Find updated latest income tax slab rates in india for individuals, company, nri, huf, boi, aop, llp, local authority, cooperative society. You can complete filing your income tax return in just 15 minutes using the website or the mobile app. Incometax slab rates for individual for fy 201516 ay 2016. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112. Income tax rate applicable to local authority for ay 2021. Income tax slabs for financial year 201718 assessment year 1718. Download complete tax planning guide in pdf for salaried and.
Individual resident or nonresident, who is of the age of less than 60 years on the last day of the relevant previous year. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. Income tax slab rates 201718 pdf download ay 201819. Income tax slab rates for individual for fy 201516 ay 201617.
Income tax slab for ay 202021 pdf download latest hindi news, income tax slab for ay 202021 pdf download breaking news, find all income tax slab for ay 202021 pdf download at live hindustan, page1. In case of income over rs 8 lakh, tax would be levied. Income tax slab for fy 202021 pdf download income tax. Add surcharge surcharge is 10 % of income tax rebate us 88e is not available w. Income tax rates slab for assesment year rate % 201112 f y 2010 11 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the. Income tax return statistics assessment year 201516 version 1. The amount of rebate is 100 per cent of income tax or rs. Income which is exempt from tax is stated under section 10 of the income tax act.
Income tax slab rates 202021 pdf download ay 202021. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Income tax slabs income tax rates and deductions for fy 2017. 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 201718. Income tax ratesslab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the. Income tax slab for ay 202021 pdf download news, income. Income tax slab rates 201920 pdf download ay 202021.
Assessment year 201112, relevant to financial year 2010 11. Nov 21, 2010 tax rates as applicable for different persons for the a. Income tax slab rate for ay 202122 for individuals opting for old tax regime. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax. Incometax slab rates for individual for fy 201617 ay 2017. Nov 22, 2019 income tax slab for ay 202021 pdf download. This is a short 43 slide power point presentation in pdf which covers all the tax saving sections and investments applicable for tax payers. The amount of income tax shall be increased by a surcharge at the rate of 10 % of such tax, where total income exceeds fifty. However, the surcharge shall be subject to marginal relief where income. Lets get the insights of the income tax slabs for fy 201819 ay 201920 income tax slab for resident individual aged less than 60 years059 years same slab rates shall apply for both male and female resident taxpayers. Advance tax has to be paid by every assessee, if his annual income tax liability is more than 5,000. Income tax slab for ay 202021 pdf download news, income tax.
Tax rates as applicable for different persons for the a. Ay 2009 10 and in case of domestic companies and 2. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. Income tax slabs income tax rates and deductions for fy.
Income tax slabs 202021 new income tax slabs, brackets. There are lot of changes in tax rates and cess in the last 25 years. The amount of incometax and surcharge shall be further increased by education cess of 3% on incometax plus surcharge. The age of the individual is the factor to divide the slab rates in the income tax table. Incometax slab rates for individual for fy 201516 ay. Advance tax has to be paid by the assessee only if his income tax liability is more than 10,000. 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 slabs and tax rates in india for fy 202021. For individuals, huf, association of persons aop and body of individuals boi. Consider an example, a person aged 35 years has the total income of. In case income is more than rs 1 crore, a surcharge of 12% is applicable on the income tax amount. Assessment year personal finance guide to mutual funds, stocks, insurance, investments, loans, tax planning, nonresident indians related issues. January 11, 2020 senior citizen savings scheme retirement december 22, 2019.
Income tax rates chart for individuals, hufs, association of persons, body of individuals for a. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years. Jan 30, 2009 tax rates as applicable for different persons for the a. For general income taxpayers, the basic exemption limit of rs. Feb 01, 2020 budget 2020 new income tax rates new income tax slabs in this video, we are going to discuss new tax rates proposed by the budget 2020. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate. Mar 17, 2020 due to the hike in cess, the tax liability for the highest slab assuming an income of rs 15 lakh has increased by rs 2,625. The amount of incometax shall be increased by a surcharge at the rate of 10 % of such tax, where total income exceeds fifty lakh rupees but does not exceed one crore rupees. New optional basic income tax exemption slab and reduced tax rates announced in budget 202021 for ay 202122 fy 202021. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india.
For resident woman who is below 65 years of age at any time during the previous year. Rate for lowest income tax slab slashed to 5% from 10 %, surcharge of 10 % on income above rs 50 lakh an individuals tax is calculated according to the income tax slabs announced by the government every year in the budget. Income tax slab rates for individual for fy 201415 ay 201516. The age groups are up to age 60, age 60 to 80 and above age 80.
