Income tax slab for fy 2015 16 pdf file

Additional surcharge on income tax secondary and higher education cess on. Income tax service tax key highlights for fy 201516 ay 201617 click here. Every year the income tax rates are changed and it is important to get the latest income tax rates. Download income tax calculator ay 201617 in excel income tax calculator for financial year 201516, ay 201617 have been created in excel format for free download. Download tax computation ay 201516 file in xls format. Log on to efiling portal at if you are not registered with the efiling portal, use the. Income tax slabs income tax rates and deductions for fy 2017. Subordination and control of income tax authorities. Given below are the various tables for the latest income tax slabs for the fy 20202021. For example, if you have had an income between 1st april 2014 and 31 march 2015, then 201415 will be referred to as fy. File tds return on time to avoid penalty late payment fees.

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 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. Fy 201415 note the new government has presented the budget for ay 201516 on 10. Latest income tax slabs and rates for fy 201516 and ay 201617. Ay is assessment year latest income tax rates for fy 201516.

Income tax manual part 1 national board of revenue. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Individuals with taxable income below rs 5,00,000 are allowed to claim a tax rebate of rs 5,000 on tax payable from fy 201617. Latest income tax slabs for fy 20152016 calculate your tax based on the tax slabs for year 20152016.

As there was no change in income tax slabs for fy 201516 i. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2014 to march 31, 2015. Requirement for obtaining evidence particulars by employer for tdssection 192. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person.

Incometax slab rates for individual for fy 201617 ay. The exemption limit for income tax has also increased more than 10 times from rs. Tds calculation sheet in excel and slabs for fy 201516. Here is a primer on income tax slab rates for ay 201617 fy 201516. For individuals other than female taxpayers, senior taxpayers of 65 years and above, retarded taxpayers and gazetted warwounded freedom fighter, income tax is payable for the on first upto tk. Today i have gone to income tax department to file the return financial year 201415assessment year 2015 16, whereas the income tax officer has told me to pay penalty rs. Income tax rates 20142015 file income tax return online.

The income tax for senior citizens is calculated based on the basic salary, house rent allowance, fixed allowances, and other sources of income. Excel tds form16 automatic certificateay 201516 download. The finance minister has proposed to tax the super rich by increasing surcharge from 10% to 12% if the income earned is more than rs. Comparison of income tax slabs for fy 201718 and fy 201617. Income tax is that percentage of income paid to the government by the.

We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. The last date to file returns for the financial year 20142015 is july 31st 2015. 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 products, for the financial year 201718. Assessment year ay is the year in which you file returns i. Incometax slab rates for individual for fy 201516 ay. 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. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Even the lowest tax rate has gone down from 20% to 5%. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. For example, for the fy 201516, a taxpayer can file the revised return till end of next the financial year 20162017 i. Incometax slab rates for individual for fy 201516 ay 201617.

Income tax slabs for individuals are divided into 3 slabs. If individuals dont take exemptions and deductions, they would be taxed at reduced tax rates. Government of india income tax slab rates for ay 20152016. Net income range incometax rates health and education cess up to rs. My query is why i should pay the penalty, since the law is made on 1st april 2017 onwords and not to prior to that. Arun jaitley, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on thursday, july 10, 2014 in new delhi. Income tax slab rates for individualhuf for fy 201415. Income tax calculator for financial year 20082009 71. Income tax slabs income tax rates fy 201516 av 201617. Rates of income tax in respect of income liable to tax for the financial year 2015 2016 assessment year 20162017. In this post i restrict my subject towards new tax slabs for fy 201415.

Download it slabs from fy 200809 to fy 201516 file in. Optional new tax regime no change in the existing tax slab rates, but a new tax regime has been proposed. This file includes income tax calculator, it form, form 16 and hra calculator. Income tax slab rates for financial year 201516 have not been changed much in budget 2015. Several websites offer income tax calculators in an excel sheet format which can be downloaded. Financial year 2015 16 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Income tax slabs income tax rates fy 201415 av 201516. Steps to file your indian incometax return quickly with. Now you can scroll down below n download income tax calculator for fy 2015 16 in excel format. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Download income tax calculator for fy 2015 16, download latest income tax calculator for ay 201617 or fy 2015 16 in excel format. Today i have gone to income tax department to file the return financial year 201415assessment year 201516, whereas the income tax officer has told me to pay penalty rs. Or else to known the latest amendments for the person having salary income, slab rates, importance of tds and much more keep reading.

Forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files, fillable files and. Income tax calculator for india, download excel based tool. Detailed split for general, women, senior citizen etc are provided. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax on arrears.

Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with revise correct your incometax return. Here a user can find latest articles and post related to finance and tax professional of india, and can also seek answers to questions through out q and a. Minor changes has been made in tds rates for fy 2015 16 by finance minister in budget. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Income tax slab rates for fy 20142015 ay 20152016 reply how to file income tax return itr online for free using excel upload july 8, 2018 at 5. Income tax slabs and rates for fy 202021 bankbazaar. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Tax slab for financial year 201516 assessment year 1617. Income tax forms for assessment year 20152016 is released by income tax department for assessment year 20152016, every person not being a co.

Earlier employer may collect such evidence which he deems fit to allow deduction or set off of house property income from salary income to employee,now department will. Personal income tax rates for the financial year 20082009 and assessment year 20092010 new delhi delhi, india, november 17, 2015 indian government ups basic personal income tax exemption limit from rs. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Latest income tax slabs and rates for fy 201516 and ay. Income tax calculation for senior citizens fy 202021. Union budget has made the following changes that would affect the computation in form 16. Dec 20, 2015 0 comments fy 201516 tax rate applies to income earned between 1 st april 2015 and 31 st march 2016. Income tax rates tax slab for fy 20142015 ay 20152016. Latest income tax slabs for fy 20142015 calculate your tax based on the tax slabs for year 20142015.

Income tax slabs for financial year fy 201516 sa post. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. 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. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups. Steps to file your indian income tax return quickly with. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Tax slabs for financial year 201415 or assessment year 201516.