The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Quick links to download printable income tax return forms for the assessment year 201112 in pdf format. Download tax rates financial year 201011 relevant to assessment. If you want to continue this discussion or have a follow up question, please post it on the network. Tax slab for fy 201011 ay 201112 particulars slab tax rate women assesses up to 1,90,000 nil. To help you, here are quick links to the latest itr forms for this years filing fy 201011, ay 201112. Income tax slab for ay 202021 pdf download central. New income tax slab for fy 201011 central government. Income tax in india is structured to be progressive. In the following sections we will discuss the income tax rates for fy 20182019 ay 20192020.
Anybody can help regarding new tax slab rates like income tax, tds, professional tax etc. Net income range income tax rates health and education cess up to rs. New income tax slab proposed in budget 2010 11 and its impact on male individual, female individual, huf and senior citizen. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Updated income tax slabs for individuals, huf, association of persons aop and body of individuals boi for fy 201011.
Select, 202122, 202021, 201920, 201819, 201718, 201617, 201516. Mar 02, 2010 income tax new income tax slab for fy 2010 11. The interim budget for fy 201920 has introduced full tax rebate under section 87a for individuals earning a net taxable income upto rs. May 05, 2011 further, in the fy 201112 ay 2012 men assessees will also get additional basic exemption limit of rs. It divides a taxpayers income into different parts and taxes them differently. New income tax slab for fy201011 central government. Income tax slab rates fy 202021ay 202021 aegon life. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income upto rs. Aug 11, 2011 income tax rate slab ay 201112 1011 0910 0607 0809 0708 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. Feb 27, 2010 new income tax slab proposed in budget 2010 11 and its impact on male individual, female individual, huf and senior citizen. In the following sections we will discuss the income tax rates for fy 20182019 ay 20192020 and some other key features of income tax in india. Apr 09, 2010 new india income tax slab for fy 2010 11 for individual. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi.
Income tax ratesslab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. 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.
Rs 12,500 or 100% of income tax whichever is lower for individuals with income below rs 5 lakhs. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Professional tax slab for tamil nadu jpg download archive. India income tax slabs 20102011 for general tax payers. The highest tax slab has now been raised from rs 5 lakh to rs 8 lakh. Income tax slabs income tax rates fy 201112 av 2012. 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 rates chart for individuals, hufs, association of persons, body of individuals for a. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. Latest income tax slabs for fy 20112012 here are the latest slabs for the income tax for the income incurring in fy20112012. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Income tax is one thing which every salaried man on the street is interested in. For individuals, hufs and firms other than llp being a resident having total income upto rs.
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%. 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. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Income tax rates slab for assesment year rate % 201112 f y 2010 11 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the. Income tax rates for fy financial year 201112 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories. For normal category the simple calculation is as follows. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Apr 23, 2010 23 april 2010 income tax slabs for individual taxpayers to be as follows current proposed income upto rs 1. New income slab for individual income slab tax income slab tax income upto rs 1,60,000. Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen savings scheme retirement december 22, 2019 income tax rates. Incometax slab rates for individual for fy 201516 ay 2016. Download latest income tax return itr forms for fy 201011. Apr 14, 2020 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 2010 11 fy 200910 resident male individuals aged less than 65 years.
New india income tax slab for fy201011 for individual. Income tax slab for individual fy 2010 11 slideshare. Taxable income in 10% slab maximum tax will be rs 32000. 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. Apr 22, 20 the slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 11 12 ay 2012. Under section 87a of the income tax act, taxpayers with income up to. Another significant change in this budget was abolishing lower tax slab for women. Even the lowest tax rate has gone down from 20% to 5%. How your income tax has changed over the last 9 years. Aug 11, 2011 income tax rates slabs ay 2010 11 individual huf boi aop the rates for assessment year 2010 11 is given in the table below. Incometax slab rates for individual for fy 201617 ay 2017. If you continue browsing the site, you agree to the use of cookies on this website. For senior citizens age 60 years or more but less than 80 years.
Heres how the income tax slabs, surcharges and deduction limits have changed over the past nine years 200910 basic exemption limit raised to rs 1. Here are the links to the latest itr forms needed for this years income tax return filing fy 201011, ay 201112 july is almost over, and you are in a hurry to fill up and file your income tax returns. 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. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Apr 10, 2018 income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Tax slab for fy 2010 11 ay 201112 particulars slab tax rate women assesses up to 1,90,000 nil. Income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Download form 16 in excel format for ay 202021 fy 201920 download form 16 in excel format for ay 201920 fy 201819 budget 2020 was released by the central government and introduced new income tax slab rates, but the salary holders can choose either old income tax slab system or new slab system as per their choice. Download latest income tax return itr forms for fy 2010. Latest income tax slab rates for your quick reference. Mar 03, 2020 download form 16 in excel format for ay 201920 fy 201819 budget 2020 was released by the central government and introduced new income tax slab rates, but the salary holders can choose either old income tax slab system or new slab system as per their choice. Income tax slab rates for last 25 years in india 199293. Download income tax return forms for assessment year 2011. Given below are the various tables for the latest income tax slabs for the fy 20202021.
Log on to efiling portal at if you are not registered with the efiling portal, use the. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. 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. 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. Mar 03, 2018 in addition to the above, a tax credit of rs.
For individuals, huf, association of persons aop and body of individuals boi. Mat credit to be carried forward for set off for ten years from assessment year 201011. The exemption limit for income tax has also increased more than 10 times from rs. To help you, here are quick links to the latest itr forms for. Form 16 in excel format for ay 202021 free download. Dec 02, 2010 1 the advance tax paid by the assessee on his current income on or before the 15th day of september is less than 30% of the tax due on the returned income or the amount of such advance tax paid on or before the 15th day of december is less than 60% of the tax due on the returned income, then, the assessee shall be liable to pay simple interest. Year 2010 2011 this income tax slab table can be used as a ready reference in calculating your income tax for year 2010 11. Income tax slab new income tax slab for fy 2010 11.
Further, in the fy 201112 ay 2012 men assessees will also get additional basic exemption limit of rs. Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. India income tax slabs 2010 2011 for general tax payers. Income tax ratesslab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few. 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. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Dont worry, ill be a techie only update 2 feb 28, 2011 income tax exemption limit for individuals raised from rs 1. Mat credit to be carried forward for set off for ten years from assessment year 2010 11. For example for fy 201011, the basic exemption limit for men aged up to 65. Jul 31, 2010 professional tax slab of ap for fy 201011. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. New income tax slabs for 201011, 201112, update 2012. Income tax slab rates specify the threshold annual income limits at which a higher or lower rate of tax is applicable.