This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. Apr 08, 2015 find the income tax slab rates for the last 7 years all at one place 1 f. 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. 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. For general tax payers including women income slab tax rate 0 to 2,50,000 no tax 2,50,001 to 5,00,000 10% 5,00,001 to 10,00,000 20% above 10,00,000. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. Taxable income in 10% slab maximum tax will be rs 32000. Union budget of india proposed slight relief for salaried employees by increasing tax free limit to 2 lakhs. Rates of income tax as applicable to individuals, hindu undivided families huf and artificial jurisdictional person rates for the assessment year 20112012pag income tax rates assessment year 20112012. Income tax slab rates for last 25 years in india 199293 to.
Income tax slabs and tax rates in india for fy 202021. Income tax slab rates for financial year 2014 assessment. Other income taxed rst, then savings income and nally dividends. Last 25 years income tax rates linkedin slideshare. For individuals below 60 years age, other than woman assessees. Income tax slab rates for the last 7 years yash shindes. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years net income range income tax rates health and education cess up to rs. In the fy 201112 ay 2012 age limit for senior citizen is reduced to 60years who will get additional basic exemption limit of rs. New income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company. New march 16, 2012 finance minister pranab mukherjee today announced the indian budget for 2012, which also introduces revised income tax slabs for fy 201220. As there was no change in income tax slabs for fy 201516 i. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs.
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. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Income tax department income tax return statistics assessment. Income tax rates for assessment year 199293 income slab rs. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014. There are lot of changes in tax rates and cess in the last 25 years. Click here to read other articles of ca srikant agarwal. This is the income tax slabs for financial year 2012 and the analysis year 2014. Jan 24, 20 plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax.
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. Download income tax slab rates for fy 2012 file in docx. The amount of incometax shall be increased by education cess on. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2.
Plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. Income tax slab rates for financial year 2014 assessment year201415. Latest income tax slabs in india fy 201617 or as 201718. 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. Click here to save tax with hdfc lifes various online insurance products. 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 rates income tax slabs for ay 2012 individuals and hufs. Income tax department income tax return statistics assessment year 2012. In case of individual other than ii, iii and iv below and huf. 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. 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. Health and education cess is levied at the rate of 4% on the amount of incometax plus surcharge. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today.
Mar 16, 2012 new march 16, 2012 finance minister pranab mukherjee today announced the indian budget for 2012, which also introduces revised income tax slabs for fy 201220. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years net income range incometax rates health and education cess up to rs. How your income tax has changed over the last 9 years in budget 2010, income tax slabs were changed. We have attached below the excel file containing income tax calculator for financial year 2012 assessment year 2014 as modified by finance bill 2012 presented on 16th march 2012. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Rate of tax for individuals for financial year 2012 is as follows.
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 is one thing which every salaried man on the street is interested in. Income tax slabs and rates for fy 202021 bankbazaar. 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. Fintotal knowledge income tax slabs financial year 2012. 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 slabs for financial year 2014 goodreturns. 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. 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. Latest income tax slabs and rates for fy 2012 and as 2014. Income tax rates for financial year 2012 and ay 2014.
Other deduction from income under income tax fy 1112. 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. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Income tax ratesslabs for financial year 201112 assessment. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Income tax slab rates for the last 7 years yash shindes blog. Latest income tax slabs and rates for fy 2012 and as 2012. May 05, 2011 in the fy 201112 ay 2012 age limit for senior citizen is reduced to 60years who will get additional basic exemption limit of rs. Assessment year 2012 , relevant to financial year 201112. Income tax slab tells the tax rate at which you have to pay tax on income. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. 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. Given below are the various tables for the latest income tax slabs for the fy 20202021. Income tax rates income tax slabs for assessment year.
Jan 29, 2018 how your income tax has changed over the last 9 years in budget 2010, income tax slabs were changed. Use our free income tax calculator for getting an idea of how much tax you will. For general tax payers including women income slab tax rate 0 to 2,50,000 no tax 2,50,001 to 5,00,000 10% 5,00,001 to 10,00,000 20% above 10,00,000 30% b. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. The average salary income is the average salary income within the value range slab i. The average salary income is the average salary income within the value.
Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Have a look at the past 25 years income tax slab rates for individuals in india. Income tax 2012 slabs for different categories depending on annual income. Every year the income tax rates are changed and it is important to get the latest income tax rates. How your income tax has changed over the last 9 years. Additional deduction for investing up to rs 20,000 in infra bonds under sec 80ccf. The file also contains rate of tax for last 16 financial year i. New income tax slabs for 201011, 201112, update 2012. Income tax 2012 slabs and deductions permitted indian. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Income tax slabs income tax rates fy 2014 av 201415. Income tax rates for assessment year 2012 resident senior citizens above 80 years super senior citizens. Find the income tax slab rates for the last 7 years all at one place 1 f.
Sum of salary income divided by total number of returns within the value range slab. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Please note that the income of financial year 201220 is taxable at the tax rate applicable for assessment year 202014. Tax slab for financial year 201220 file income tax. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Oct 10, 2012 how to calculate tds tax on salary fy 2012 ay2012 20 0 raj kumari wednesday, october 10, 2012 edit this post section 192 of the income tax act, 1961 deduction of tax at source salary income tax deduction from salaries under section 192 during the financial year 2012. Income tax slabs for fy 2012, what are income tax rates for individuals, hufs, firms and corporate. 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. 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. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax slabs and rate chart for ay 2014 fy 2012. P en s ion premi u m s 2012 and 201112 t tax relief available for personal contributions. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today.
Another significant change in this budget was abolishing lower tax slab for women. Lets first understand what is income tax slab in india. Latest income tax slabs for fy 20112012 here are the latest slabs for the income tax for the income incurring in fy20112012. Income tax slabs financial year 2014 rgess eligible nsebse shares list. The income tax exemption limit has been increased to rs. The rates of tax and level of total income are as under. 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.
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