Click here to save tax with hdfc lifes various online insurance products. The incometax law relating to payments received from or made to such statutory provident funds or the public provident fund can be summed up as under. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. 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.
In the middle income tax slab, the tax outgo increases by rs 1,125, and there is a nominal increase in the tax liability of rs 125 for lowest income tax slab. Apr 28, 2010 applicable for ay 201011 fy 2009 10 advance tax. Income tax slab rates for last 25 years in india 199293 to. Aug 11, 2011 download income tax rates slab for individualhufbo ay 200607 to ay 201112 tags. 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. 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. Have a look at the past 25 years income tax slab rates for individuals in india. Income tax slab rates for last 25 years in india 199293. The amount of income tax shall be increased by a surcharge at the rate of 10 % of such tax, where total income exceeds fifty lakh rupees but does not exceed one crore rupees. Income tax slab oldnew union budget 2020 by sakshi sharma.
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. 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. For individuals below 65 years age, other than woman assessees. The income tax slabs for ay 11 12 are different from tax slabs for ay 10 11 as in the new tax slabs there is more saving of income tax as the slab ranges have been revised upwards and changed significantly leading to more tax savings. For the assessment year 2021 the local authority will be taxed at 30 percent. Income tax slab rates for individual for fy 201617 ay 201718. The exemption limit for income tax has also increased more than 10 times from rs. 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. Incometax slab rates for individual for fy 201718 ay. Taxpayers will also receive a significant relief if the current tax slab of 10 % is extended to rs.
Payments made to subscriberemployee from such a fund are not liable to tax sec. Income tax slab for ay 202021 pdf download central. Basic income tax exemption slab for ay 202122 as per budget. The income tax slab for hindu undivided family huf is the same as the tax slabs for individuals under the age of 60 years in the year 2019 2020. Referencer income tax income tax rates ay 201011 fy. Mar 07, 2019 we are releasing the ebook on tax planning which tells you how to save income tax for fy 201819 ay 201920 for both salaried and professionals. 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.
These include among others income from agriculture, special allowances etc. Add surcharge surcharge is 10 % of incometax rebate us 88e is not available w. Income tax rates for ay 201516 financial year 201415. Income tax slab rates for financial year 201516 assessment. For resident woman who is below 65 years of age at any time during the previous year net income range income tax rates surcharge education cess. Budget 2020 new income tax rates new income tax slabs.
Past 25 years income tax rates for individuals, huf. Apr 10, 2018 income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay. Feb 14, 2020 income tax slabs ay 201011 fy 2009 10 income tax slabs ay 201112. 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. Other deduction from income under income tax fy 11 12. In union budget 202021, the news tax slab rate regime is optional and a taxpayer can choose to pay tax in the old regime.
For specified urban areas, refer taxmanns direct taxes circulars. Fy 202021 ay 202122, fy 201920 ay 202021, fy 201819 ay 201920 and last 10 years. Special provisions in respect of newly established units in. Surcharge and education cess see note income tax slab rates 201819 pdf download. 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. Computation of tax as per slab rate for ay 201819 rebate us 87a individual huf etc finance bill 2017 py 201617 ay 201819 the best tax lectures on direct tax and indirect tax by tax.
I am pretty sure ki aap sabhi ne income tax return ke bare me 100% suna hai. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. New income tax slab proposed in budget 2010 11 and its impact on male individual, female individual, huf and senior citizen. Feb 27, 2010 new income tax slab proposed in budget 2010 11 and its impact on male individual, female individual, huf and senior citizen.
December 30, 2012 please click here for latest personal income tax rates. In order to provide significant relief to the individual taxpayers and to simplify the income tax law, the union budget proposes to bring a new and simplified personal income tax regime wherein income tax rates will be significantly reduced for the individual taxpayers. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income upto rs. The highest tax slab has now been raised from rs 5 lakh to rs 8 lakh. Ay 201920 income tax slab for resident individual aged less than 60 years059 years. 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.
Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Please click on the links below to view the income tax also written shortly as i. Aug 11, 2011 income tax rates slabs ay 2010 11 individual huf boi aop the rates for assessment year 2010 11 is given in the table below. Income tax slab rates 201819 pdf download ay 201920. It is deductible from income tax before calculating education cess. Net income range income tax rates surcharge education cess upto rs.
1012 252 693 1398 429 1129 1014 118 89 116 931 780 1223 1047 1633 1214 581 947 841 1153 238 288 1142 925 1496 471 830 102 813