Nnew income tax slab 2013-14 pdf

Every year the income tax rates are changed and it is important to get the latest income tax rates. The budget 2014 has changed the income tax slab rates slightly as compared to the income tax rates of financial year 2014. Tax return for individuals 2014 australian taxation. For normal category the simple calculation is as follows. 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 the last 7 years yash shindes. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slabs income tax rates and deductions for fy 2014. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. This is the income tax slabs for financial year 2012 and the analysis year 2014. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit.

The tax slab for financial year 202014 is the same as that of financial year 201220. Income tax budget 2020 proposes crucial changes in income tax rates 202021. Income tax 2014 changes in budget affecting salaried. Taxable income in 10% slab maximum tax will be rs 32000. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for financial year 2014. Last 25 years income tax rates linkedin slideshare. Income tax slabs and rates for fy 202021 bankbazaar. Have a look at revised income tax slabs and know how much will you save in new tax regime. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs. New income tax slabs for ay 1415 for resident senior citizens above 60 years. Due dates for filing of income tax returns assessee due date companies required to submit transfer pricing audit report 30nov. Income tax rates for assessment year 199293 income slab rs. Tax rates as applicable for different persons for the a.

The previous income tax slab for year 201220 can be found here income tax slabs 2012. Income tax slabs and rate chart for ay 2014 fy 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. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. For senior citizens age 60 years or more but less than 80 years. Income tax slab tells the tax rate at which you have to pay tax on income. Tax return for individuals 2014 sensitive when completed page 3 i if you completed the tax return for individuals supplementary section 2014, write here the amount from total supplement income or loss on page 15. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. In the case of a person being an individual where the total income includes income chargeable to income tax, under the head. 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.

This is the new chapter introduced in income tax rule as per finance act, 20 section 87a of the income tax act, 1961. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. 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. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Here are the slabs for the income tax for the income incurring in fy 202014. New income tax return forms 2014 assessment year return forms for assessment year 2014. For resident woman who is below 65 years of age at any time during the previous year. Calculate tax liability for ay 201415 income slabs tax ratesi. Here is the ready reckoner of tax slabs for the financial year 20 14 which. How your income tax has changed over the last 9 years.

Please find given below the forms issued by income tax department for returns filing as per categories mentioned below. Almost the slabs and rates for income tax 2014 are similar to previous year i. Union budget 20 14 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. 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. Income tax slabs for financial year 2014 goodreturns. Latest income tax slabs and rates for fy 2012 and as. Some schedules were specifically updated for 2014 and are separately grouped below. Heres how the income tax slabs, surcharges and deduction limits have changed over the past nine years 200910 basic exemption limit raised to rs 1. Income tax slabs for assessment year 2014 financial. Tax return for individuals 2014 australian taxation office. Please note that the income of financial year 202014 is taxable at the tax rate applicable for assessment year 20142015. New sec 80tta exempts up to rs 10,000 interest earned on bank balance.

Income tax rates for financial year 2012 and ay 2014. Use individual tax return instructions 2014 to fill in this tax return. 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. 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. Surcharge of 10% will be payable, if income is above rs 1 crore.

The basic exemption limit has been increased from rs 2 lakh to rs. 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. For assessment year 20 14, additional surcharge called the education cess on income tax and secondary and higher education cess on income tax shall continue to be levied at the rate of two per cent. Latest income tax slabs rates for fy 2012 and as 2014. New income tax slabs for ay 2014 for resident senior citizens above 60 years fy 2012 s. Net income range income tax rates surcharge education cess upto rs. 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 2014 for resident senior citizens above 80 years fy 2012. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax slabs ay 201415 fy 20 14 income tax slabs ay 201516 fy 201415 income tax slabs ay 201617 fy 201516 income tax slabs ay 201718 fy 201617 income tax slabs ay 201819 fy 201718 income tax slabs ay 201920 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for financial year 20 14. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs.

Income tax rates income tax slabs for assessment year. 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. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. As per the finance act, 2012, incometax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf.

Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs. 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. Please click on the links below to view the income tax also written shortly as i. 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. Given below are the various tables for the latest income tax slabs for the fy 20202021. Income tax slabs income tax rates fy 2014 av 201415. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age.