The latest income tax slabs based on the union budget presented on 01 february 2018 calculate your tax based on the tax slabs for year 2018-2019 detailed split for general, women, senior citizen etc are provided india income tax slabs 2018-2019 for general tax payers and women income tax slab (in rs) tax. Income tax slabs & rates for assessment year 2013-14 please click on the links below to view the income tax (also written shortly as i tax or inc tax) slabs and rates for the assessment year 2013-14 (applicable on income earned during 01042012 to 31032013) for various categories of indian income tax payers. The union budget 2012-2013 announced by finance minister pranab mukherjee has amended the tax slab for individuals with regard to individuals : the exemption limit has been raised from 180000 to rs 20000 for both men and women. Note :- 1) surcharge is nil and 3% cess will be charged on above tax 2) age of senior citizen is = 60 years or more but less 80 years 3) corporate tax will be 30% and surcharge and cess will be nil.
2) income tax slab (senior citizens) (60 to 80 years age) income tax slab for individuals, huf, aop/boi & artificial juridical person (who is 60 years or more at any time during the previous year but less than 80 years on the last date of the previous year) ie born on or after april 2, 1938 but before 2, 1958. Income tax slab rate for ay 2018-19 for individuals: 11 individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year: taxable income. Here's how the income tax slabs, surcharges and deduction limits have changed over the past nine years 2009-10 basic exemption limit raised to rs 16 lakh (male taxpayers), rs 19 lakh (females) and rs 24 lakh (senior citizens) 10% surcharge on personal income tax removed 2010-11 tax slabs.
Union budget 2013-14 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit here is the ready reckoner of tax slabs for the financial year 2013-14 which. For 2012 – 2013, the basic exemption limit is rs2,00,000 for both men and women who are less than 60 years the rates of tax and level of total income are as under – income tax slabs for individual, huf, aop and boi income tax rates for co-operative societies income tax rate for partnership firms llp and local authority. The following it rates were applicable for the financial year ending march 31, 2013 (financial year 2012-13)-assessment year 2013-14): latest income tax slabs in india- (fy 2016-17 or as 2017-18. A tax is imposed on net taxable income in the united states by the federal, most state, and some local governments income tax is imposed on individuals, corporations, estates, and trusts the definition of net taxable income for most sub-federal jurisdictions mostly follows the federal definition.
Income tax slabs applicable for financial year 2015-16 (assessment year- 2016-17)is summarized below: men and women under 60 years up to ₹ 250,000: the minister of finance announced new tax rates for the 2012–2013 tax year they are as follows : tax brackets for the 2012 year of assessment taxable income tax on this income r0–r150,000. Income tax slabs: for previous year / financial year 2012-13 (assessment year 2013-14) as amended by finance act 2012 income tax slabs – 2012-13 – individuals / huf / boi / aop the tax slabs are different for men, women or senior citizens and are also different as per individuals income level. The federal board of revenue (fbr) has increased the number of tax slabs from five to six for the salaried class through amended finance bill (2012-2013) on the conscious policy decision of the government for provision of minimum tax relief to persons in the highest brackets of taxable income that is rs 2,500,000 and above.
Applicable tax rates in fy 2012-13 (ay 2013-14) for individuals april 22, 2013 by alok patnia the slab of income tax rates for fy 2012-13 (ay 2013-14) is to some extent. Government of india – income tax slab rates for ay 2015-2016 personal income tax rates for the financial year 2014-2015 and assessment year 2015-2016 tags: ay 2012-2013, government of india, income tax india, income tax rates, income tax slab leave a reply cancel reply. Income tax slab rates for financial year 2012-2013 ie, asst year 2013-2014 i in case of men less than 60 yrs and huf.
Income tax structure for the year 2012-13 (assessment year 2013-14) the income tax rates applicable for the financial year 2012-13 (assessment year 2013-14) have been revised the following is the new income tax structure for the year 2012-13. 2013-14 (fy 2012-13) check latest income tax slab for fy 2015-16 ay 2016-17 or an indian concern in pursuance of an agreement made with the indian concern after march 31, 1961, but before april 1, 1976. Domestic company income-tax: 30% of total income surcharge: 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 1 crore. Tax income tax income tax slabs and rates for fy 2014-15 and ay 2015-16 income tax slabs and rates for fy 2014-15 and ay 2015-16 x great news your experian credit score is now free check it in less than 3 minutes get free news about income tax slabs and rates.
The latest income tax slab to calculate your tax for year 2012-2013 based on budget 2012 budget tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Share this on whatsapp(last updated on: may 26, 2018)income tax slabs here are the income tax slab rates income tax slabs ay 2019-20 ( fy 2018-19 ) income tax slabs ay 2018-19 (fy 2017-18) income tax slabs ay 2017-18 ( fy 2016-17 ) refer topic wise commentary on income tax act share this on whatsapp. Union budget 2014 has amended the basic income tax slabs for financial year 2014-15, however there is no change in the income tax rates, surcharge and cess the basic exemption limit has been increased from rs 2 lakh to rs 25 lakh and for senior citizens from rs 25 lakh to rs 3 lakhs. 1 income tax slab for the fy 2017-18 & ay 2018-19 2 income tax slab for the fy 2016-17 & ay 2017-18 3 income tax slab for the fy 2015-16 & ay 2016-17.