This year as well, the indian finance minister nirmala sitharaman announced. Income tax slabs,rates,forms for assessment year 201415, or financial year fy 2014, applicable on income earned during 01. India income tax slabs 20 2014 for general tax payers and women. Income tax ratesslab for assessment year 2014 15 previous year 2014 rates %age. In this post i restrict my subject towards new tax slabs for fy 201415. Income tax slabs income tax rates fy 201415 av 201516. The total taxable income then will be your current income for the financial year minus the investments made for which tax exemptions can be availed. While filing the return care should be taken to ensure that you select correct income tax forms. Calculate your tax based on the tax slabs for year 20142015. Income tax rate slab changed for financial year 201415 and the analysis year 201516 on the union budget. Incometax slab rates for individual for fy 201617 ay 201718 mitra 1. New income tax slabs for ay 14 15 for resident senior citizens above 60 years fy 2014 15 s.
Income tax slabs for financial year 201415 mytaxcafe. New income tax slab for fy 2014 ay 2014 15 for resident senior citizens 60 years. Please note that the income of financial year 2014 15 is taxable at the tax rate applicable for assessment year 201516. Generally, such late return are filed in response to income tax notice. But, in normal case, an assessee has to file an application with the relevant tax authority to explain the delay in filing the. Income tax rate slab changed for financial year 2014 15 and the analysis year 201516 on the union budget.
Income tax slabs and rates for fy 202021 bankbazaar. Given below are the various tables for the latest income tax slabs for the fy 20202021. Professional tax for the financial year 2014 15 wednesday, september 24th, 2014 amritesh 6 responses 119 views professional tax is a tax levied by the various state governments of india on salaried individuals, working in government or nongovernment entities, or in practice of any profession, including chartered accountants, doctors, lawyers. What are the slabs and exemptions for assessment year 2014 15 fy 2014. Tax slab for financial year 201516 assessment year 1617. I am a private limited company employ, for the financial year 2014 15 i have drawn a salary income of rs. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Incometax slab rates for individual for fy 201415 ay. You can complete filing your incometax return in just 15 minutes using the website or the mobile app. Click here to see the income tax slab rates for fy 2014 or ay 201415. Income tax slabs income tax rates fy 2014 av 201415. Surcharge on income tax if the total taxable income exceeds rs 1 crore, there will be sucharge of 10% of tax payable not 10% of income 4. The new and revised income tax slabs and rates applicable for the financial year fy 2014 and assessment year ay 201415 are mentioned below. 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.
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. The exemption limit for income tax has also increased more than 10 times from rs. Jul 10, 2014 in this post i restrict my subject towards new tax slabs for fy 2014 15. Fy 2014 15 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. Fy 201415 has seen some changes in the applicability of tax slabs for different entities such as individualshuf, trusts, firms, companies etc. 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.
In the following post, we see the rates which are applicable for different entities. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 201415 are given below. Income tax slab for financial year 201415 posted on. Tax slabs for financial year 201415 or assessment year 201516.
Mar 29, 2014 new income tax slab for fy 2014 15 ay 2014 15. Professional tax for the financial year 201415 wednesday, september 24th, 2014 amritesh 6 responses 119 views professional tax is a tax levied by the various state governments of india on salaried. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. The last time slab rates underwent a change was in fy 201415 when the. Sep 08, 2017 generally, such late return are filed in response to income tax notice.
Fy 201415 note the new government has presented the budget for ay 201516 on 10. May 12, 2020 here is a look at the latest income tax slabs for fy 201819, fy 201920 and fy 202021. Up to 2 lakh rupees nil 2 lakh 5 lakh rupees 10% 5 lakh 10 lakh rupees 20% above 10 lakh income tax slabs for fy 2014 register. Given below are the latest income tax slabs applicable for the fy 201920 and 202021. Income tax forms for assessment year 202014 is released by income tax department. Income tax forms 3ca 3cd in java format for ay 201415. Income tax return forms income tax declaration forms. Incometax slab rates for individual for fy 201516 ay. Detailed split for general, women, senior citizen etc are provided. According to the income tax act, one can claim for tax deductions at the time of paying the tax for the fiscal year, after showing proof that the investments have been made. Surcharge on income tax if the total taxable income.
