Nnincome tax slab for fy 2015-16 ay 2016-17 pdf

Special tax rates applicable to a cooperative societies. The tax slab for fy 201617 for cooperative societies, firms local authorities and llps will continue at the same rate as the previous financial year. Income tax slab rates 201718 pdf download ay 201819. The first step to understand the workings of income tax in india is to be aware of the taxation slabs released each financial year by the indian government and various deductions. Income tax slabs income tax rates and deductions for fy 2017. Now i am giving you the tax slab and rates of the financial year 201617. Income tax slabs for financial year 201718 assessment year 1718. As there was no change in income tax slabs for fy 201516 i. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge. For the purpose of ascertainment of the applicable tax slab.

This interest i have clubbed with my income and paid income tax accordingly. Please intimate how much rebate i will get in income tax on tptl i. Income tax slabs income tax rates fy 201415 av 201516. Please guide me whether the amount of rs 91,325 is again to be clubbed with my income for fy 201415. Every year the income tax rates are changed and it is important to get the latest income tax rates. Incometax slab rates for individual for fy 201516 ay 201617. Below are the income tax slab rates for fy 201617 or ay 2017 18. For instance fy 202021 has just ended and you are required to pay taxes for this fy in ay 202122. 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. Therefore, i thought to update the tax slab rates for fy 201516 ay 201617 considering the budget 2015. The income tax slab for individuals, females, senior citizen remains same in the fy 201617. However, for assessment year 201819, tax rate would be 25% where turnover or gross receipt of the company does not exceed rs.

The surcharge will be applicable if the income exceeds rs. The finance act, 2020 has inserted a new section 115bad in incometax act to provide an option to the cooperative societies to get taxed at the rate of 22% plus 10% surcharge and 4% cess. Cooperative societies, firms local authorities and llps. Income tax slab rates for fy 201718 ay 201819 india. Incometax slab rates for individual for fy 201516 ay 201617 incometax slab rates for individual for fy 201415 ay 201516. Income tax slabs for financial year 201516 or assessment. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Today we are providing income tax slab rates for assessment year 201617. Income tax slab rates for fy 201617 ay 201718 budget. Arun jaitley presented the union budget on 29 february 2016. How income tax structure, slabs in budgets over last 4 assessment. Income tax slabs for ay 201819 fy 201718 for the assessment year 201819, a domestic company is taxable at 30%. All assessees are required to file income tax return each year if they have taxable income of more than rs. The income tax rate for the fy 201516 and assessment year 2016 17 is as follows.

Tax reduced from 10% to 5% for income from rs 2,50,000 rs 5,00,000. Income tax slabs for fy 2016 17 ay 201718 for firms in the case of firms, the rate of income tax has been specified in paragraph c of part iii of the first schedule to the bill. Your income from salary, business or other income like income from fixedrecurring deposits etc are taxed as per income tax slabs. India income tax slabs 20162017 for general tax payers and women. Incometax slab rates for individual for fy 201617 ay. Income tax slabs and rates for fy 202021 bankbazaar. But the tax slabs have not been changed for the last few years. The income tax slabs defined for fy 201617 are also applicable for the fy 201516 ay 201617 and fy 201415 ay 201516. Following are the major highlights of the latest income tax slab. This article provide quick excel income tax calculator for fy 201516 ay 201617 for individual resident whose age is below than 60 years i. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Income tax slabs income tax rates fy 201516 av 201617.

The income tax slab is remain unchanged in this financial year. However, there are few changes to this budget when it comes to tax slabs. Ca sandeep kanoi, income tax rate chart, income tax rates, rate chart, tax rate changes, tax rates. Tax slabs for financial year 201415 or assessment year 201516. Income tax rates tax slab for fy 20152016 ay 20162017. Income tax slab for individual tax payers under age 60. However, the surcharge shall be subject to marginal relief where. Budget 2017 has made slight changes to the tax slab rates. Income tax slabs for financial year 201617 fintrakk. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax slab rates for the current assessment year 201819. Quick excel income tax calculator for fy 201516 ay 201617. Normal rates of tax applicable to all individuals who are less than 60 years of age.

