Income tax slab rates for fy 2016-17 pdf

Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. 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. The latest income tax slabs for ay 201920, ay 202021 and ay 202122 are. Income tax department has issued the income tax return for fy 201617 i. The table shows the tax rates you pay in each band if you have a standard personal allowance of. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. This video by fincalc tv explains the process of calculating income tax for a particular financial year fy 201617. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. If you are a salaried professional, you will be required to check the latest income tax slabs.

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. But the tax slabs have not been changed for the last few years. Fm has announced a new income tax regime following which individuals will have to pay lower taxes for fy 202021 onwards as compared the current tax laws. Ay is assessment year latest income tax rates for fy 201516. Assessment year 2016 17, relevant to financial year 201516. How income tax structure, slabs in budgets over last 4. As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. Below is the chart about capital gain tax for fy 201617 ay 201718 tax effect on dividend received by holders equity orientednil and debt orientednil. Rates for deduction of income tax at source from salaries, computation of advance tax and charging of income tax in special cases during the financial year 20162017. However, in case of a nonresident individual the tax rates will be same irrespective of his age. The finance minister has proposed to tax the super rich by increasing surcharge from 12% to 15% if the. Every year the income tax rates are changed and it is important to get the latest income tax rates.

Service tax rate chart for fy 201617 with service tax rate. Income tax slabs for financial year 201617 fintrakk. Lets first understand what is income tax slab in india. Income tax slab for filing tax return on income in india. Income tax slab rates for fy 201617 ay 201718 basunivesh. But the surcharges are varied depending on the income. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent account number.

March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. Income tax slab rates for womens, income tax slab rates for mens, income tax slab rates for senior citizens, income tax slab rates for super senior citizens, etc. Income tax slab rates for financial year 201516 assessment year201617 resident super senior citizen who is 80 years or more at any time during the previous year net income range income tax. Individual income tax rates australian taxation office. Income tax is calculated on the taxable income of an assessee as per the income tax slab rates that are applicable for the relevant financial year. The surcharge will be applicable if the income exceeds rs. Get income tax slab rates and income tax deductions in india for assessment year ay 2016 17.

For the assessment year 201617, a partnership firm including llp is taxable at 30%. New income tax slab for fy 201516 ay 201617 for resident senior citizens 60 years mar 21, 2020 income tax slab rates for womens, income tax slab rates for mens, income tax slab rates for senior citizens, income tax slab rates for super senior citizens, etc. Rebate section 87a for ay 201617 is over and above the below slabs surcharge 12% if the total income exceeds rs. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the income tax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. The following income tax slab rates are notified in new tax regime vs old tax regime. More number of taxpayers are brought under surcharge with this move of making surcharge applicable to. Income tax slab rates for fy 201617 ay 201718 budget 201617. The above income tax rates are for general category men women who are below 60 years of age. For financial year 201617 department has merged the different itr and numbering of itr has been changed and after read more. In order to gain tax benefits to the fullest, it is essential to understand the current income tax slab rates. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.

Incometax slab rates for individual for fy 201516 ay 201617. Income tax bands are different if you live in scotland. Today we are providing income tax slab rates for assessment year 2016 17. Examples used are for illustration purpose in order to simplify the process. At hdfc life, we ensure that our customers are wellinformed about the latest income tax slab rates in india as well as the tax benefits relevant to life insurance policies for the financial year 201819.

Here below you may find official depreciation rate chart issued by cbec. Find updated latest income tax slab rates in india for individuals, company, nri, huf, llps. Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Income tax ratesslab for assessment year 201718 previous year 201617 income tax rates for financial year 201415 and 20152016 are same, there is. Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. However, tax rebate us 87a increased from rs 2,500 to rs 12,500, individuals with taxable income up to rs 5 lacs will enjoy 100% tax rebate.

Get income tax slab rates and income tax deductions in india for assessment year ay 201617. Tax reckoner 201617 the rates are applicable for the financial. As there was no change in income tax slabs for fy 201516 i. 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 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. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. We give below the income tax rates and slabs applicable for the fy 201516 or ay 2016 17. Income tax slab rates for financial year 201516 assessment. New income tax slab for financial year 201617 mytaxcafe. Now you can scroll down and check more details about income tax slab rates ay 20192020, fy 201617.

Have a look at the income tax slabs for the financial year. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Find out about the tax rates for individual taxpayers who are. Income tax slab rates for ay 201617 local authorities. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201617, to know more about income tax slab. The amount of incometax shall be increased by a surcharge at the rate of 12% of.

