Tax slab fy 2015-16 pdf

Even the lowest tax rate has gone down from 20% to 5%. Professional tax for the financial year 2015 16 monday, march 30th, 2015 amritesh 179 responses 41 views professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or. Hence this provision continues for ay 201516 as well. 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. It is collected by the state government by every individual who earns a living through mediums like trade, employment, or professional. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Income tax slab rates for individual for fy 2015 16 ay 201617 tax expert. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. As proposed in the new tax regime, 70 tax exemptions will be removed but the income between rs 5 lakh and rs 7. Income tax slabs income tax rates fy 201415 av 201516. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Apr 06, 2015 minor changes has been made in tds rates for fy 201516 by finance minister in budget. Income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with revise correct your income tax return. Therefore, i thought to update the tax slab rates for fy 2015 16 ay 201617 considering the budget 2015.

At hdfc life, we ensure that our customers are wellinformed about the latest income tax slab rates in india as well as the tax benefits relevant to. For senior citizens age 60 years or more but less than 80 years. What is the rate of service tax for 201516 and 201617. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget.

Partnership income tax slab income tax rates on partnership firm for a. Detailed article on the income tax slabs rates for fy 201415 and ay 201516. Here is a primer on income tax slab rates for ay 201617 fy 201516. The said change will be effective from 1st june, 2016. 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. There has been no change in the tax rates, basic income tax exemption limit or tax slabs for individuals, huf, aop and boi, the income tax slabs and rates for fy 201516 or ay 201617 are as under. India income tax slabs 20152016 for general tax payers and women.

Income tax slabs rate for a partnership firm for fy 201920 1. The income tax department appeals to taxpayers not to click on hyperlinks contained in such phishing mails, not to respond, and not to share information relating to their credit card. Mar, 2015 many of you already know the budget implications on your finance. Finance bill 2014 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of rs. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Latest income tax slabs and rates for fy 201516 and ay. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16 latest income tax slabs in india fy 201617 or as 201718. Surcharge of 12 % is applicable if total income exceeds 10 crores. Fm has announced a new income tax regime following which individuals will have to pay lower taxes for fy 202021 onwards as compared the current tax laws. Earlier employer may collect such evidence which he deems fit to allow deduction or set off of house property income from salary income to employee,now department will. As there was no change in income tax slabs for fy 201516 i. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual, huf, aop, boi, part. This year the honorable finance minsiter of india, piyush goyal has. Jul 10, 2014 in this post i restrict my subject towards new tax slabs for fy 201415.

The normal tax rates applicable to a resident individual will depend on the age of the individual. Incometax slab rates for individual for fy 201617 ay 2017. In india, income tax is charged based on an individuals income. This form of tax is in practice for a long time and states were conferred the power of leveling the tax under clause 2 of article 276. You can complete filing your income tax return in just 15 minutes using the website or the mobile app. Find updated latest income tax slab rates in india for individuals, company, nri, huf, llps. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Fill up the relevant details to know your tax liability for fy 201516 income tax slabs for fy 201516 ay 201617 general public income tax slab education cess of 3% surcharge of 12% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female tax. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slab rates for individualhuf for fy 201819 ay 201920.

These tax rates are based on the range of income called income slabs. The income tax slabs increase by a surcharge, which equals 12% of the tax in case the total income exceeds 1 crore rupees. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Professional tax in india updated on may 6, 2020, 18906 views. Service tax rates have changed from time to time as shown below period rate of service tax till 31 may 2015 12. The maximum amount of pt that may be levied by any state in a financial year is rs 2500. Income tax at a glance among direct taxes, income tax is the main source of revenue. 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 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.

Ay 2015 2016 as amended by budget 2014 are as follows. Download it slabs from fy 200809 to fy 201516 file in. Income tax rates on partnership firm for ay 201516 cakart. Income tax exemption limit for fy 201516 is up to inr 5,00,000 other than those covered in parta or b income tax slab for domestic companies part d. 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. Tax slab for financial year 201516 assessment year 1617. Income tax slabs income tax rates and deductions for fy 2017. Given below are the various tables for the latest income tax slabs for the fy 20202021. If you have earned from stock market or from sale of properties to know tax liability read the new article on. The government came up with the decision to limit supply of under yax fuel to cut subsidies.

The income tax department never asks for your pin, passwords or similar access information for credit cards, banks or other financial accounts through email. Apr 08, 2015 tax planning guide for fy 2015 16 we are releasing the ebook on tax planning for fy 2015 16. As there was no change in income tax slabs for fy 2015 16 i. Aug 18, 2016 here is a primer on income tax slab rates for ay 201617 fy 2015 16. 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. Income tax slab rates for last 25 years in india 199293. Oct 16, 2015 income tax slab rates from ay 199293 to ay 2015 16 download income tax calculator for a. Incometax slab rates for individual for fy 201516 ay. 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. 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.