In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Comparison of income tax slabs for fy 201718 and fy 201617. These tax rates are applicable on the income earned during 1 april 201631 march 2017. Here is a primer on income tax slab rates for ay 201617 fy 201516. In this post i restrict my subject towards new tax slabs for fy 201415. The latest income tax slabs for ay 201920, ay 202021 and ay 202122 are. Income tax rate slab changed for financial year 201415 and the analysis year 201516 on the union budget. Latest income tax slabs and rates for fy 201516 and ay. Latest income tax slabs and rates for fy 201617 and ay. Incometax slab rates for individual for fy 201617 ay 201718 mitra 1. Income tax slab rates fy 201516 alternative minimum tax amt alternative minimum tax is applicable on all persons other than companies. The above income tax rates are for general category men women who are below 60 years of age. There is no change in the basic tax rate and exemption limit for individual, hindu undivided family, association of person, body of individuals and artificial juridical person in assessment year 201617 in comparison to a.

Download income tax slab for ay 2016 17 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 2016 17. Now in fy 201415 ay 201516 she has reinvested the entire amount principal plus interest in same bank fd and again got interest income of approx rs 91,325. Income tax slab rates for individual for fy 201516 ay 2016 17 steps to file your indian income tax return quickly with revise correct your income tax return. Hdfc life provides the latest income tax slab rates and deductions in india for.

The normal tax rates applicable to a resident individual will depend on the age of the individual. Fy 201516 note the government has presented the budget for ay 201516 on 28. Income tax slabs ay 201415 fy 2014 income tax slabs ay 201516 fy 201415 income tax slabs ay 2016 17 fy 201516 income tax slabs ay 201718 fy 2016 17 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. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Income tax slabs for financial year 201516 or assessment year 201617. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617 save tax with hdfc lifes various online insurance products. Ay is assessment year latest income tax rates for fy 201516. Assessment year 201920 these will be effective on income earned during 01. Calculate your tax based on the tax slabs for year 20162017. Surcharge and education cess see note income tax slab rates 201718 pdf download. See below income tax slab rates for individual resident aged below 60 years, senior citizen, super senior citizen, any nri huf aop boi ajp, cooperative society, firm, local authority, domestic company and other company for assessment year ay 201617. Calculate your income tax with taxmann income tax calculator.

Many of you already know the budget implications on your finance. For more information check out how to calculate taxable income on salary. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as. Fy 201415 note the new government has presented the budget for ay 201516 on 10. The income tax slabs are the same as that of financial year 201516 income tax is calculated on the taxable income of an assessee as per the income tax slab rates that are applicable for the relevant financial year. Here is quick guide of tax bracket for individuals depending on the income. Now income tax exemption is raised by 50000 to 250000. Detailed split for general, women, senior citizen etc are provided. Budget 2015new tax slabs and rates for fy 201516 ay. This rate will continue to be the same as that specified for financial year 201516. Tax slab for financial year 201516 assessment year 1617. We give below the income tax rates and slabs applicable for the fy 201617 or ay 201718.

March 9, 2017 as per the union budget 2016,there has been no change in the income tax slab rates for the financial year 201617. Ay 201617, the following rates were also applicable for fy 201415 ay 201516 latest. Importance the first step to understand the workings of income tax in india is to be aware of the taxation slabs released each financial year by the indian government and various deductions defined under different sections of the income tax act, 1961. All the data listed above is for the fy 202021 and ay 202122. Incometax slab rates for individual for fy 201516 ay. You should take account of this income tax slab rate. Income tax slab rates for fy 201819 ay 201920 studycafe. Ay 20152016 as amended by budget 2014 are as follows.