Income tax slab rate for ay 2015-16 in pdf

Income tax is imposed on the basis of ability to pay. The above income tax rates are for general category men women who are below 60 years of age. 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. 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. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Income tax slab rates are decided and governed by income tax act 1961 and are subject to change every year. 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. Income tax income tax rates ay 201516 fy 2014 referencer. Income tax rates slabs for financial year 201516 assessment year 201617 for male individuals below 60 years resident of india income tax rates up to 250000. Income tax slab rates for individualhuf for fy 201415.

This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. 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. Latest income tax slabs and rates for fy 201516 and ay. Given below are the various tables for the latest income tax slabs for the fy 20202021. Carbon tax repeal and 201516 tax cut reversal in detail. Oct 14, 2019 government of india has increased the basic personal income tax exemption limit from rs. Budget 2015new tax slabs and rates for fy 201516 ay. Individuals below 60 yrs income tax slab 201718 ay. As there was no change in income tax slabs for fy 2015 16 i. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16.

Here are the income tax slab rates for the financial year 201516. Here is a primer on income tax slab rates for ay 201617. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities. Income tax rates for assessment year 20172018 previous year 201617 income tax rates for assessment year 20162017 previous year 201516 income. It was established by the father of the nation bangabandhu sheikh mujibur rahman under. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. The amount of rebate is 100 per cent of income tax or rs. Income tax slab rates for ay 20152016 financial year.

What is the rate of service tax for 201516 and 201617 last updated at nov. Incometax slab rates for individual for fy 201516 ay 2016. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. In this budget he has not changed the income tax rates and kept the earlier rate in place. Finance bill 2015 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of rs. For tax savings download pdf files for form 15g, form 15h, form 60, form 61. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories surcharge. It slabs from fy 200809 to fy 201516 income tax caclubindia. Tax slab for financial year 201516 assessment year 1617. Income tax slab rates for financial year 201516 assessment year201617.

As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. 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. This year as well, the indian finance minister nirmala. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Health and education cess is levied at the rate of 4% on the amount of income tax plus surcharge. Income tax slab rates in india ay 201617 fy 201516. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 2015 16 i. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or non. Incometax slab rates for individual for fy 201617 ay. Income tax rates on partnership firm for ay 2015 16. Latest income tax slabs and rates for fy 201516 and ay 201617. Nov 10, 2016 what is the rate of service tax for 2015 16 and 201617 last updated at nov.

Income tax slab for filing tax return on income in india. Jul 14, 2016 personal income tax rates for the financial year 20082009 and assessment year 20092010 new delhi delhi, india, november 17, 2015 indian government ups basic personal income tax exemption limit from rs. Income tax slabs for individuals are divided into 3 slabs. 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 national board of revenue nbr is the apex authority for tax administration in bangladesh. Education cess of 3% is also applicable to income tax computed as per above slab. Income tax rates on partnership firm for ay 201516 cakart. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets.

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 rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in. Individual residents who are above 80 yrs of age the tax on total income is exempted upto rs 5,00,000. Many of you already know the budget implications on your finance. How income tax structure, slabs in budgets over last 4.

Income tax slabs and rates for assessment year 201516 cakart. 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. Incometax slab rates for individual for fy 201516 ay. 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. What is the rate of service tax for 201516 and 201617. Income tax slab rate for ay 201819 for individuals. Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with. 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. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Have a look at the past 25 years income tax slab rates for individuals in india. You have blocked the notification on recent updates. The income tax slabs rates for individuals, senior citizen and very senior citizens, hufs, aop, boi and cooperatives are progressive in nature, where a lower tax rate is imposed on low income earners compared to those with higher income.

But the tax slabs have not been changed for the last few years. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Government of india income tax slab rates for ay 20142015. 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. Looking for the income tax slabs and rates for the financial year 201415 or assessment year 2015 16. Download income tax calculator for free for previous year 2014 2015. Income tax rates 20142015 for filing individual tax returns. 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 rates for assessment year 199293 income slab rs. The income tax slabs rates in india are different for different categories and status of tax payers.

Lets first understand what is income tax slab in india. Deductions under sections 80 ce are available for individuals would be discussed. Government of india has increased the basic personal income tax exemption limit from rs. The above rates were proposed in the vote on account presented by the upa government pending lok sabha elections and were valid till 30th june 2014. Income tax slabs income tax rates fy 201415 av 201516.

Income tax slabs and rates for fy 202021 bankbazaar. Last 25 years income tax rates linkedin slideshare. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. Income tax slabs and rates for assessment year 201516. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs. Incometax slab rates for individual for fy 201415 ay. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. Steps to file your indian income tax return quickly with. Income tax at a glance among direct taxes, income tax is the main source of revenue. The budget 2016 did not witness any change in the tax slabs, but the modi sarkar lessened the burden on low income group by increasing the rebate us 87a from rs 2,000 to rs 5,000 and the super. Income tax rate for foreign companies ay 201516 fy 201415 foreign companys profit shall be charged at a flat rate of 40% for ay 201516 fy 201415. Legislation was passed by parliament in june 2015 to amend the 201516 tax scale and low income tax offset so that the overall tax rates are the same as the previous year. March 1 to 15, 2016 u taxmanns corporate professionals today u vol.

We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. Incometax slab rates for individual for fy 201617 ay 2017. Every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax slab rates for last 25 years in india 199293. Income tax slab rates for last 25 years in india 199293 to. Individuals below 60 yrs income tax slab 201718 ay 201819 income tax slab income tax rate income upto rs. Income tax slab rates for financial year 201516 assessment. However, there are few changes to this budget when it comes to tax slabs. Incometax slab rates for individual for fy 201516 ay 201617.

Hope, now you all know the income tax rates on partnership firm. Apr 14, 2020 new income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company. 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. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Download income tax calculator for fy 201415 ay 201516. 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. Surcharge shall not exceed the amount of income that exceeds. It is deductible from income tax before calculating education cess. Incometax slab rates for individual for fy 201516 ay 201617 tax expert. As i have to urgently put up a claim to it dept for refund related to. Ay is assessment year latest income tax rates for fy 2015 16. Know more about income tax slabs and rates for assessment year 2015 16.

Availabilityincome tax rebate section 87a fy 201415 ay 201516. There are lot of changes in tax rates and cess in the last 25 years. Income tax slab rate for ay 202122 for individuals opting for old tax regime, introduced in budget 2020 by our finance minister. Know more about income tax slabs and rates for assessment year 201516. Nonresident individualhuf net income range income tax rates health and education cess up to rs. The income tax slabs rates for individuals, senior citizen and very senior citizens. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. New income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and. Ay is assessment year latest income tax rates for fy 201516.