Income tax slabs fy 2012-13 pdf files

Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Tds rate applicable for other payments continues to be same as in previous fy 201112. Income tax slabs financial year 2014 rgess eligible nsebse shares list. Income tax rates ay 2012 the new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Net income range income tax rates health and education cess up to rs. Income tax is a tax imposed by the government on the income earned by individuals and businesses. Taxable income means income after all deducations like hra, prof tax, 80c, 80d etc. Click here to read other articles of ca srikant agarwal.

Here is the ready reckoner of tax slabs for the financial year 2014 which. Changes to note in online income tax return filing fy 2012. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Latest income tax slabs and rates for fy 2012 and as 2012. Income tax slabs fy 2012, ay 2014 in income tax finance minister pranab mukherjee increase the tax exemption limit from rs. Senior citizen individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year. For senior citizens age 60 years or more but less than 80 years. Personal, business, corporation, and trust income tax. The last date of filing income tax extended upto 5. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. There will be no surcharge on income tax payments by partnership firm and cooperative society while for domestic company surcharge will be 5% and anad 2% on foreign company for fy 2012 ay 2014. Learn the income tax basics, what is income tax, tax slabs, income tax slab rates for fy 201718, etc.

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. Income tax rates for year 2014, 2012, 20112012, 20112011 for filing. 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. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge at the rate of 5% of such income tax, provided that the total income exceeds rs. Income tax is one thing which every salaried man on the street is interested in. Income tax slabs for financial year 2014 goodreturns. Calculate business or professional income, get industry codes, and report various income types. Tax is charged at different rates on the range of income falling under different income tax slabs. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by.

Online income tax return filing for fy 2012 ay 2014 is different in many ways from previous years. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Download income tax slab rates for fy 2012 file in docx. How to file itrtax savingitr formsincome tax refundtax exemption limitincome tax slabs business news. Income tax slabs and rate chart for ay 2014 fy 2012. Income tax rates applicable for the financial year fy 2012 and assessment. Income tax calculator new scheme vs old scheme and consent letter for fy 202021. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. Individual other than ii and iii below huf, aop, boi, artificial juridical person. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. Income tax rates income tax slabs for assessment year. If you are wondering how much income tax you would you save in next year 2012 post budget 2012, here is a calculator for you in excel format below is the income tax slab for fy 2012.

Income tax slab rates for fy 201617 ay 201718 budget. Income tax slabs for fy 201220 in the latest budget announcement on 16th march 2012, the financial minister, pranab mukherjee, announced raising the tax exemption limit from the curent level of rs 1. The amount of incometax shall be increased by education cess on. 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.

File corporation income tax, find tax rates, and get information about provincial and territorial. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. The relevant provisions of income tax act as amended by finance act, 2012 applicable for f. 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. As there was no change in income tax slabs for fy 201516 i. Latest income tax slabs in indiafy 201415 or as 201516. It department has brought in many changes which need to be taken into consideration while. The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay 2012.

The amount of income tax shall be increased by education cess on income tax at the rate of 2% percent of the income tax payable by both. Latest income tax slabs and rates for fy 2012 and as. Tax slab for financial year 201516 assessment year 1617. The rates of tax and level of total income are as under. Tds declaration form for fy 2012 with new amedtments. Given below are the various tables for the latest income tax slabs for the fy 20202021. Latest income tax slabs in india fy 201617 or as 201718. Income tax rates slabs for the financial year 20112012 a. Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs. Income tax slabs income tax rates fy 201112 av 2012.

One must file an income tax return to justify hisher income. Income tax rates for assessment year 202014 previous year 2012. Rate of tax for individuals for financial year 2012 is as follows. The income tax act 1961 is the law that governs the provisions for our income tax. Latest income tax slabs rates for fy 2012 and as 2014. Senior citizens age reduced to 60 years and very senior citizen category added for those above 80. File income tax, get the income tax and benefit package, and check the status of your tax refund. Basic exemption for general taxpayers raised to rs 2 lakh. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs. The amount of incometax shall be further increased by education cess of 3% on incometax.

Income tax slabs 202021 new income tax slabs, brackets. Income tax department income tax return statistics. Non pf member declaration formapplication pdf download. The income tax rates are usually revised every year during the budget. Income tax rates for assessment year 2012 resident senior citizens above 80 years super senior. Every year the income tax rates are changed and it is important to get the latest income tax rates. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Income tax slab for filing tax return on income in india. 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 amount of income tax shall be increased by education cess on income tax at the rate of two per cent of the income tax. Fintotal knowledge income tax slabs financial year 2012. As per the finance act, 2012, incometax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf. For normal category the simple calculation is as follows.

Taxable income in 10% slab maximum tax will be rs 32000. Another significant change in this budget was abolishing lower tax slab for women. The file also contains rate of tax for last 16 financial year i. Income tax rates income tax slabs bihar chamber of commerce. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. What is income tax, income tax slab for fy 201718, e.

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 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. In this regard, to avail tax advantages to its fullest, it is crucial to understand the existing income tax slab for the fiscal year. A significant difference is there is no more distinction between men. Income tax slabs income tax rates and deductions for fy.