Professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business. Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. People of kashmir and floodhit districts can file gstr till. Income tax slab for fy 2015 16 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. Download income tax calculator for fy 201415 ay 201516. Fill up the relevant details to know your tax liability for fy 201516 income tax slabs for fy 201516 ay 201617 general public income tax slab education cess of 3% surcharge of 12% 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 tax.
Income tax slab rates for fy 2015 16 ay 201617 are as under. If you can not file the return within the due date, you can still file the belated return us 94 upto 31. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. But the tax slabs have not been changed for the last few years. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol.
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 individuals below 60 years age including woman assessees. The age groups are up to age 60, age 60 to 80 and above age 80. Please click here for latest personal income tax rates income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Surcharge shall not exceed the amount of income that exceeds rs. Hope, now you all know the income tax rates on partnership firm. There are lot of changes in tax rates and cess in the last 25 years.
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. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. 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 age of the individual is the factor to divide the slab rates in the income tax table. Union budget 201516 and 201415 have not altered the rebate available under section 87a for fy 201516, 201415 or ay 201617, 201516 meaning thereby that effectively there will be no income tax payable up to the total income of rs.
Income tax slabs for filing tax return for individuals and hufs. You can complete filing your income tax return in just 15 minutes using the website or the mobile app. Income tax rates for assessment year 20162017 previous year 201516 income tax rates. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt.
Income tax rates on partnership firm for ay 201516 cakart. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Latest income tax slabs and rates for fy 201516 and ay 201617. Tds on pensions to be deducted by bankers dated 06. This form of tax is in practice for a long time and states were continue reading professional tax for the financial.
We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Availabilityincome tax rebate section 87a fy 201415 ay. Income tax slabs and rates for fy 202021 bankbazaar. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. 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 slab for filing tax return on income in india. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16 latest income tax slabs in india fy 201617 or as 201718. Incometax slab rates for individual for fy 201516 ay 201617. Jul 11, 2014 income tax rate chart income tax slabs as applicable for assessment year 2015 16 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. Accounting entries of depreciation what is accrual. Central board of direct taxes cbdt has directed all banks to treat pension paid by them as equivalent to salaries and deduct tds for the financial year 201819 as being deducted for the salaries, vide their circular no 012019 dated 01. The tax department said the updated deadline for filing the tax for the mentioned states will be on september 20. Download pdf files for form 15g, form 15h, form 60, form 61. Income tax income tax rates ay 201516 fy 2014 referencer. Ay is assessment year latest income tax rates for fy 2015 16. Union budget 2015 16 and 201415 have not altered the rebate available under section 87a for fy 2015 16, 201415 or ay 201617, 2015 16 meaning thereby that effectively there will be no income tax payable up to the total income of rs.
Income tax slabs and rates for fy 202021 last updated. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. Income tax calculator for fy 2015 16 ay 201617 351. A individuals born on or after 1st april, 1956 age less than 60 years. Income tax return statistics assessment year 2015 16 version 1. Assessment personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. Hence this provision continues for ay 201516 as well. Income tax slab for fy 202021 pdf download income tax. Jul 14, 2016 this file contain personal income tax slab rate from fy 2008 09 to 2015 16. The basic exemption limit has been increased from rs 2 lakh to rs. Incometax slab rates for individual for fy 201516 ay 2016. Professional tax for the financial year 201516 monday, march 30th, 2015 amritesh 179 responses 151 views professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or carry out some form of business. Government of india income tax slab rates for ay 20142015.
The above income tax rates are for general category men women who are below 60 years of age. Due date of filing income tax return for the ay 2015 16 has been extended by cbdt from 31st july 2015 to 31st august 2015. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. Tax slab for financial year 201516 assessment year 1617. As there was no change in income tax slabs for fy 201516 i. Income tax slab rates for individual for fy 2015 16 ay 201617 income tax slab rates for individual for fy 201415 ay 2015 16. 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 rates for fy financial year 201415 ay assessment year 2015 16 final,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will. The finance ministry on saturday extended the deadline to file gst return for people of jammu and kashmir and 58 floodaffected districts of 7 states. Download it slabs from fy 200809 to fy 201516 file in pdf. Government of india income tax slab rates for ay 20152016. As there was no change in income tax slabs for fy 2015 16 i.
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. Income tax slab rates 202021 pdf download ay 202021. Income tax rates on partnership firm for ay 2015 16. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. The national board of revenue nbr is the apex authority for tax administration in bangladesh. We will cover other aspects like filing of income tax return of partnership firm, assessment of partnership firms and book profit. Assessment year 201516, relevant to financial year 201415. Availabilityincome tax rebate section 87a fy 201415 ay 201516. Income tax slabs and rates for assessment year 201516 cakart. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india.
Income tax slab rates for financial year 201516 assessment. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Income tax slab rates for last 25 years in india 199293 to. Income tax slab rates from ay 199293 to ay 201516 a. Incometax slab rates for individual for fy 201516 ay.
Feb 14, 2020 income tax slab rates for ay 2015 16 fy 201415 resident individuals aged less than 60 years male or female income range tax rate. Apr 06, 2015 complete details of tds rate changes for financial year 2015 16 tcs rate changes, due date to deposit tds, due date for form 16, due date for form 16a, due date for etds return form 24q,penalty and interest provision for late deposit of tds,consequences for default in filing of e tds return, tds rate applicable in case of non submission of pan,tds rate applicable on service tax or not. Oct 16, 2015 income tax slab rates from ay 199293 to ay 2015 16 a. Income tax slabs income tax rates fy 201415 av 201516. Know more about income tax slabs and rates for assessment year 201516. The tax rates discussed in this part are applicable for assessment year 202021 i.
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