Income tax slab for fy 2011-12 pdf file

These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Department of revenue tax information news and statistics reports and statistics revenue and receipts reports fy 2011. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. Income tax rate chart slabs for assessment year 201112 and earlier years has been given chart form as under in respect of individual. Income tax slabs and tax rates in india for fy 202021. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for. Normal tax rates applicable to a resident individual of the age of 80 years or above at any time during the year net income range income tax. Income tax rates slabs for the financial year 20112012 a. In 2014, income tax department has identified additional 22,09,464 nonfilers who have. The amount of rebate is 100 per cent of income tax or rs. Key factors based on which, income tax slabs are applicable include. All individuals having taxable income are required to file their return of income tax returns before 31 st july 2011 and thus the due date for filing of return for financial year 201011 march 2011 is fast approaching.

This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. Income tax rates for assessment year 201220 previous year 201112. Income tax rates slab for assessment year 201415 previous year 2014 income tax rates for year 2014 and 201220 are same, there is no change in tax slab.

Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years. Select, 202021, 201920, 201819, 201718, 201617, 201516, 201415. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income. Income tax slabs income tax rates income tax limit. It is deductible from income tax before calculating education cess. Ay 2014 fy 2012 be the first to comment leave a reply cancel reply. Further, in the fy 201112 ay 2012 men assessees will also get additional basic exemption limit of rs. Tax2win helps individuals to file their income tax. Income tax slab 201718 calculation method explained. As per the current income tax slabs, taxation of income of resident individuals below 60 years is as follows.

Rate of tax is 30% for the assessment year 20102011. Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 201112 and earlier years has been given chart form as under in respect of individual. Income tax slabs ay 201011 fy 200910 income tax slabs ay 201112 fy 201011 income tax slabs ay 2012 fy 201112. 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. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Applicable to individual male below the age of 60 years and huf. Here are the latest slabs for the income tax for the income incurring in fy20112012. File your income tax return with confidence and ease. Quick highlights base slab for general tax payers increased to 1.

Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Tax slab for fy 201011 ay 201112 particulars slab tax. Income tax rates for fy financial year 201112 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. For more details read this article on interests on late payment of income tax.

Incometax slab rates for individual for fy 201516 ay. Income tax slabs and rates for fy 202021 bankbazaar. At present both online and manual option is available to individual tax payers for filing of return of income tax. Income tax slabs 202021 new income tax slabs, brackets. Income tax personal tax particulars fy 207677 fy 207576 rs. Income tax slabs for individuals are divided into 3 slabs. Find updated latest income tax slab rates in india for individuals, company, nri, huf, llps. Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 201112 and earlier years has been given chart form as under in respect of individual, hufhindu undivided family,boibody of individuals so download the charts for link given below or you can read the same online as shown below. Tax rates as applicable for different persons for the a. The finance minister has introduced many changes in the income tax slab rate for. Check the latest income tax slabs, tax rate for fy 202021.

In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. The exemption limit for income tax has also increased more than 10 times from rs. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Income tax slabs income tax rates fy 201112 av 2012. Any delay in filing income tax returns leads to 1% interest per month on pending tax dues. As per the finance act, 2015, rates of income tax applicable for the financial year 201516 i. Rates of income tax as applicable to individuals, hindu undivided families.

Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Form 16 in excel format for ay 202021 free download. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. However, income tax slabs and rates for the fy 201920 remain unchanged. For individuals below 65 years age, other than woman assessees. This rebate will be available under section 87a of the income tax act. How to file itr tax saving itr forms income tax refund tax exemption limit income tax slabs. Normal rates of tax applicable to all individuals who are less than 60 years of age. 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 slabs and rates proposed for financial year 201920 as per interim budget 2019, individual taxpayers having taxable annual income up to rs. Income tax slabs and rates for fy 202021 last updated. These rates are applicable for filing tax return for all individuals i.

The amount of income tax shall be increased by education cess on income tax at the rate of two per cent of the income tax. 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 nil. Income tax slab fy 2017 18, ay 1819 calculation method. These rates are applicable on individual assessee, hindu undivided. Assessment year 201112, relevant to financial year 201011. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Tax2win is an efiling portal to prepare and efile income tax return online. The finance minister, in the budget today, changed the tax slabs for men, women and senior citizens. Income tax ratesslab for assesment year rate % 201112. Tax rate assessed as individual first tax slab 4,00,000 1% first tax slab 3,50,000 1% next 1,00,000 10% next 1,00,000 10% next 2,00,000 20% next 200,000 20%. For individuals, huf, association of persons aop and body of individuals boi. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or. Incometax slab rates for individual for fy 201617 ay.

There is a proposal to hike standard deduction by rs 10,000 to rs 50,000 from rs 40,000. New income tax slab for ay 12 new income tax slabs. Income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Income tax rates slab for fy 201112 or ay 2012 ebizfiling. File your tax returns it returns for fy 201011 ay 2011.