Revised incometax exemption limit fy201516 individual budget. Free major itr forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files. Income tax slabs for the individual male below 60 years age for the assessment year 2015 2016 sl no. 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.

Surcharge of 7% is applicable if total income exceeds 1 crore. Incometax slab rates for individual for fy 201516 ay 2016. Income tax slabs for individuals are divided into 3 slabs. For individuals other than female taxpayers, senior taxpayers of 65 years and above, retarded taxpayers and gazetted warwounded freedom fighter, income tax is payable for the on first upto tk. 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. Ca sandeep kanoi, income tax rate chart, income tax rates, rate chart, tax rate changes, tax rates.

Requirement for obtaining evidence particulars by employer for tdssection 192. Latest income tax slabs for fy 2015 2016 calculate your tax based on the tax slabs for year 2015 2016. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. 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. Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year. In order to gain tax benefits to the fullest, it is essential to understand the current income tax slab rates. There is no change in the basic tax rate and exemption limit for individual, hindu undivided family, association of person, body of individuals and artificial juridical person in assessment year 201617 in comparison to a. Incometax slab rates for individual for fy 201617 ay. Fy 201415 note the new government has presented the budget for ay 201516 on 10. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as. The rate at which professional tax is charged is based on the income slabs set by the respective state governments. The more a taxpayer earns the more he should pay is the basic. Professional tax in india statewise professional tax.

For new service tax chart new service tax chart 14. Detailed split for general, women, senior citizen etc are provided. Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. The information is compiled from the income tax act 2000 and finance bill 2015 and is intended to provide users as a quick reference of nepalese income tax rates. Tax rate assessment year 201516 as per finance act, 2015. However, there are few changes to this budget when it comes to tax slabs. Income tax rates for fiscal year 201516 this article gives an overview of nepalese income tax tariff based on the finance bill 2015.

However the maximum professional tax that can be levied by any state till date is rs 2500. Income tax slab for ay 202021 pdf download news, income. But the tax slabs have not been changed for the last few years. Income tax slab rates in india ay 201617 fy 201516.

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. Tds rate chart fy 201516 ay 201617 budget 201516 amendments. Joshi marg, mahalaxmi, mumbai income tax slabs for ay 201516 the tax slabs have not been changed for the last few years. Latest income tax slab rates for fy 201819 hdfc life. Surcharge and education cess see note income tax slab rates 201718 pdf download. Ay 201617, the following rates were also applicable for fy 201415 ay 201516 latest income tax slabs in india fy 201617 or as 201718. Latest income tax slabs and rates for fy 201516 and ay 201617. The income tax slab fy 1920 is a set of predetermined rates based on which a taxpayers income is assessed. Finance minister has presented budget 201516 on 28022015. Bihar professional tax slab for fy 201516 march 7, 2016 categories professional tax, taxation bihar professional tax for fy 201516 as per the income tax rule by clause 2 of article 276 of the constitution of india professional tax is a specific type of tax which is levied by the state in india on the income earned through profession. Ay 20152016 as amended by budget 2014 are as follows.

Income tax slabs for partnership firms there is a flat tax rate for partnership firms and llps limited liability partnerships and they are to pay income tax at the rate of 30%. Availabilityincome tax rebate section 87a fy 201415 ay 201516. Calculate your tax based on the tax slabs for year 20152016. Tax slabs for financial year 201415 or assessment year 2015 16. If the tax proposals are passed, then these new tax slabs will be applicable from 1st april 2020 to 31st march 2021. This is a short 44 slide power point presentation which gives the details of tax saving sections and investments available to individual tax payers. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Income tax slab rates for last 25 years in india 199293 to. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets.

Union budget 2020 has proposed a new tax structure by slashing income tax rates and rejigging the income tax slabs to reduce total tax liability by individuals. Income tax slab every year amendments are made to the income tax act by proposing a finance bill which directly decides the threshold limits for various tax rates. Professional tax is a tax levied at the state level in india. Income tax service tax key highlights for fy 2015 16 ay 201617 click here section 87a rebate availability for fy 2015 16 ay 201617 click here income tax basic exemption limit slab fy 2015 16 click here. A partnership firm, including an llp, is taxable at the rate of 30%. Income tax slabs for fy 201516 ay 201617 general public income tax slab education cess of 3% surcharge of 12% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female tax up to rs. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. In case you wish to continue claiming your tax deductions and exemptions, then you can stick with the old tax slabs structure as per the existing fy 201920 income tax slab rates. Income tax is imposed on the basis of ability to pay. The income tax slabs for business for fy 20142015 i.

Invest in best performing mutual funds for building long term wealth. The exemption limit for income tax has also increased more than 10 times from rs. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. Download it slabs from fy 200809 to fy 201516 file in pdf. Incometax slab rates for individual for fy 201516 ay 201617. 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 payable up to the total income of rs. Budget 2015new tax slabs and rates for fy 201516 ay 201617. Availabilityincome tax rebate section 87a fy 201415 ay.