Income tax calculator for india, download excel based tool. Download it slabs from fy 200809 to fy 201516 file in pdf. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Steps to file your indian incometax return quickly with. But there would be an additional surcharge of 12% on the amount of tax payable on the persons from any category above if his income for the f. New income tax slab for financial year 201516 mytaxcafe. 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. Income tax rates slab for assessment year 201415 previous year 2014 rates %age. Income tax slab rates for financial year 201516 have not been changed much in budget 2015.
But the tax slabs have not been changed for the last few years. 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. The income tax for senior citizens is calculated based on the basic salary, house rent allowance, fixed allowances, and other sources of income. 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. 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.
Incometax slab rates for individual for fy 201516 ay 201617. Income tax service tax key highlights for fy 2015 16 ay 201617 click here section 87a rebate availability for fy 2015 16 ay 201617 click here income tax basic exemption limit slab fy 2015 16 click here. So the year immediate to particular fy year is called assessment year for that particular fy. Steps to file your indian incometax return quickly. 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. Income tax slabs for the individual male below 60 years age for the assessment year 2015 2016 sl no. Optional new tax regime no change in the existing tax slab rates, but a new tax. Tds calculation sheet in excel and slabs 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.
Tax slab for financial year 201516 assessment year 1617. Ay is assessment year latest income tax rates for fy 201516. Income tax slab rates for financial year 2015 16 have not been changed much in budget 2015. For comfort in filling, the form has been divided into total of four sections. Latest income tax slabs for fy 20152016 calculate your tax based on the tax slabs for year 20152016. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Latest income tax slabs and rates for fy 201516 and ay. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Income tax calculator for salaried person fy 201516.
Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax calculator for financial year 20082009 71. The above rates include changes implementing changes announced in the 201819 federal budget. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Steps to file your indian income tax return quickly with. Latest income tax slabs for fy 2015 2016 calculate your tax based on the tax slabs for year 2015 2016. Tax slabs for financial year 201415 or assessment year 201516. Income tax slabs for individuals are divided into 3 slabs. Income tax slab rates for individualhuf for fy 201415.
Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Last year surcharge was 10% which has increased to 12% as the wealth tax has been abolished. Apr 27, 2015 download income tax calculator for salaried persons fy 2015 16 updated on 2704 2015 download changes in income tax in budget 2015 for updated version visit us at this page link is provided in calculator instruction page. Optional new tax regime no change in the existing tax slab rates, but a new tax regime has been proposed. What is income tax, income tax slab for fy 201718, efiling process as we work to earn our living to fulfill our needs and desires, the government has its own ways of earning money which is, in turn.
If individuals dont take exemptions and deductions, they would be taxed at reduced tax rates. Every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax slabs for financial year fy 201516 sa post. For senior citizens age 60 years or more but less than 80 years.
The user is required to fill the data in a pop up form and excel form 16 is updated automatically with ease. Income tax rates 20142015 for filing individual tax returns. Ay is assessment year latest income tax rates for fy 2015 16. 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.
Now you can scroll down below n download income tax calculator for fy 201516 in excel format. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Net income range incometax rates health and education cess up to rs. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Income tax slab rates for fy 2015 16 ay 201617 are as under. 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. Excel automatic income tax form 16 salary tds certificate. Income tax slab rates for ay 201617 fy 201516 ndtv.
Tax is charged at different rates on the range of income falling under different income tax slabs. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the income tax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. 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.
Several websites offer income tax calculators in an excel sheet format which can be downloaded. 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. Income tax manual part 1 the income tax ordinance, 1984 xxxvi of 1984 as amended up to july, 2014 i contents sections page long title 1 preamble 1 chapter 1 preliminay 1. Jul 10, 2014 in this post i restrict my subject towards new tax slabs for fy 201415.
Income tax slabs and rates for fy 202021 bankbazaar. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. This year as well, the indian finance minister nirmala sitharaman announced. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. As there was no change in income tax slabs for fy 2015 16 i.
