Income tax slab for fy 2014-15 pdf

Income tax slabs for financial year 201415 mytaxcafe. Income tax slabs and rates for fy 202021 bankbazaar. Income tax slabs for fy 2014 ay 201415 tally knowledge. 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. In the following sections we will discuss the income. This income tax calculator is created through excel utility with latest income tax slabs. Income tax collected from the above category is not on slab rate but on flat 30% total income generated from the business. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab. Incometax deduction from salaries during the financial year 20192020 under section 192 of the incometax act, 1961 regarding. Income tax slabs ay 201011 fy 200910 income tax slabs ay 201112 fy 201011 income tax slabs ay 2012 fy 201112 income tax slabs ay 2014 fy 2012 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. Incometax slab rates for individual for fy 201516 ay 201617. Rates of incometax for fy 201415 ay 201516 as per the finance no. Net income range income tax rates health and education cess up to rs. Income tax slab tells the tax rate at which you have to pay tax on income.

Fy 201415 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Availabilityincome tax rebate section 87a fy 201415 ay. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. The budget 2014 has changed the income tax slab rates slightly as compared to the income tax rates of financial year 2014. 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. Highlights of change in direct taxes in the union budget 20 1. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. The government announced that taxpayers with an annual income tax slab of more than rs. Income tax manual part 1 the income tax ordinance, 1984 xxxvi of 1984 as amended up to july, 2014 i contents sections page long title 1 preamble 1 chapter 1 preliminay 1. Download income tax calculator fy 201415 ay 201516.

Income tax slab rates for individualhuf for fy 201415. This downloadable income tax calculator, calculate tax on your income for for financial year 201415 assessment year ay 201516 automatically without any hassle. Income tax slab rates specify the threshold annual income limits at which a higher or lower rate of tax is applicable. Income tax amendment for the assessment year 201415. Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year net income range income tax.

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. Fill up the relevant details to know your tax liability for fy 201415 income tax slabs for fy 2014 15 education cess of 3% surcharge of 10% on rs 1 crore plus income earners tax credit of rs 2,000 for. Latest income tax slabs and rates for fy 201516 and ay 201617. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. This year the honorable finance minsiter of india, piyush goyal has presented the interim. Income tax manual part 1 national board of revenue. For financial year 2014, additional surcharge called the education cess on income tax and secondary and higher education cess on income tax shall continue to be levied at the rate of two per cent. Incometax slab rates for individual for fy 201516 ay. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. The basic tax scale and marginal rates for the 201415 financial year have been in place for three financial years.

Incometax slab rates for individual for fy 201415 ay. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies. 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. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Here are the slabs for the income tax for the income incurring in fy 202014. Fy 201415 has seen some changes in the applicability of tax slabs for different entities such as. Hi, i would like to know what are the indian tax rules for indian citizen spends some time abroad earning non. Download income tax calculator for fy 201415 ay 201516.

Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 201415. The new and revised income tax slabs and rates applicable for the financial year fy 2014 and assessment year ay 201415 are mentioned below. Tds calculation sheet in excel and slabs for fy 2014. Download pdf files for form 15g, form 15h, form 60, form 61. The last time slab rates underwent a change was in fy 201415 when the. 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. Steps to file your indian incometax return quickly. But the tax slabs have not been changed for the last few years. Income tax calculator for fy 2014 ay 201415, income tax calculator. Dear member, the information regarding it for fy 201415 is wrong.

Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen. The income tax slab fy 1920 is a set of predetermined rates based on which a taxpayers income is assessed. Income tax calculator for fy 201415 download the income tax calculator for fy 201415 or ay 201516. 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. Rate of income tax for individual a slab rate assessment year 201415. Income tax is imposed on the basis of ability to pay.