Tax slab for fy 2013 14 pdf files

In the year 2014 the government of india introduced rebate us 87a. Professional tax in gujarat 20 14 pdf i have require your suggestion for it. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Income tax rates for financial year 2012 and ay 2014. Income tax slab tells the tax rate at which you have to pay tax on income. New sec 80tta exempts up to rs 10,000 interest earned on bank balance. Fill up the relevant details to know your tax liability for fy 2014 income tax slabs for fy 20 14 education cess of 3% surcharge of 10% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female income tax slab tax up to rs. Tax rebate us 87a claim upto rs 2000 tax rebate, if the taxable income doesnot exceed rs 5 lakh. Older income tax rates applicable for the financial income tax slab 2014 fy and assessment year ay are mentioned below. Calculate your tax based on the tax slabs for year 20162017. Click here to save tax with hdfc lifes various online insurance products. After changing of these limits and changes in maximum benefits to female is rs.

Please note that the income of financial year 201220 is taxable at the tax rate applicable for assessment year 202014. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories. This rebate provides benefit from your taxes payable. Income tax slabs for filing tax return for individuals and hufs. Tds from salary during financial year 2014 pdf download. However, income tax slab 2014 branded silver jewellery is fully exempted from excise duty. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. Select, 202122, 202021, 201920, 201819, 201718, 201617, 201516. Calculate indian income tax with our free income tax calculator in excel, according to.

Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. India income tax slab and rates for tax filing, free income tax calculator, finance news and more. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Detailed split for general, women, senior citizen etc are provided. In other words, in this year, the taxpayers were not given any extra relief in. A quick and simple deck covering all tax saving investments available for individuals in india for fy 2014 ay 201415. 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. Indian income tax slab rates updates this page is updated yearly with the indian income tax slab rates. Download indian income tax calculator fy 2014 in excel.

Income tax slab for filing tax return on income in india. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slabs for assessment year 2014 financial. O 1sahaj o 2 o 3 o 45sugam o 4 o 5o 7o for assessment year, having the following particulars. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. Additional surcharge on income tax secondary and higher education cess on. Income tax slabs income tax rates fy 2014 av 201415.

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. If the document is not furnished before the due dates for filing proofs on taxsaving. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Tax calculator will make your income tax calculation very easy. In the union budget 2012, finance minister pranab mukherjee has given a marginal benefit on the much awaited income tax slabs. Surcharge on income tax if the total taxable income exceeds rs 1 crore, there will be sucharge of 10% of tax payable. India income tax slabs 202014 for general tax payers and women. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 1415 for resident senior. Every year the income tax rates are changed and it is important to get the latest income tax rates.

Currently we have listed slab rates from assessment year 199293 to 2014. The new article has the tax slabs for 201415 and all the investments you can make and provisions you can use to save tax. The tax slab for financial year 202014 is the same as that of financial year 201220. Further tax slab for 20% has not extended from 8,00,000 to rs. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 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. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. For the fy 201920 if you are having taxable income upto rs. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry.

Income tax slabs and rates for fy 202021 bankbazaar. Income tax slab from assessment year 20012002 to a. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. After the honble president has given assent to the finance bill, 2015 on thursday, may 14, 2015, the ministry of finance, department of revenue vide notification no. Revised service tax rate 14% applicable from june 1. Rates of incometax in the case of every individual other than those mentioned in ii and iii. Tax new amendment in gujarat slab pdf download citehr. How your income tax has changed over the last 9 years. In the latest budget announcement on 16th march 2012, the financial minister. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate.

Arun jaitley presented the union budget on 29 february 2016. This benefit can be claimed when your taxable income does not exceed prescribed limits for the relevant financial year. New income tax slabs for ay 1415 for resident senior citizens above 60 years. The income tax rates applicable for financial year 202014 or in other words for assessment year 20142015 have been summarized below. Latest income tax slabs and rates for fy 2012 and as. The biggest beneficiaries would be people having income between rs.

It covers all tax saving sections sec 80c, sec 80ccc, sec 80ccd, sec 80d, sec 80ddb, sec 80dd, sec 80u, sec 80g, sec 80gga, sec 24, sec 80ee, sec 80gg, sec 80ccg, sec 80tta, sec 87a. As there was no change in income tax slabs for fy 201516 i. 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 slabs income tax rates and deductions for fy 2014. Following are the major highlights of the latest income tax slab. India income tax slabs 20162017 for general tax payers and women. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets.

Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Rates of incometax fy 2014 ay 201415 as per finance act, 20 as per the finance act, 20, incometax is required to be deducted under section 192 of the act from income chargeable under the head salaries for the financial year 2014 i. The basic exemption limit has been increased from rs 2 lakh to rs. Given below are the various tables for the latest income tax slabs for the fy 20202021. The new professional tax slab applicable in gujarat for fy 20 14 is as under. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. Latest income tax slabs rates for fy 2012 and as 2014.

Ay 201516 as proposed by budget 201415 finance bill 201415 income tax slabtax rates for individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. 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. Hi kindlyclarify whether rebate u s 87a for fy 20 14 is applicable onthe amount of taxablesalary after all deductions including chapter vi a deduction or from total earnings including basic da hra conveyance etc thank you ronald income tax. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. Income tax rates tax slab for ay 20142015 fy 202014. Income tax slabs for financial year 2014 goodreturns. How to file itrtax savingitr formsincome tax refundtax exemption limitincome tax slabs business news. Here are the slabs for the income tax for the income incurring in fy 202014. Income tax rates for assessment year 20142015 previous year 2014 income tax rates.