201415. Simple tax calculator for the use of salaried employees of govt and private sector, basis the latest budget changes. Calculation of tds on salary for fy 2014 ay 201415. It got the assent of the president of india on th may 2016. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person.

Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual. Download income tax calculator for fy 201516 ay 201617 income tax slab for fy 201415 ay 201516 the income tax slab has changed for general public and senior citizens. Income tax slabs for financial year 2014 goodreturns. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under.