Nincome tax slab for ay 2016-17 pdf

We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slabs for ay 201819 fy 201718 for individuals. Here is a primer on income tax slab rates for ay 201617. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be. This rate will continue to be the same as that specified for financial year 201516. Home income tax examples of income tax calculation during f. Tax slab ay 201617 individualhufboiaopajp india itr. Arun jaitley in his maiden budget speech on 10july2014 announced changes in the income tax. Quick excel income tax calculator for fy 201516 ay 201617. It is deductible from income tax before calculating education cess. Tax rate in case of nonresident taxpayer, in respect of income by way of royalty and fees for technical. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. The finance minister has proposed to tax the super rich by increasing surcharge from 12% to.

There have been some minor changes in the tax slabs compared to the previous financial year 201617. Income tax circular 2014 circular, income tax 2012 amendment of income tax ordinance section 19. The amount of rebate is 100 per cent of income tax or rs. Rebate section 87a for ay 201617 is over and above the below slabs surcharge 12% if the total income exceeds rs. General anti avoidance rule provisions shall apply from the assessment year 201617. There are lot of changes in tax rates and cess in the last 25 years. On other hand as you know august 5 is last date to file so if you did not file tax returns then go for.

Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities. For resident woman who is below 65 years of age at any time during the previous year. Income tax slab rates for financial year 201617 have not been changed much in budget 2016. Have a look at the past 25 years income tax slab rates for individuals in india. 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. 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. Incometax slab rates for individual for fy 201415 ay. Income tax amendment for the assessment year 201415. No changes have been made to the existing income tax. With the help of quick excel income tax calculator for fy 201516 ay 201617 you can easily compute tax. Income tax slab rates for ay 201718income tax slab rates for fy 201617income tax slab rates for financial year 201617income tax slab rates for assessment. Latest income tax slabs and rates for fy 201617 and ay. Income tax slab rates for fy 201617 ay 201718 budget.

The amount of incometax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617. But the tax slabs have not been changed for the last few years. Financial year 201617 assessment year 201718 every year the income tax rates are. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent. Below are the income tax slab rates for fy 201617 or ay 2017 18.

You may check our post on the income tax slabs for ay 201718 for. The normal tax rates applicable to a resident individual will depend on the age of the individual. As the slab rates are not fixed we have provided the income tax calculator for each assessment financial year separately. Income tax rate chart income tax slabs as applicable for assessment year 201718 financial year 201617 for individual, huf, aop, boi, partnership firms, llp and. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Paripatra2014 income tax paripatra income tax 202014. Income tax slabs for fy 201617 ay 201718 for firms in the case of firms, the rate of income tax has been specified in paragraph c of part iii of the first schedule to the bill.

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 upto 2 50 000 2 10 00 2 00 001 to 5 00 000 2 00 001 to 5 00 000 2 50 001 to 5 00 000 3 20 00 5 00 001 to 10 00 000 5 00. Tax rates as applicable for different persons for the a. Income tax slab rates for last 25 years in india 199293. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and. Income tax slab rates for fy 201617 ay 201718 facebook. Income tax slabs for ay 201718 for individuals july 22, 2017 july 22, 2017 by bharath since the last date for efiling of income tax return 31 st july 2017 is just a week. Latest income tax slabs and rates for fy 201516 and ay.

Nonresident individualhuf net income range income tax rates health and education cess up to rs. Income tax slabs for ay 201718 for individuals gosavetax. Income tax slab rates income tax slab rates with the introduction of union budget 2020, there has been a substantial change and modification in the tax slabs applicable. 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. In fy 201617 ay 1718, the surcharge for individuals is applicable for those who have total income over rs. Income tax slab rates 201819 pdf download ay 201920.

Income tax slab rates for financial year 201516 assessment year201617 resident super senior citizen. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Income tax slab rates for ay 2016 17 video youtube. Each year finance minister present budget in indian. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Ay is assessment year latest income tax rates for fy 201516. As there was no change in income tax slabs for fy 201516 i. Here you also know about income tax slabs for ay 201718 and fy 201617.