Income tax slabs fy 2015-16 pdf

Minor changes has been made in tds rates for fy 201516 by finance minister in budget. Income tax at a glance among direct taxes, income tax is the main source of revenue. Tax is charged at different rates on the range of income. Free major itr forms for financial year 201415 itr1, itr2, itr2a, itr4s pdf files. It is deductible from incometax before calculating education cess. The finance minister has proposed to tax the super rich by increasing surcharge from 10% to 12% if the. Fy 201516 tax rate applies to income earned between 1 st april 2015 and 31 st march 2016. Finance minister has presented budget 201516 on 28022015.

Income tax slab rates 201718 pdf download ay 201819. Income tax slabs income tax rates and deductions for fy. Income tax slab rates for individualhuf for fy 201415. As there was no change in income tax slabs for fy 201516 i. Income tax rate chart income tax slabs as applicable for assessment year 2015 16 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. Income tax slabs for financial year fy 201516 sa post. How income tax structure, slabs in budgets over last 4. The amount of rebate is 100 per cent of income tax or rs. But the tax slabs have not been changed for the last few years. Steps to file your indian incometax return quickly. Incometax slab rates for individual for fy 201516 ay 201617. Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax calculator for fy 201516 ay 201617 excel based the union budget for 2015 was presented today by arun jaitely. Income tax slab rates for last 25 years in india 199293.

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. Tax slabs for financial year 201415 or assessment year 201516. The following income tax rates are applicable for the financial year ending march 31, 2016 i. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order. Income tax slabs income tax rates fy 201415 av 201516. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transacti.

Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with. Download it slabs for fy 201516 ay 201617 file in pdf format. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Ay is assessment year latest income tax rates for fy 201516.

Income tax slabs for fy 20142015 here are the slabs for the income tax for the income incurring in financial year 20142015. The national board of revenue nbr is the apex authority for tax administration in bangladesh. Income tax rates slabs for financial year 2015 16 assessment year 201617 for male individuals below 60 years resident of india income tax rates up to 250000. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. The income tax rates are first categorized across age groups then crosscategorized across age group income to generate tax rate slabs. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories surcharge and. The tax slabs have remain unchanged but there have been some. Tds calculation sheet in excel and slabs for fy 201516. The age groups are up to age 60, age 60 to 80 and above age 80. Income tax rates in india and other countries tax slabs.

Income tax rates for individuals are same for fy 201516 and fy 201415. The rate at which professional tax is charged is based on the income slabs set by the respective state governments. However the maximum professional tax that can be levied by any state till date is rs 2500. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax ratesslab for assessment year 201617 previous year 201516 income tax rates for financial year 201415 and 20152016 are same, there is. Many of you already know the budget implications on your finance. Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual, huf, aop, boi, partnership firms. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and. Income tax slab rates for financial year 201516 have not been changed much in budget 2015. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Income tax is imposed on the basis of ability to pay.

Financial year 201516 assessment year 201617 every year the income tax rates are changed and. Past 25 years income tax rates for individuals, huf. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in. What is the penalty on late filing of income tax return ay 201516 fy.

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. This income is categorized into different groups on the basis of the amount of income. Finance bill 2015 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of rs. Latest income tax slabs and rates for fy 201516 and ay. As i have to urgently put up a claim to it dept for refund related to previous 20 years. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax. Income tax rates slabs for financial year 201516 assessment year 201617 for male individuals below 60 years resident of india income tax rates up to 250000. Incometax slab rates for individual for fy 201516 ay. Lets get the insights of the income tax slabs for fy 201819 ay 201920 income tax slab for resident individual aged less than 60 years059 years same slab rates shall apply for both. Ay is assessment year latest income tax rates for fy 2015 16. Nonresident individualhuf net income range income tax rates health and education cess up to rs. The amount of rebate is 100 per cent of incometax or rs.

Income tax slabs 202021 new income tax slabs, brackets. Rs 12,500 or 100% of income tax whichever is lower for individuals with income below rs 5 lakhs. The more a taxpayer earns the more he should pay is the basic principle of charging income tax. The above income tax rates are for general category men women who are below 60 years of age. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt.

Union budget 201516 and 201415 have not altered the rebate available under section 87a for fy 201516, 201415 or ay 201617, 201516 meaning thereby that effectively there will be no income tax. However, there are few changes to this budget when it comes to tax slabs. The following paragraphs discuss the income tax rates for. Income tax slab rates for individual for fy 2015 16 ay 201617. Availabilityincome tax rebate section 87a fy 201415 ay. Budget 2015new tax slabs and rates for fy 201516 ay. There has been no change in the tax rates, basic income tax exemption limit or tax slabs for individuals, huf, aop and boi, the income tax. Income tax slab for fy 202021 pdf download income tax. Income tax slab for filing tax return on income in india. It is deductible from income tax before calculating education cess.