Tax slab for financial year 2012-13 pdf

Income tax slab tells the tax rate at which you have to pay tax on income. Income tax slabs for assessment year 2014 financial. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Another significant change in this budget was abolishing lower tax slab for women. The new tax slab rate was rxte but changes are not of much significant. The exemption limit for income tax has also increased more than 10 times from rs. Latest income tax slabs and rates for fy 2012 and as 2014. Income tax slab for financial year 201516 budget 2015 as the budget for the financial year 2015 income tax slab rates for individuals who is a resident in india who have during the income tax slab rate f. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Income tax slabs for filing tax return for individuals and hufs. Income tax rates for financial year 2012 and ay 2014. For normal category the simple calculation is as follows. So, there will be an additional saving of rs 22000 in tax if your taxable income is rs 10, 00,000 as compared to previous year. Income tax rates slabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by.

There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. For individuals below 60 years age, other than woman assessees. Watch out this space on 28th february for all the latest details. Due date to file income tax return for assessment year 2012 for non audit cases is 31. 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. Income tax slab rates for individuals malefemale less than 60 years age income tax rates applicable. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax paripatra national board of revenue nbr, bangladesh. Income tax is one thing which every salaried man on the street is interested in. The new and revised income tax slabs and rates applicable for the fy 2012 and ay 2014. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Fintotal knowledge the best place to learn more on personal finance.

Income tax slab rate for assessment year 2012 20 or. The threshold income tax exemption limit for men has been extended to rs 2, 00,000 which was. 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. Tax tables the 20 financial year starts on 1 july 2012 and ends on 30 june 20.

Applicable to individual male below the age of 60 years and huf. Even the lowest tax rate has gone down from 20% to 5%. 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. The basic exemption for tax year 2012 is rupees 3,50,000. 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.

Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. Income tax slab for filing tax return on income in india. Income tax department income tax return statistics. Assessment year 2014, relevant to financial year 2012. There may be further change in 80c rules which can give you more tax saving opportunity. Assessment year 2012, relevant to financial year 201112. There is no change in tax structure for woman and senior citizens. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Income tax slabs income tax rates and deductions for fy 20. Income tax rates for financial year 201415 and 20152016 are same, there is no.

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. Income tax slab rate for assessment year 2012 20 or financial year 20112012 for individual male, age less than 60 years. The existing tax rate slabs have been reduced from 17. 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. The new and revised income tax slabs and rates applicable for the financial year fy 2011. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Income tax slab rate for the fy 201415 and assessment year 201516, rate chart of income tax after budget 2014. For individuals below 60 years age including woman assessees. Income tax rates income tax slabs for assessment year.

Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Assessment year 2012 , relevant to financial year 201112. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Assessment year ay 2014 the latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Tax slabs for financial year 201415 or assessment year 201516 income tax return filing ay 201415which forms to. Income tax rates for year 2014, 2012, 20112012, 20112011 for filing income tax. Income tax income tax rates ay 2012 fy 2011 referencer. Income tax slabs financial year 2012 january 30, 20. The tax slabs have also been revised through finance act, 2012. Rate of income tax assessment year 202122 assessment year 202021 up to rs.

The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Latest income tax slabs rates for fy 2012 and as 2014. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of 80 years and more. Rules 12 for filing of income tax return has been amended and now individual huf having income exceed 10 lakh have to e. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates.

The budget 2014 has changed the income tax slab rates slightly as. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. For senior citizens age 60 years or more but less than 80 years. The following income tax rates are applicable for the financial year ending march 31, 2016 i. India income tax slabs for assessment year 2012 financial year 20112012 general tax payers income tax slab in rs. Taxable income in 10% slab maximum tax will be rs 32000. Income tax rates slabs for the financial year 20112012 a. Tax rates 201220 year residents the following adjusted tax brackets were originally announced by the prime minister as part of the clean energy family assistance package in announced in 2011 if you are looking for the official ato 202014 tax withholding tables go here. Latest income tax slabs and rates for fy 2012 and as. Latest income tax slabs in india fy 201617 or as 201718. Fintotal knowledge income tax slabs financial year 2012.