Know status of itrv income tax return filed online. What is income tax, income tax slab for fy 201718, efiling process as we work to earn our living to fulfill our needs and desires, the government has its own ways of earning money which is, in turn, utilized for creation or betterment of infrastructures for us to avail. Mar 19, 2019 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. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. The finance minister has proposed to tax the super rich by increasing surcharge from 10% to 12% if the. As there was no change in income tax slabs for fy 201516 i. Fy 201415 note the new government has presented the budget for ay 201516 on 10.
If you are under the age of 18, and receive unearned income for example. Assessment year ay is the year in which you file returns i. Income tax calculator for salaried person fy 201516 simple. Income tax slab rates for fy 201516 ay 201617 are as under. What is income tax, income tax slab for fy 201718, e. Incometax slab rates for individual for fy 201516 ay. This file includes income tax calculator, it form, form 16 and hra calculator.
Download income tax calculator for fy 201516, download latest income tax calculator for ay 201617 or fy 201516 in excel format. Income tax return filing forms for ay 201617 fy 201516. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. Tds rate chart fy 201516 ay 201617 budget 201516 amendments. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs. Net income range income tax rates health and education cess up to rs. Due date to file income tax return assessment year 201516. Income tax rates for individuals are same for fy 201516 and fy 201415. A individuals born on or after 1st april, 1956 age less than 60 years. Download income tax calculator for fy 201415 ay 201516. For example for fy 201516, the immediate year is 201617. It is a tax calculator from ay 20 14 to ay 2015 16 as per it act 1961. For individuals other than female taxpayers, senior taxpayers of 65 years and. Forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files, fillable files and.
Download it slabs from fy 200809 to fy 201516 file in. 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. Fy 201516 tax rate applies to income earned between 1 st april 2015 and 31 st march 2016. Tax slabs for financial year 201415 or assessment year 2015 16. Income tax slabs income tax rates fy 201415 av 201516. Download tax computation ay 201516 file in xls format. Income tax calculation for senior citizens fy 202021. The above income tax rates are for general category men women who are below 60 years of age. For example, if you have had an income between 1st april 2014 and 31 march 2015, then 201415 will be referred to as fy. Apr 14, 2020 income tax slabs ay 201415 fy 2014 income tax slabs ay 2015 16 fy 201415 income tax slabs ay 201617 fy 2015 16 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.
Detailed split for general, women, senior citizen etc are provided. 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. Income tax manual part 1 national board of revenue. Income tax service tax key highlights for fy 201516 ay 201617 click here section 87a rebate availability for fy 201516 ay 201617 click here income tax basic exemption limit slab fy 2015. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transacti income tax slab for fy 201516 ay 201617. Fill up the relevant details to know your tax liability for fy 201516 income tax slabs for fy 201516 ay 201617 general public income tax slab education cess of 3% surcharge of 12% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female tax. Income tax calculator for fy 201415 ay 2015 16 351. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Here is a primer on income tax slab rates for ay 201617 fy 201516. In 2014, income tax department has identified additional 22,09,464 nonfilers who have. Given below are the various tables for the latest income tax slabs for the fy 20202021.
Here is a primer on income tax slab rates for ay 201617. The maximum rate of income tax is capped at 30% in india, though surcharge and educational cess are also applicable, which may increase this upper limit by. Oct 16, 2015 income tax slab for fy 201516 ay 201617. Abcaus excel based auto fill form 16 for ay 201516 fy 201415 is very simple and user friendly. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Income tax rates 20142015 file income tax return online. Apr 09, 2018 for example, if you have had an income between 1st april 2014 and 31 march 2015, then 201415 will be referred to as fy. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. Abcaus excel based auto fill form 16 for ay 2015 16 fy 201415 is very simple and user friendly. In this post i restrict my subject towards new tax slabs for fy 201415. Tds calculation sheet in excel and slabs for fy 201516 and. Incometax slab rates for individual for fy 201516 ay 2016.