Npdf income tax slab for ay 2013-14

The amount of income tax shall be increased by education cess on income tax at 2% of the income tax payable by both resident and nonresident assessees. In case you have actually earned income at the rates higher than the specified. Income tax slabs and rates for fy 2014 ay 201415, latest amendment for the assessment year 201415 detailed guidance, latest tax computation technics with relevant information. Filing of income tax returns itr in july 2014 national portal of. Please find given below the forms issued by income tax. 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 calculator fy 2014, ay 201415 xls download.

Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. For resident woman who is below 65 years of age at any time during the previous year. Comparison between existing and new slab rates of income tax calculator excel format fy 202021 ay 202122. These rates are subject to enactment of the finance bill 2012. Income tax rates for financial year 2012 and ay 2014. Income tax slabs for assessment year 2014 financial. Tax levied as per predecided percentage on the net taxable income which needs to be deposited at the end of department. Income tax slabs and rates fy 2014 it assesment year. Here is the ready reckoner of tax slabs for the financial year 20. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be. For individuals below 60 years age including woman assessees. This return form is applicable for assessment year 201920 only, i. Assessment year 2014, relevant to financial year 2012.

Indian income tax slab rates updates this page is updated yearly with the indian income tax slab rates. A quick look at income tax slabs in india for financial year 201220 and tax assessment year 202014. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. In the budget 20 announcement the tax slabs has been.

Income tax rates and tax slab for financial year 201617 assessment year 201718 as per budget proposal 201617 new. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories surcharge and. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs. The cbdt has, vide notification dated 10520, made efiling of return compulsory for assessment year 2014 for persons. Ay 20 a return of income in 7 for assessment year 2014, having the following particulars middle name permanent account number income tax wardcircle sex date of. The lead section of this article may need to be rewritten. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 education cess on income tax. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year. Income tax slabsrates for fy 201718 and useful income tax deductions.

Currently we have listed slab rates from assessment year 199293 to 2014. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most. Tax slab for financial year 201220 file income tax. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. A rebate of rs 2000 will be available for income less than rs 5 lakhs. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Return of income can be filed in paper mode or in efiling mode. 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. Please note that the income of financial year 201220 is. Income tax return filing fy 2012 ay 2014 detailed faq. According to this classification, taxes may be classified as proportional. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be.

Income tax slab rates for financial year 201516 assessment year201617. Have a look at the past 25 years income tax slab rates for individuals in india. I have prepared an excel utility to calculate income tax for financial year 2014 assessment year 201415. Please click on the links below to view the income tax also written shortly as i. Income tax slabs and rate chart for ay 2014 fy 2012. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Income tax slabs and rates for fy 202021 bankbazaar.

Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. The previous income tax slab for year 201220 can be. New income tax return forms 2014 assessment year return forms for assessment year 2014. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay 2012. Tax rates as applicable for different persons for the a.

Latest income tax slabs and rates for fy 2012 and as. Income tax slabs income tax rates fy 2014 av 201415. Credit for amt paid in assessment year 2014 and subsequent assessment. It is deductible from incometax before calculating education cess. In india, to keep parity between the income by different class of. India income tax slabs for assessment year 2014 financial year 201220 general tax payers. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Income tax slabs fy 2012, ay 2014 in income tax finance minister pranab mukherjee increase the tax exemption limit from rs. Income tax rates in india and comparison with other countries and exemption limits. Income tax slab for financial year 201415 mytaxcafe. Latest income tax slabs and rates for fy 2012 and as 2012.

Income tax slab rates for financial year 2014 assessment year201415. Axis bank rtgs neft application form 2020 new format pdf free download. Salient features of the amendments made in the income tax ordinance. What is income tax, income tax slab for fy 201718, e.

India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. 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. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay. Click here to save tax with hdfc lifes various online insurance products. Income tax slab tells the tax rate at which you have to pay tax on income. Income tax rates in india and other countries tax slabs. Income tax slab rates for last 25 years in india 199293. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. For senior citizens the basis income tax exemption limit is rs 3. Axis bank demand draft form online download pdf format. The amount of rebate is 100 per cent of incometax or rs. 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. Income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000 upto 2 50 000 2 10 00 2 00 001 to 5 00 000 2 00 001 to 5 00 000 2 50 001 to 5 00 000 3 20 00 5 00 001 to 10 00 000 5 00. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of 80 years and more.

The slides show tax slabs for general tax payers age below 60. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. This is the income tax slabs for financial year 2012 and the analysis year 2014. There are lot of changes in tax rates and cess in the last 25 years. Tax slab for financial year 201516 assessment year 1617. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen. Thus we can say that tax payable in 10% slab will be maximum rs28,000 taking into account rs 2000 tax credit, but for people who fall in income range of rs5 lakh and above, the tax will be. As per the finance act, 2012, incometax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf. Income tax slabs for financial year 2014 goodreturns. The amount of income tax shall be increased by education cess on income tax at the rate of two per cent of the income tax.