Income tax slab rates for fy 201617 ay 201718 beacon. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Xcd 10,000 in any assessment year, and deductions during any. Senior citizen individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year. Income tax slab for ay 202021 pdf download central. Last 25 years income tax rates linkedin slideshare. Taxable income in 10% slab maximum tax will be rs 32000. Particulars tax rates 1 individual male and female. The normal tax rates applicable to a resident individual will depend on the age of the individual. Comparison of income tax slabs for fy 201718 and fy 201617. Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Ay 201617, the following rates were also applicable for fy 201415 ay 201516.
Download income tax slab for ay 2016 17 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 2016 17. Is video me hum income tax slab rate for fy 1718 ki bat krenge jo ki budget 1718 me laya gya hai. Due date to file return for fy 201718 is july 2018. Income tax slab rates for ay 20142015 and fy 202014. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201718 in the parliament. Till the financial year 201617, you could avail of tax break on the entire. The corporate income tax cit rate in albania is 15%. Tax rates as applicable for different persons for the a. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate. The tax slab for fy 201617 for cooperative societies, firms local authorities and llps will continue at the same rate as the previous financial year. So to plan your investment strategy and understand how much tax liability you will incur this year lets have a look at the tax structure for different categories.
However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. 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. No surcharges, education cess, secondary and higher education cess for the income up to rs. Income tax rates for financial year 201617 tax rates individual. Here is a primer on income tax slab rates for ay 2016 17.
Well, your income is taxed according to slabs that are announced at every union budget. Income tax slab rates for fy 201718 ay 201819 studycafe. From april 2015 to jan 2016, i have worked for company a and for the next 2 months i. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Latest income tax slab rates for fy 201718 ay 201819.
Surcharge and education cess see note income tax slab rates 201718 pdf download. Income tax slab rates for fy 201617 ay 201718 admin income tax has been one of the oldest forms of tax, and it has been present from generations. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 2016 17 ay 201718. Latest income tax slabs and rates for fy 201516 and ay.
Senior citizen income tax rate for f y 201617 individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year i. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617 save tax with hdfc lifes various online insurance products. Normal rates of tax applicable to all individuals who are less than 60 years of age. Fy is financial year and ay is assessment year individual resident aged below 60 years. Income tax slabs and rates for fy 202021 bankbazaar. Incometax slab rates for individual for fy 201516 ay 201617. Income tax slab rates for fy 201718 ay 201819 india. Income tax slabs for fy 201617 ay 201718 for firms in the case of firms, the rate of incometax has been specified in paragraph c of part iii of the first schedule to the bill. Income tax slabs and rates for fy 202021 last updated. Every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax slab rates for the current assessment year 201819.
While i have received form 16 from company a and filed return according to that only. Rates for deduction of incometax at source during the financial year. If itr is not filed on or before due date of filing your return then a penalty upto rs. Ay is assessment year latest income tax slab rates for fy 201617. What is the due date for filing income tax return for fy 201718 ay 201819 and what is the penalty if return is not filed before due date. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment. Importance the first step to understand the workings of income tax in india is to be aware of the taxation slabs released each financial year by the indian government and various deductions defined under different sections of the income tax act, 1961. Senior citizen individual resident who is of the age of 60 years.
This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax rates tax slab for fy 20142015 ay 20152016. 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 rates for assessment year 199293 income slab rs. Incometax slab rates for individual for fy 201617 ay. When you sell any option contract in future and option market of stock exchange, then seller have to pay the stt tax.
Latest income tax slabs rates for fy 2012 and as 2014. In case of individual other than ii, iii and iv below and huf. Income tax slab rates for ay 2017 18 resident, non resident individuals powered by income tax slab rates for ay 2017 18 super senior citizens. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. 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. Below are the latest income tax slab rates for fy 201718 or ay 2018 19. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Income tax slab rates for fy 201617 ay 201718 basunivesh. For normal category the simple calculation is as follows. As there was no change in income tax slabs for fy 201516 i. This rate will continue to be the same as that specified for the financial year 201516. Next article income tax rates tax slab for fy 20152016 ay 20162017 wealth18 the author is a chartered accountant and loves to write about personal finance, wealth management, taxation etc. The basic exemption limit has been increased from rs 2 lakh to rs. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge.
Income tax slab rates for fy 201617 ay 201718 budget. In case of an individual resident who is of the age of 60 years or more but. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in. Income tax calculator and slab rates for fy 201718 ay. Incometax slab rates for individual for fy 201516 ay. 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. Disclaimer the articles on this website is for informational and knowledge purposes and should not be treated as financial advice, please consult. Current rate of dearness allowance is 17% updated on 14. Income tax slabs for fy 2016 17 ay 201718 for local authorities.
But the tax slabs have not been changed for the last few years. Income tax slab rates for ay 20142015 and financial year 2014 income tax slabs and rates are changed almost every year. For resident woman who is below 65 years of age at any time during the previous year. In case of individual being a woman resident in india and below the age of 60 years at any time during the previous year. In the case of indian companies the rate of incometax shall be 25% of the. Income tax slabs for financial year 201718 assessment year 1718. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. Company tax is levied as follows for the ay 201617. Income tax slabs income tax rates and deductions for fy 2017.
Income tax slabs for assessment year 2014 financial. Income tax slabs ay 201415 fy 2014 income tax slabs ay 201516 fy 201415 income tax slabs ay 2016 17 fy 201516 income tax slabs ay 201718 fy 2016 17 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. Just received your salary slip and are trying to figure out the basis on which tax was deducted. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Net income range income tax rates surcharge education cess upto rs. Income tax slab rates for last 25 years in india 199293. The top marginal corporate income tax rate reaches 44. There was a temporary surcharge between 2011 and 2016 for. The finance act, 2020 has inserted a new section 115bad in incometax act to provide an option to the cooperative societies to get taxed at the rate of 22% plus 10% surcharge and 4% cess. The slab rate applicable to an individual drawing taxable income between rs.
Income tax slab rates for ay 201718income tax slab rates for fy 201617income tax slab rates for financial year 201617income tax slab rates for assessment year 201718 income tax rates for financial year 201617 relevant to assessment year 201718 sr. Income tax slab rates for ay 201617 fy 201516 ndtv. Welcome to the 201617 edition of worldwide tax summaries. However, the surcharge shall be subject to marginal relief where.
The finance bill, 2016 seeks to prescribe the rates of incometax on income liable to tax for the. Income tax rates for fy financial year 201516 ay assessment year 201617,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. We have provided the latest income tax slabs for financial year 2014 or assessment year 201415 almost the slabs and rates for income tax 2014 are similar to previous year i. Double tax treaty and nontreaty rates of tax withholding relating to the payment of dividends, interest. Assessment year 201819 these will be effective on income earned during 01. Ca sandeep kanoi, income tax rate chart, income tax rates, rate chart, tax rate changes, tax rates. Special tax rates applicable to a cooperative societies. Security transaction tax stt rates for fy 201617 ay 201718 here, a slight change from budget 2016. However, in case of a nonresident individual the tax rates will be same irrespective of his age. 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. The rate of incometax in the case of every local authority is specified in paragraph d of part iii of the first schedule to the bill. The government of india merged the person of indian pio card and. The surcharge will be applicable if the income exceeds rs.