Income tax slab rate ay 2015-16 pdf

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. Tax slab for financial year 201516 assessment year 1617. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. For general tax payers including women income slab tax rate 0 to 2,50,000. Income tax slabs income tax rates fy 201415 av 201516. The basic exemption limit has been increased from rs 2 lakh to rs. The tax slab rates for individual below 60 years and for nri aop boi hufajp. Depreciation rate chart as per it ay 201516 simple tax india. Finally, income tax slab rates for salaried class in pakistan 202021 has published in the month of june. More number of taxpayers are brought under surcharge with this move of making surcharge applicable to the slab of income between rs. Rates of income tax for fy 201516 ay 201617 cabharatbshah. Assessments under income tax law income tax ratesipc.

For normal category the simple calculation is as follows. Income tax at a glance among direct taxes, income tax is the main source of revenue. Income tax service tax key highlights for fy 201516 ay 201617 click here section 87a rebate availability for fy 201516 ay 201617 click here income tax basic exemption limit slab fy 201516. Income tax slabs and rates for assessment year 201516 cakart. But the tax slabs have not been changed for the last few years. Apr 10, 2018 income tax slab rates for individual for fy 2015 16 ay 201617 steps to file your indian income tax return quickly with revise correct your income tax return. Here is a primer on income tax slab rates for ay 201617. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens.

Oct 14, 2019 government of india has increased the basic personal income tax exemption limit from rs. Hdfc life provides the latest income tax slab rates in india for different age groups and tax benefits offered by various life insurance policies, for the financial year 201718. 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. The above income tax rates are for general category men women who are below 60 years of age. It slabs from fy 200809 to fy 201516 income tax caclubindia. Those adjustments to the tax scale for 2015 16 were to. We will cover other aspects like filing of income tax return of partnership firm, assessment of partnership firms and book profit. Income tax rates slab for assessment year 201415 previous year 2014 rates %age. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Lower limit upper limit fixed amount addition income tax rate % 1 0 600,000 0 0. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. Rates of incometax for fy 201415 ay 201516 as per the finance no.

The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Incometax slab rates for individual for fy 201415 ay 201516. Income tax slab for individual taxpayers and huf less than 60 years. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the income tax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. 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. Income tax slabs for individuals are divided into 3 slabs. Income tax is imposed on the basis of ability to pay.

Partnership income tax slab income tax rates on partnership firm for a. Download income tax calculator for fy 201415 ay 201516. This year as well, the indian finance minister nirmala. Ay is assessment year latest income tax rates for fy 2015 16. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Hope, now you all know the income tax rates on partnership firm. Ay is assessment year latest income tax rates for fy 201516. 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.

The new income tax rates or income tax slabs are effective from april 01, 20. Income tax rates on partnership firm for ay 201516 cakart. Availabilityincome tax rebate section 87a fy 201415 ay 201516. Latest income tax slabs and rates for fy 201516 and ay. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Income tax slab rates for financial year 201516 assessment year201617. The exemption limit for income tax has also increased more than 10 times from rs. 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. Ay 202021 fy 201920 vote on account income tax october 18, 2018 guide to standard deduction deductions september 22, 2018 number of days work to buy an iphonex others. Fy 201415 note the new government has presented the budget for ay 201516 on 10. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617.

Incometax slab rates for individual for fy 201516 ay 2016. Incometax slab rates for individual for fy 201617 ay 2017. Hence this provision continues for ay 201516 as well. Income tax slabs for the individual male below 60 years age for the assessment year 2015 2016 sl no. Tax slab for financial year 201415 assessment year 1516 for. Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax slab rates for financial year 201516 assessment.

Income tax slab rates for the last 7 years yash shindes. Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Given below are the various tables for the latest income tax slabs for the fy 20202021. 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. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. Today we provide depreciation chart as per income tax act for easily calculate depreciation. Income tax slab rates for salaried class in pakistan 202021. Income tax slabs for financial year 201718 assessment year 1718. Incometax slab rates for individual for fy 201516 ay. Net income range rate of income tax assessment year 202122 assessment year 202021 up to rs. Income tax slab rates for last 25 years in india 199293 to. 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.

The finance minister has introduced many changes in the income tax slab rate for financial year 20192020. Income tax slab rates for ay 201617 fy 201516 here lets see the tax slabs for the year 2015 2016. Income tax slab rate for individuals, hindu undivided families, association of persons and body of individuals for ay 20162017fy 2015 2016. Income tax slab rates ay 201920, fy 201819, income tax. Government of india has increased the basic personal income tax exemption limit from rs. Income tax slabs and rates for fy 202021 bankbazaar. Availabilityincome tax rebate section 87a fy 201415 ay. 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. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows.

Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. For ya 2017, a personal tax rebate of 20% of tax payable, up to maximum of. Income tax slab rates for last 25 years in india 199293. Taxable income in 10% slab maximum tax will be rs 32000. As there was no change in income tax slabs for fy 2015 16 i. Income tax slab rates help you decide whether your income is taxable or not. Income tax slabs ay 201415 fy 2014 income tax slabs ay 201516 fy 201415 income tax slabs ay 201617 fy 201516 income tax slabs ay 201718 fy 2016.

This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior. 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. Oct 20, 2015 income tax slab rates for financial year 2015 16 assessment year 201617 are same as the income tax slab rate for financial year 201415 assessment year 2015 16. Ay 20152016 as amended by budget 2014 are as follows. A comparative analysis of income tax calculation for fy 202021 ay 202122 under the existing tax slab and the new income tax slabs introduced in budget 2020 can be. Government of india income tax slab rates for ay 20142015. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Incometax slab rates for individual for fy 201617 ay 201718 mitra 1. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. Income tax rates 20142015 for filing individual tax returns. Legislation to remove these tax cuts has now been passed by parliament. Apr 14, 2020 income tax slabs ay 201415 fy 2014 income tax slabs ay 2015 16 fy 201415 income tax slabs ay 201617 fy 2015 16 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.