Income tax slab rate for fy 2012-13 pdf

Add surcharge surcharge is 10% of incometax rebate us 88e is not available w. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. This is the income tax slabs for financial year 2012 and the analysis year 2014. As there was no change in income tax slabs for fy 201516 i. 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. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. 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 201011 fy 200910 resident male individuals aged less than 65 years.

Rate of tax for individuals for financial year 2012 is as follows. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Income tax slabs financial year 2014 rgess eligible nsebse shares list. The above rates include changes implementing changes announced in the 201819 federal budget. The new tax slab rate was rxte but changes are not of much significant. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. 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.

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. 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. Income tax income tax rates ay 2012 fy 2011 referencer. 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. Income tax is one thing which every salaried man on the street is interested in. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Last 25 years income tax rates linkedin slideshare. Income tax slab rate for fy 2012 pdf income tax rates. An individual or a hindu undivided family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limitsrs.

It is very important to take correct rate for claiming depreciation. This category is abolished from this year and is thus is same as that of. Taxable income in 10% slab maximum tax will be rs 32000. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. Jan 20, 2020 the new tax slab rate was rxte but changes are not of much significant. Income tax rates slabs for the financial year 20112012 a. 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. 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. The amount of income tax shall be increased by education cess on income tax at the rate of 2% percent of the income tax payable by both. Income tax slabs income tax rates and deductions for fy 20. The rate of income tax is charged in accordance with the income tax slab system.

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. Latest income tax slabs and rates for fy 2012 and as. Income tax slab indicates the annual income limits of an individual and the rates at which such income will be chargeable. Latest income tax slabs in india fy 201617 or as 201718. Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs. Health and education cess is levied at the rate of 4% on the amount of incometax plus surcharge.

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. Slabs for income tax rates are divided in following categories. Dec 16, 2019 income tax slab rate for fy 2012 pdf income tax rates. In this budget, a full tax rebate was announced for all the tax paying assessees who have a taxable income of up 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. There is no change in tax structure for woman and senior citizens. The revised income tax slabs and rates for financial year 201920 the interim budget for 2019 was recently announced on 1 february 2019. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. 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. The exemption limit for income tax has also increased more than 10 times from rs.

Tax slab for financial year 201516 assessment year 1617. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. If you are under the age of 18, and receive unearned income for example. 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.

The tax rates increase with the increase in income of an assessee. 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. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Applicable to individual male below the age of 60 years and huf. Jul 01, 2012 an individual or a hindu undivided family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limitsrs. Based on the annual income earned by an individual, the following table. Income tax rates applicable for the financial year fy 2012 and assessment. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Another significant change in this budget was abolishing lower tax slab for women.

Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Apr 16, 2015 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. 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 1112 ay 2012. For normal category the simple calculation is as follows. Income tax rates for financial year 2012 and ay 2014. 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. Mar 16, 2019 admin march 16, 2019 march 16, 2019 no comments on income tax slab rate for fy 2012 pdf income tax rates. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. Latest income tax slabs and rates for fy 2012 and as 2014.

Ay 201617, the following rates were also applicable for fy 201415 ay 201516. For senior citizens age 60 years or more but less than 80 years. Incometax slab rates for individual for fy 201617 ay 2017. Fintotal knowledge income tax slabs financial year 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.

There will be no surcharge on income tax payments by partnership firm and cooperative society while for domestic company surcharge will be 5% and anad 2% on foreign company for fy 2012 ay 2014. Every year the income tax rates are changed and it is important to get the latest income tax rates. Individual income tax rates australian taxation office. Below are rates of depreciation for income tax for ay 1920 or fy 1819 for your referance. Last 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415 by shankar bose inspector of income tax oo the principal chief commissioner of income tax, odisha, bhubaneswar 2. 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 ratesslabs for financial year 201112 assessment.

Rates of depreciation for incometax for ay 1920 or fy 1819. Find updated latest income tax slab rates in india for individuals, company, nri, huf, llps. Income tax rates for assessment year 199293 income slab rs. Latest income tax slabs rates for fy 2012 and as 2014. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slab rate for fy 201112 2012 income tax. Income tax depreciation is very important expense from tax perspective.

Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Incometax slab rates for individual for fy 201516 ay 2016. Income tax slab rates for last 25 years in india 199293 to.