Income tax slabs for ay 2012-13 pdf

Educational cess is payable at 3% of the total of income tax. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Income tax slabs and rate chart for ay 2014 fy 2012. 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. Personal income tax slab changes recommended by the direct tax committee.

It is to be noted inco,e in the financial yearthe slabs and tax rates were kept at the same level as those s,ab the previous financial year very senior citizen above 80 years. Income tax department income tax return statistics. Fintotal knowledge income tax slabs financial year 2012. 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. Latest income tax slabs in indiafy 201415 or as 201516. The following paragraphs discuss the income tax rates for ageincome slab matrix. Tax slab for financial year 201516 assessment year 1617. Income tax 2012 slabs for different categories depending on annual income. Latest income tax slabs and rates for fy 2012 and as 2014.

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 net income range incometax rates health and education cess up to rs. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Assessment year 2012 , relevant to financial year 201112. Taxable income in 10% slab maximum tax will be rs 32000. Income tax slabs and tax rates in india for fy 202021. Income tax slabs income tax rates and deductions for fy. Assessment year 2014, relevant to financial year 2012. Latest income tax slabs and rates for fy 2012 and as. Income tax rates for ay 201516 financial year 201415 leave a comment cancel reply. 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. Click here to save tax with hdfc lifes various online insurance products. Latest income tax slabs and rates for fy 2012 and as 2012. Union budget of india proposed slight relief for salaried employees by increasing tax free limit to 2 lakhs.

Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. For normal category the simple calculation is as follows. Now itr5 and itr6 has also been released in paper form. The national board of revenue nbr is the apex authority for tax administration in bangladesh. For individuals below 60 years age, other than woman assessees.

Last 25 years income tax rates linkedin slideshare. Income tax rates slabs for the financial year 20112012 a. New income tax slabs for ay 2014 for resident senior citizens above 60 years fy 2012 s. Itr1 sahaj,itr2,itr3, itr4 and itr4s sugam has been released. Use our free income tax calculator for getting an idea of how much tax you will. View income tax slabs for the for the f y 2011 12 a y 2012 from the folowing link tax india blogspot com 2011 06 income tax rates for ay2012 html income tax tax planning. Another significant change in this budget was abolishing lower tax slab for women. Income tax slabs 202021 new income tax slabs, brackets. 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 rates for assessment year 2012 resident senior citizens above 80 years super senior citizens. 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. Income tax slabs fy 2012, ay 2014 in income tax finance minister pranab mukherjee increase the tax exemption limit from rs. Income tax ratesincome tax slab for assessment year 202021 previous year. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. Watch out this space on 28th february for all the latest details about the tax slabs and their impact on your own budget.

Income tax slab for filing tax return on income in india. Income tax income tax rates ay 2012 fy 2011 referencer. The amount of rebate is 100 per cent of income tax or rs. 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 male and female resident taxpayers. This is the income tax slabs for financial year 2012 and the analysis year 2014. According to the committee, the current personal income tax slabs need to be overhauled. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021. Ay 2014 fy 2012 it is to be noted that in the financial yearthe slabs and tax rates were kept at the ry level as those in the previous financial year male below 60 years. Last 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415 by shankar bose inspector of income tax oo the principal chief commissioner of income tax, odisha, bhubaneswar. Income tax rates income tax slabs for ay 2012 individuals and hufs. Income tax rates for assessment year 202014 previous year 2012. Income tax slabs 20112012 for general tax payers income tax slab in rs.

Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. In case of individual other than ii, iii and iv below and huf. For individuals below 60 years age including woman assessees. The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Income tax rates applicable for the financial year fy 2012 and assessment. 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. Due date for filing income tax return for nonaudit cases for assessment year 201220 is 31. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. While filing the return care should be taken to ensure that you select correct income tax forms. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.

Each income tax assesse has to file income tax return if his income exceeds the basic exemption limit. As per the report, changes have been suggested in the current direct tax system. Income tax slabs income tax rates fy 2014 av 201415. As there was no change in income tax slabs for fy 201516 i. Nonresident individualhuf net income range income tax rates health and education cess up to rs. Income tax slabs financial year 2014 rgess eligible nsebse shares list. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Latest income tax slabs rates for fy 2012 and as 2014.

To learn more about the income tax slabs ay 1819, click here. This category is abolished from this year and is thus is same as that of. First income tax rates,dividend distribution tax,minimum alternate tax. Income tax slab rates for last 25 years in india 199293. 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. The income tax rates are first categorized across age groups then crosscategorized across age group income to generate tax rate slabs. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20%. Income tax rates income tax slabs for assessment year 2012. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. Income tax slabs for fy 2012, what are income tax rates for individuals, hufs, firms and corporate. Income tax slab rate for ay 201819 for individuals.

Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax rates for financial year 2012 and ay 2014. Income tax return form for assessment year 2012 has been released by income tax department.

Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. With the union budget 2020 approaching, a report has been prepared by the central direct tax committee. It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax is one thing which every salaried man on the street is interested in. It is deductible from income tax before calculating education cess.