Income tax slab for fy 2015 16 pdf file

Fy 201516 note the government has presented the budget for ay 201516 on 28. 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. The exemption limit for income tax has also increased more than 10 times from rs. Forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files, fillable files and. In this post i restrict my subject towards new tax slabs for fy 201415. 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. 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. The following income tax rates are applicable for the financial year ending march 31, 2016 i. This file includes income tax calculator, it form, form 16 and hra calculator. Assessment year ay is the year in which you file returns i. Net income range incometax rates health and education cess up to rs. Incometax slab rates for individual for fy 201516 ay 201617. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows.

Income tax slabs income tax rates and deductions for fy 2017. Income tax slab rates for financial year 201516 have not been changed much in budget 2015. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Incometax slab rates for individual for fy 201516 ay. 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. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax.

Additional surcharge on income tax secondary and higher education cess on. Income tax service tax key highlights for fy 201516 ay 201617 click here. Government of india income tax slab rates for ay 20152016. Income tax is that percentage of income paid to the government by the. 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. 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. Rates of income tax in respect of income liable to tax for the financial year 2015 2016 assessment year 20162017. 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. For example, if you have had an income between 1st april 2014 and 31 march 2015, then 201415 will be referred to as fy. Fy 201415 note the new government has presented the budget for ay 201516 on 10. Tds calculation sheet in excel and slabs for fy 201516. Download it slabs from fy 200809 to fy 201516 file in. 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.

Given below are the various tables for the latest income tax slabs for the fy 20202021. 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. Excel tds form16 automatic certificateay 201516 download. 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. 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. For example, for the fy 201516, a taxpayer can file the revised return till end of next the financial year 20162017 i. Log on to efiling portal at if you are not registered with the efiling portal, use the. Click here to save tax with hdfc lifes various online insurance products. 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.

Income tax manual part 1 national board of revenue. 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 calculation for senior citizens fy 202021. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Income tax slabs and rates for fy 202021 bankbazaar. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. 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. Union budget has made the following changes that would affect the computation in form 16. 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. Here is a primer on income tax slab rates for ay 201617 fy 201516. Comparison of income tax slabs for fy 201718 and fy 201617. Even the lowest tax rate has gone down from 20% to 5%. Several websites offer income tax calculators in an excel sheet format which can be downloaded.

As there was no change in income tax slabs for fy 201516 i. Requirement for obtaining evidence particulars by employer for tdssection 192. Detailed split for general, women, senior citizen etc are provided. Ay is assessment year latest income tax rates for fy 201516. Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000.

Incometax slab rates for individual for fy 201617 ay. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. 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. 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. Latest income tax slabs and rates for fy 201516 and ay. The above income tax rates are for general category men women who are below 60 years of age. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Latest income tax slabs and rates for fy 201516 and ay 201617.

Income tax slabs for individuals are divided into 3 slabs. Every year the income tax rates are changed and it is important to get the latest income tax rates. The last date to file returns for the financial year 20142015 is july 31st 2015. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Subordination and control of income tax authorities. Now you can scroll down below n download income tax calculator for fy 2015 16 in excel format. Income tax calculator for india, download excel based tool.

Latest income tax slabs for fy 20152016 calculate your tax based on the tax slabs for year 20152016. 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. Latest income tax slabs for fy 20142015 calculate your tax based on the tax slabs for year 20142015. Download tax computation ay 201516 file in xls format. Or else to known the latest amendments for the person having salary income, slab rates, importance of tds and much more keep reading. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Tax slabs for financial year 201415 or assessment year 201516. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30.

The income tax for senior citizens is calculated based on the basic salary, house rent allowance, fixed allowances, and other sources of income. 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. 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 slabs income tax rates fy 201516 av 201617. Income tax calculator for financial year 20082009 71. File tds return on time to avoid penalty late payment fees. Minor changes has been made in tds rates for fy 2015 16 by finance minister in budget. Optional new tax regime no change in the existing tax slab rates, but a new tax regime has been proposed.

Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with revise correct your incometax return. 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. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Income tax slab rates for individualhuf for fy 201415. Income tax slabs income tax rates fy 201415 av 201516. If individuals dont take exemptions and deductions, they would be taxed at reduced tax rates. Income tax slabs for financial year fy 201516 sa post. Tax slab for financial year 201516 assessment year 1617. Download income tax calculator for fy 2015 16, download latest income tax calculator for ay 201617 or fy 2015 16 in excel format. Steps to file your indian incometax return quickly with. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Income tax rates 20142015 file income tax return online. Income tax forms for assessment year 20152016 is released by income tax department for assessment year 20152016, every person not being a co. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617.