Income tax slab for fy 2015-16 pdf format

Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. Incometax slab rates for individual for fy 201617 ay 201718. Individual residents who are above 80 yrs of age the tax on total income is exempted upto rs 5,00,000. Deductions under sections 80 ce are available for individuals would be discussed in the upcoming blogs on tax planning for financial year 201516. March 1 to 15, 2016 u taxmanns corporate professionals today u vol.

The more a taxpayer earns the more he should pay is the basic principle of charging income tax. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Dividends distributed by an indian company are exempt from income tax in the hands of all shareholders. The middle class, who fall under the 10% and 20% slabs, grew 7% annually on average. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 201415. 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 2014. The amount of rebate is 100 per cent of incometax or rs. Income tax at a glance among direct taxes, income tax is the main source of revenue. Income tax payer must be aware about the applicable income tax slab rate to him as it will help him to plan his income tax liability and also he can plan the income tax saving strategy in advance. In respect of income of all categories of assessees liable to tax for the assessment year 20152016, the rates of incometa. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts.

Income tax rates slabs for financial year 201516 assessment year 201617 for male individuals below 60 years resident of india income tax rates up to 250000. Income tax rates for financial year 201415 and 20152016 are same, there is no change in tax rates, rates %age. Income tax calculator for fy 201516 ay 201617 excel based the union budget for 2015 was presented today by arun jaitely. Incometax slab rates for individual for fy 201415 ay. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Domestic companies expect a hike in income tax limit from last year figure, based on inflation rate of 201415 and other parameters. 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. Now my total income is rs 591684 including the arrears. Ay is assessment year latest income tax rates for fy 201516.

Scroll down below and check all latest tds rate chart issued by income tax. Indian union budget is being declared on 28 th february, 2015. The form 16 contains the computation of the income, allowable deductions and rebates, incometax paybale along with details of tax deducted and depsited by the employer. Here we are providing latest tds rates for ay 202021. Lets first understand what is income tax slab in india. Income tax slab rates for individualhuf for fy 201415. Latest income tax slabs and rates for fy 201516 and ay. New income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company. Abcaus excel based auto fill form 16 for ay 201516 fy 201415 is very simple and user friendly. This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax on arrears. Budget 201516, income tax slabs changes for domestic company. Or else to known the latest amendments for the person having salary income, slab rates, importance of tds and much more keep reading. Income tax return filing forms for ay 201617 fy 201516which. The certificate can be used for computing actual income and tax deducted at source.

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. Steps to file your indian income tax return quickly with. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 201516 i. Income tax slab changes for nonsenior citizens, general category.

Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Nonresident individualhuf net income range incometax rates health and education cess up to. 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 interest calculator in excel format. With the help of quick excel income tax calculator for fy 201516 ay 201617 you can easily compute tax liability for an individual. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021 income tax slab rates help you decide whether your income is taxable or not. Income tax slab rates change every year after the announcement of budget.

It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Quick excel income tax calculator for fy 201516 ay 201617. The central board of customs and excise reported that in financial year 201516, indirect taxes grew faster. Income tax is levied on different sources of incomes like salaries, investment, interest etc. Income tax rates for assessment year 20162017 previous year 201516. As there was no change in income tax slabs for fy 201516 i. Income tax slab changes for domestic company under budget 201516. Surcharge of 7% is applicable if total income exceeds 1 crore. 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. Union budget has made the following changes that would affect the computation in form 16.

Excel automatic income tax form 16 salary tds certificate. Income tax slabs for the senior citizen 60 to 80 years age for the assessment year 20142015 sl no. Tds rate chart for fy 201920 ay 202021, tcs rates for fy. Income tax slabs for filing tax return for individuals and hufs. The tax slabs have remain unchanged but there have been some changes in terms of transport allowance, medical insurance benefits and exemption for physically challenged tax payers. Click here to save tax with hdfc lifes various online insurance products. A individuals born on or after 1st april, 1956 age less than 60 years. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. Download income tax calculator for fy 201415 ay 201516. An association of person aop or a body of individuals boi any local authority. Rates of incometax in respect of income liable to tax for the assessment year 20152016. It is deductible from incometax before calculating education cess. Income tax slab for filing tax return on income in india. Revised tds rate chart for fy 201516 ay 201617 after latest budget 201516 changes and amendments.

My question is that this arrear should not be added in previous year. Download income tax form 16 certificate of tax deducted at source tds in excel auto format for financial year 201415 assessment year 201516. Income tax calculator for fy 2015 16 ay 201617 excel based the union budget for 2015 was presented today by arun jaitely. Here are the latest income tax slab rates as per the union budget 2020 for different. Also tax payer with higher tax liability has to plan his advance tax payment based on income tax rates applicable to him. Service tax changes as per indian union budget 201516. Surcharge of 12 % is applicable if total income exceeds 10 crores. Ddt shall be computed on the amount determined after grossing up dividend paid by the rate of tax excluding surcharge and cess on such dividend. The above income tax rates are for general category men women who are below 60 years of age. You can download these new forms and file the it return. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000.

Here we provide all past years tds rate chart like tds rates for f. Calculate taxable income, income tax, cess, surcharge and marginal relief foray 202021 and ay 202122. Below are the income tax slab rates for fy 201617 or ay 2017 18. Dividend distribution tax ddt for financial year 201516. Download income tax calculator for salaried persons fy 201516 updated on 27042015 download changes in income tax in budget 2015 for updated version visit us at this page link is provided in calculator instruction page. Incometax slab rates for individual for fy 201516 ay 201617. Download it slabs from fy 200809 to fy 201516 file in. Can i file belated income tax return financial year 201415 now ie. Here is a primer on income tax slab rates for ay 201617. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Income tax calculator for salaried person fy 201516. Until fy 201516, the due dates and amount of advance tax were different for corporate. New income tax slabs for 201516 posted on 28 february 2015. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021.

What is your income tax slab for fy 201516 or ay 201617. Given below are the various tables for the latest income tax slabs for the fy 20202021. The surcharge will be applicable if the income exceeds rs. 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. Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. Income tax slabs and rates for the financial year 201516. The national board of revenue nbr is the apex authority for tax administration in bangladesh. Indian income tax slabs, rates, calculators, itr, challan, tds, pan and other forms in excel fillable pdf, information of i t actrules. Income tax slab rates for financial year 201516 assessment year201617.

Calculates interest us 234a, 234b and 234c for fy 201516 or ay 201617 for individuals, huf. Income tax rates 20142015 for filing individual tax returns. Income tax slabs income tax rates and deductions for fy 2017. The tax slab rates for individual below 60 years and for nri aop boi hufajp. Format of form 16 can be downloaded here download form 16. Every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax is imposed on the basis of ability to pay. Y 201516 and ay 201617, tds chart for ay 201819, download tds rate chart for ay 202021 etc. Budget 201516 income tax slab changes under general category.

We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab. Income tax slab rates for fy 201516 ay 201617 are as under. Income tax archives page 8 of 32 caknowledge files. Hdfc life provides the latest income tax slab rates in india for different age groups and tax benefits offered by various life insurance policies, for the financial.