Tax slab for assessment year 2013-14 pdf

Income tax amendment for the assessment year 201415. Assessment year 2014, relevant to financial year 2012. 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. You are required to calculated by looking into the options that you fits in and then based on your total income for the financial year. Tax calculator will make your income tax calculation very easy. Latest income tax slabs and rates for fy 2012 and as 2014. There is no other benefit as compared to previous financial year. Taxpayers will also receive a significant relief if the current tax slab of 10% is extended to rs. 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. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. We have provided the tax deduction rates chart for financial year 2014.

Assessment year 201415, relevant to financial year 2014. Income tax slab rate for assessment year 202014 tax. For individuals, huf, association of persons aop and body of individuals boi. Please find given below the forms issued by income tax department for returns filing as per categories mentioned below. What is the income tax slab rate for assessment year 202014. These rates are subject to enactment of the finance bill 2012.

Women below 60 years of age this category is abolished from. First fy 2014 fy 2014 means assessment year 201415. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Download indian income tax calculator fy 2014 in excel. Latest income tax slabs and rates for fy 2012 and as.

In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Latest income tax slabs in india fy 201617 or as 201718 income range. Minor changes have been made in tds rates for fy 2014 by finance minister in budget. The new income tax rates or income tax slabs are effective from april 01, 2012. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories.

Assessment year 201920, in case of a unit located in an ifsc which derives its income solely in convertible foreign exchange, the rate of amt under section 115jf shall be at. Income tax 2014 changes made in income tax provisions in the union budget 2014 which would affect salaried class income tax structure and provisions relating to central government employees and pensioners for the year 2014 assessment year 201415. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. The only benefit this financial year is there is a tax credit of rs 2000 for people having an annual income up to rs 5 lakh. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Calculate tax liability for ay 201415 income slabs tax ratesi. In the case of a resident individual of sixty years or more but less than eighty years, the basic exemption limit is inr 250,000. It is the major source of revenue to the government. Given below are the various tables for the latest income tax slabs for the fy 20202021. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. 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. Who is 60 years or more at any time during the previous year,but less than 80 year as on the last day of the previous year i.

All deductions and rebates are allowable except certain deductions where the conditions of filing return within due. Income tax slabs for assessment year 2014 financial. Rate of income tax for individual a slab rate assessment year 201415 highlights of change in direct taxes in the union budget 20 1. India income tax slabs for assessment year 2014 financial year 201220 general tax payers income tax slab in rs. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Please click on the links below to view the income tax also written shortly as i.

Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. Thus we can say that tax payable in 10% slab will be maximum rs28,000 taking into account rs 2000 tax. A in case of individual including women whose age is not more than sixty years. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. Ministry of finance has come up with many changes with regard to filing income tax return for the assessment year 2014 relating to the financial year 2012. Tax slab for financial year 201516 assessment year 1617. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Applicable tax rates in fy 2012 ay 2014 for individuals april 22, 20 by alok patnia 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. Income tax slab rates for financial year 2014 assessment year201415.

For individuals below 60 years age including woman assessees. 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 applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. In the case of a person being an individual where the total income includes income chargeable to income tax, under the head. Income tax ratesslab for assesment year rate % 2011. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Government of india has increased the basic personal income tax exemption limit from rs.

The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Here is the ready reckoner of tax slabs for the financial year 2014 which. Taxable income in 10% slab maximum tax will be rs 32000. Income tax slabs for financial year 2014 goodreturns. Government of india income tax slab rates for ay 202014.

The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here free income tax. Increase of tax savings through infrastructure bonds may be allowed for up to rs. Tax rates for financial year 2012 assessment year 2014 based on the age group tax rates are specifically defined. Income tax rates for assessment year 20142015 previous year 2014. Free income tax calculator for assessment year ay 2018. As it is announced by fm that no revision in income tax structure for the year 2014 assessment year 201415, the income tax structure for the year 2012 to continue which given as follows. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for. Previous year income tax rates for individuals tax2win. The basic exemption limit has been increased from rs 2 lakh to rs. Income tax slab rates for financial year 2014 assessment year 201415.

Income tax slab for filing tax return on income in india. For senior citizens age 60 years or more but less than 80 years. Assessment year 201920, in case of a unit located in an ifsc which derives its income solely in convertible foreign exchange, the rate of. New income tax return forms 2014 assessment year return forms for assessment year 2014. Today we are discussing on income tax slab rate for assessment year 202014 of all form of business, reason behind discussion is that because the last date of filling belated return for f. Income tax 2014 changes in budget affecting salaried. Income tax rates 20142015 for filing individual tax returns. General rate slab rate for individual resident aged below 60 yearsnri huf aop boi income slabs tax rates where the taxable income does not exceed rs. This is the income tax slabs for financial year 2012 and the analysis year 2014. For normal category the simple calculation is as follows. Latest income tax slabs and rates for fy 2012 and as 2012. In case of individual other than ii and iii below and huf.

Calculate indian income tax with our free income tax calculator in excel, according to. Income tax rates for financial year 2012 and ay 2014. Income tax ratesincome tax slab for assessment year 202021 previous year. You can file tax return us 94 called late return upto 31032016.

Income tax slab rates for year 2014, income tax rates for year 2012, income tax rates for 1011,1112,12,1415, income tax rates for individual, income tax rates for salaried persons, income tax rates for company. Income tax slab rates for ay 2014 fy 2012 resident individuals aged less than 60 years male or female. 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. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. From assessment year 2014, alternative minimum tax amt is also applicable on the cooperative societies. 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. Tds calculation sheet in excel and slabs for fy 2014. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415.