Nnnnnincome tax slab for assessment year 2012-13 pdf

Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Fintotal knowledge the best place to learn more on personal finance. Additional deduction for investing up to rs 20,000 in infra bonds under. Income tax slabs for assessment year 2014 financial year. Income tax return statistics assessment year 2012 version 2. Long term capital gains a on equity shares and units. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too.

Financial year 201516 assessment year 201617 every year the income tax rates are. How your income tax has changed over the last 9 years. The new and revised income tax slabs and rates applicable for the. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs. Here are the latest slabs for the income tax for the income incurring in fy2011 2012. 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 new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. 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. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. Here is the ready reckoner of inomce tax slabs for the financial year 2014 which will help you while filing tax. Free income tax calculator for assessment year ay 20182019 and ay 20172018 with new budget changes. Income tax slab rates for last 25 years in india 199293.

For income between rs 510 lakh the tax bracket will be 20%. For resident woman who is below 65 years of age at any time during the previous year. For individuals below 60 years age, other than woman assessees. Income tax department income tax return statistics. Income tax slab rates for financial year 2014 assessment year201415. Income above rs 10 lakh will now come under the 30% tax bracket. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. New income tax slabs for 201011, 201112, update 2012. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. Income tax rates for assessment year 199293 income slab rs.

Income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000. For senior citizens age 60 years or more but less than 80 years. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen. In case of individual being a woman resident in india and below the age of 60 years at any time during the previous year. Rules 12 for filing of income tax return has been amended and now individual huf having income exceed 10 lakh have to e file their return with or without digital signature. Income tax department income tax return statistics assessment. Union budget 2014 has amended the basic income tax slabs for financial year 201415, however there is no change in the income tax rates, surcharge and cess. Past 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415. Currently we have listed slab rates from assessment year 199293 to 2014.

The new and revised income tax slabs and rates applicable for the fy 2012 and ay 2014. Taxable income in 10% slab maximum tax will be rs 32000. For income upto rs 2 lakh, the tax deduction will now be nil. The finance minister, in the budget today, revised the income tax slabs for the financial year 20102011. Income tax rates income tax slabs for assessment year 2012.

Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Latest income tax slabs in india fy 201617 or as 201718. Income tax rates slabs for the financial year 20112012 a. India income tax slabs for assessment year 2012 financial year 20112012 general tax payers income tax slab in rs.

Income tax rates for financial year 2012 and ay 2014. Assessment year 202122 assessment year 202021 up to rs. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and. Income tax slabs income tax rates fy 2014 av 201415. 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. Mar 16, 2012 new march 16, 2012 finance minister pranab mukherjee today announced the indian budget for 2012, which also introduces revised income tax slabs for fy 201220. Indian income tax slab rates updates this page is updated yearly with the indian income tax slab rates. Computation of age if an individual attains age of 60 or 80 during the year, then his age should be regarded as 60 or 80 as. 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. The revised income tax slabs and rates for financial year 201920 the interim budget for 2019 was recently announced on 1 february 2019. Income tax slabs for fy 2012, what are income tax rates for individuals, hufs, firms and corporate. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry.

So, there will be an additional saving of rs 22000 in tax if your taxable income is rs 10, 00,000 as compared to previous year. For those with an income between rs 25 lakh the tax deduction would be 10%. Income tax slab rates for financial year 201516 assessment year201617. Latest income tax slabs and rates for fy 2012 and as 2012. For more detail on these rates, see tables confirming tax and tax credit rates and thresholds for 2012 57kb pdf. 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. 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.

Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 201112. Jul 27, 2011 income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. Income tax slab rates for financial year 2014 assessment. Please note the assessment year for this will be ay 202014. Income tax slabs for assessment year 2014 financial. However, since 2012, this difference in basic exemption limit has been. Income tax slab rates for financial year 201516 assessment. Net income range income tax rates surcharge education cess upto rs. Income tax rates, income tax slabs for assessment year 2012 by vishal vijay gupta and co. Aug 11, 2011 income tax rates slabs ay 200910 individual huf boi aop the rates for assessment year 200910 is given in the table below.

Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs. Income tax rates income tax slabs for assessment year. Another significant change in this budget was abolishing lower tax slab for women. From 2012, women were also a part of the general slab. Please click on the links below to view the income tax also written shortly as i. Income tax slabs financial year 2012 january 30, 20. Due date to file income tax return for assessment year 2012 for non audit cases is 31. Income tax slab rates for last 25 years in india 199293 to. Income tax income tax rates ay 2012 fy 2011 referencer. Who is 60 years or more at any time during the previous year,but less than 80 year as on the last day of the. Applicable to individual male below the age of 60 years and huf.

Tax rates as applicable for different persons for the a. Tax slab for financial year 201415 assessment year 1516 for men below 60 years of age for senior. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Income tax ratesslabs for financial year 201112 assessment. Financial year, assessment year and previous year, do these commonly used income tax jargons often confuse you. The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. Income tax is one thing which every salaried man on the street is interested in. Subramanian, chief economic advisor, and a member of the central board of. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Income tax slab rates for individuals malefemale less than 60 years age income tax rates applicable. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Jan 29, 2018 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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.

The good news is the income tax slabs has been altered by the finance minister pranab. Plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. Latest income tax slabs and rates for fy 2012 and as. Long term capital gain arising on transfer of equity shares in a recognized stock exchange in india or units of an. Jan 24, 20 plzz anyone can tell me the slab of professional tax in maharashtra for f y 2012 income tax. For normal category the simple calculation is as follows. In this budget, a full tax rebate was announced for all the tax paying assessees who have a taxable income of up to rs. These tables reflect announcements made between december 2011 and march 2012. Latest income tax slabs and rates for fy 2012 and as 2014. Income tax slabs for financial year 2014 goodreturns. 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. Assessment year 201415 relevant to financial year 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.

How your income tax has changed over the last 9 years in budget 2010, income tax slabs were changed. Income tax rates applicable for the financial year fy 2012 and assessment. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. In case of an individual resident who is of the age of 60 years or more but. Last 25 years income tax rates linkedin slideshare. Fintotal knowledge income tax slabs financial year 2012. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. The statistics were generated from efiled returns digitally. Tax slab for financial year 201516 assessment year 1617. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories surcharge and. In case of individual other than ii, iii and iv below and huf. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. Assessment year 2012, relevant to financial year 201112.

Learn more about the income tax slab for women, tax. The income tax exemption limit has been increased to rs. Latest income tax slabs rates for fy 2012 and as 2014. This is the income tax slabs for financial year 2012 and the analysis year 2014.