Income tax slab for financial year 2014 15 posted on. Income tax slab rates for individual for fy 201617 ay 201718 income tax slab rates for individual for fy 201516 ay 201617 income tax slab rates for individual for fy 2014 15 ay 201516. Tax rebate us 87a claim upto rs 2000 tax rebate, if the taxable income doesnot exceed rs 5 lakh. Incometax slab rates for individual for fy 201617 ay. Tax slabs for financial year 2014 15 or assessment year 201516. Incometax slab rates for individual for fy 201516 ay 201617.
Latest income tax slabs and rates for fy 201516 and ay 201617. But, in normal case, an assessee has to file an application with the relevant tax authority to explain the delay in filing the tax return. The income tax department issued audit forms 3ca 3cd in java format for analysis year 2014 15 which will work both online and offline mode. 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. Apr 14, 2020 income tax slabs ay 2014 15 fy 2014 income tax slabs ay 201516 fy 2014 15 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. Incometax slab rates for individual for fy 201617 ay 2017. The document provides you the details of the income tax slab for the financial year 201415. Apr 10, 2018 incometax slab rates for individual for fy 201415 ay 201516. The latest tax slab for fy 201415 for individualshuf, aopboitrust, firm llp, company, cooperative societies, local authorities is listed in. For assessment year 202014, every person not being a co.
The latest free income tax calculator to calculate your latest tax and to compare your tax savings. How to file income tax return of a deceased assessee. Income tax slabs ay 2014 15 fy 2014 income tax slabs ay 201516 fy 2014 15 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. I forgot to file my income tax return for ay 201415. Income tax slabs for resident individual below 60 years of age taxable income slabs. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent. Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 2014 15 for individual, huf, aop, boi, partnership firms, llp and companies. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Income tax rates 20142015 for filing individual tax returns. Income tax rates financial year 2014 incometax slabs and.
Incometax slab rates for individual for fy 201617 ay 201718. What are the slabs and exemptions for assessment year 201415 fy 2014. Income tax rates tax slab for ay 20142015 fy 202014. May 05, 20 income tax forms for assessment year 202014 is released by income tax department. Person who makes any tds tax deduction at source on payment, must file a separate return of withholding tax under section 75a of the ordinance. Income tax rates financial year 2014 incometax slabs. Assessment year 20142015, financial year 202014, income tax slabs, latest income tax slabs posted by sahilkakwani income tax subscribe to rss feed 12 comments on income tax slabs for fy. Important points to know while filing itr this year. Tds calculation sheet in excel and slabs for fy 2014. Download pdf files for form 15g, form 15h, form 60, form 61. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Assessment year 2014 2015, financial year 20 2014, income tax slabs, latest income tax slabs posted by sahilkakwani income tax subscribe to rss feed 12 comments on income tax slabs for fy 20 2014.
Tax slab for financial year 201415 assessment year 1516. Income tax slab rates for financial year 2014 assessment. Person who makes any tds tax deduction at source on payment, must file a separate return of withholding tax under section 75a of the. Apr 19, 2019 income tax slab for financial year 2014 ay 2014 15 finance minister p chidambaram presented the union budget on 28th february, 20. Apr 20, 2014 income tax slabs,rates,forms for assessment year 2014 15, or financial year fy 2014, applicable on income earned during 01. The income tax department issued audit forms 3ca 3cd in java format for analysis year 201415 which will work both online and offline mode. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. The income tax rates and slabs applicable for the financial year 2014 or for assessment year 2014 15 are given below. These rates are subject to enactment of the finance bill 2014. Now income tax exemption is raised by 50000 to 250000.
Latest income tax slabs for fy 2014 2015 calculate your tax based on the tax slabs for year 2014 2015. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax slab tells the tax rate at which you have to pay tax on income. Form 15ca and form 15cb when remittance is not taxable. Jul 26, 2014 10 tax rate charts under income tax for financial year 2014 15. Apr 09, 2018 income tax slabs for fy 2014 15 ay 201516. Tds calculation sheet in excel and slabs for fy 2014 and.
Fill up the relevant details to know your tax liability for fy 2014 15 income tax slabs for fy 2014 15 education cess of 3% surcharge of 10% 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 income tax slab tax up to rs. 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. Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year net income range income tax. New income tax slabs for ay 1415 for resident senior citizens above 60 years fy 201415 s. 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. Income tax rate for individuals and house of undivided family huf for the f. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Incometax slab rates for individual for fy 201415 ay 201516. Incometax slab rates for individual for fy 201516 ay 2016. Aug 04, 2014 tds rate chart fy 2014 15 ay 201516 tds due dates 18 0 raj kumari monday, august 4, 2014 edit this post deduction of tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of interest on late deposit and dis allowance of expenses.