Download depreciation rate chart for ay 201718, 201819 as per income tax act in pdf format. Service tax rate chart for fy 201617 and ay 20172018 upto 1st june 2016 service tax rate increased from 14. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent account. Latest income tax slab rates for fy 201617 assessment year 20172018 in india. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617 save tax with.

May 23, 2016 download tds rates chart fy 2016 17 ay 17 18 tds deposit due dates interest penaltylike us on twitter facebook to open lock. Income tax slab rates for fy 201617 ay 201718 budget. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total. Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. Income tax slab rates income tax slab rates with the introduction of union budget 2020, there has been a substantial change and modification in the tax slabs applicable to the salaried class. Here is a primer on income tax slab rates for ay 2016 17. Income tax slab rates remain unaltered in the interim budget 2019 for the next financial year. Mar 01, 2016 download income tax calculator ay 201617 in excel income tax calculator for financial year 201516, ay 201617 have been created in excel format for free download. Hi friends download full depreciation rate chart in pdf format. Income tax slab rates 201819 pdf download ay 201920. The normal tax rates applicable to a resident individual will depend on the age of the individual. This rate will continue to be the same as that specified for financial year 201516.

Incometax slab rates for individual for fy 201617 ay 2017. Tax rates 20162017 year residents the 2017 financial year starts on 1 july 2016 and ends on 30 june 2017. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as. Incometax slab rates for individual for fy 201617 ay. Feb 29, 2016 income tax slabs for fy 2016 17 ay 201718 for firms in the case of firms, the rate of income tax has been specified in paragraph c of part iii of the first schedule to the bill. Income tax slab rates for ay 201617 local authorities local authorities are taxable at a rate of 30%.

Fill up the relevant details to know your tax liability for fy 201617 income tax slabs for fy 201617 ay 201718 education cess of 3% surcharge of 15% on rs 1 crore plus income earners tax credit of rs 5,000 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. These rates apply to individuals who are australian residents for tax purposes. Applicable income tax rates investments in mutual fund schemes. Here is a primer on income tax slab rates for ay 201617. Income tax slab rates for 202021, income tax rates fy. However it has increased the surcharge from 12% to 15% applicable for income above rs 1 crore. Incometax slab rates for individual for fy 201617 ay 201718. Below are the income tax slab rates for fy 201617 or ay 2017 18.

Download income tax calculator ay 201617 in excel income tax calculator for financial year 201516, ay 201617 have been created in excel format for free download. It is deductible from income tax before calculating education cess. Surcharge at the rate of seven per cent shall be levied in case of a domestic company if the total income of the domestic company exceeds one. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 201516 i. 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. A tax rebate under section 87a is allowed to individual taxpayers a maximum amount of. Aug 14, 2019 latest income tax slab rates for fy 2016 17. Service tax rate chart for fy 201617 and ay 20172018 upto 1st june 2016. Security transaction tax stt rates for fy 201617 ay. The amount of rebate is 100 per cent of income tax or rs. For individuals below 60 years age including woman assessees.

Incometax slab rates for individual for fy 201516 ay. Income tax slabs for fy 2016 17 budget 2015 has made no change in the income tax slab. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Income tax slab rates for ay 201617 fy 201516 ndtv. Fill up the relevant details to know your tax liability for fy 201617 income tax slabs for fy 201617 ay 201718 education cess of 3% surcharge of 15% on rs 1 crore plus income earners tax credit of rs. This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax on arrears. Nonresident individualhuf net income range income tax rates health and education cess up to rs. Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax rate chart income tax slabs as applicable for assessment year 201718 financial year 201617 for individual, huf, aop, boi, partnership firms, llp and companies.

Jan 12, 2016 rebate section 87a for ay 201617 is over and above the below slabs surcharge 12% if the total income exceeds rs. At hdfc life, we ensure that our customers are wellinformed about the latest income. Nov 26, 2016 this video by fincalc tv explains the process of calculating income tax for a particular financial year fy 2016 17. Have a look at the income tax slabs for the financial year 2016 17. Income tax slab rates for financial year 2016 17 are as follows. Income tax slab rates for financial year 201617 have not been changed much in budget 2016. Ay 2016 17, the following rates were also applicable for fy 201415 ay 201516. Normal rates of tax applicable to all individuals who are less than 60 years of age.

However from budget 2016, 10% tax levied if your dividend income is more than rs. So, refer the above table for the local authorities surcharges. The above rates do not include the medicare levy of 2%. 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 financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the following year. Security transaction tax stt rates for fy 201617 ay 201718. Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol. Service tax rate chart for fy 201617 with service tax. Personal tax rates 201617 free tax calculator spreadsheet here apr 14, 2020 new income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company.