Tax slab for fy 2012 13 pdf merge

Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. The tax rates discussed in this part are applicable for assessment year 202021 i. This is the income tax slabs for financial year 2012 and the analysis year 2014. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Under the download menu, click on income tax return forms and choose ay 2014 for financial year 2012. Under the exisitng tax regime, the basic tax exemption limit for an individual depends on their age and residential status. Income tax slab rate for fy 2012 pdf income tax rates. All deductors who deduct tax at source from tax payer must provide form 16 to the tax payer at the end of the financial year. 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. Capital gain index for financial year 2012 is 852 section 48, explanation v of the income tax act, 1961 capital gains computation of notified cost inflation index for financial year 2012.

Latest income tax slabs and rates for fy 2012 and as 2012. Click here to save tax with hdfc lifes various online insurance products. 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. Income tax rates income tax slabs for ay 2012 individuals and hufs. There is a proposal of 4% heath and education cess in place of earlier 3% education cess on the income tax. Income tax rates for financial year 2012 and ay 2014. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718.

If your exempt income exceeds rs 5,000, the appropriate form will be itr2. In case of individual other than ii, iii and iv below and huf. Income tax rates slabs for the financial year 20112012 a. Assessment year 2014, relevant to financial year 2012. The finance minister during his budget speech has announced that there will be no change in the structure of the income tax rates for individuals. Latest income tax slabs rates for fy 2012 and as 2014. 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 for the individual male below 60 years age for the assessment year 2012 20 sl no. The rates for deduction of income tax at source from salaries during the financial year 2012 and also for computation of advance tax payable during the said year in the case of all categories of assessees have been specified in part iii of the first schedule to the bill. Women below 60 years of age this category is abolished from this year and is thus is same as that of general. Incometax slab rates for individual for fy 201617 ay. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Here are the personal income tax slab rates for calculating your income tax for the financial year 2011 2012 assessment year 2012 20. Latest income tax slabs in india fy 201617 or as 201718 income range.

The normal tax rates applicable to a resident individual will depend on the age of the individual. Download the income tax return itr form applicable to you. Watch out this space on 28th february for all the latest details about the tax slabs and their impact on your own budget. Individual other than ii and iii below huf, aop, boi, artificial juridical person. 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. Income tax slabs for fy 2012 , what are income tax rates for individuals, hufs, firms and corporate. Form 16 can be a useful source for computing the total tax deducted at source for the financial year while filing the income tax returns. Plz tell me what will be the service tax rate if anyone paying service tax of financial year 201220 in financial year 201516. Given below are the latest income tax slabs applicable for financial year 202021 assessment year 202122 in the exisitng tax regime.

Another significant change in this budget was abolishing lower tax slab for women. 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. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too.

Normal tax rates applicable to an individual the normal tax rates applicable to a resident individual will depend on the age of the individual. 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. As per the finance act, 2012, incometax rates applicable for assessment year 2014 financial year 2012 applicable to individual, huf, is as follows. Income tax slabs income tax rates fy 201112 av 2012. Applicable to individual male below the age of 60 years and huf. Labels how to save money 1 investment plans 1 investment tips 2 investment tools 1 investments 9 money saving tips 1 save money 1 tax 18 tax deduction limits 1 tax saving 1. Fiscal policy statement 2012 4 made by the federal government and all other circumstances that may have a material effect on meeting the targets for economic indicators for that fiscal year as specified in the mediumterm budgetary statement. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by.

Download it slabs from fy 200809 to fy 201516 file in. Stepbystep guide to file your income tax return online. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. New income tax slabs for ay 12 for resident senior citizens above 80 years fy 201112 s. For individuals below 60 years age including woman assessees. In the fy 201112 ay 2012 age limit for senior citizen is reduced to 60years who will get additional basic exemption limit of rs.

Income tax slab for fy 2012 ay 2014 ncome tax slabs for ay 14 for resident senior citizens above 60 years fy 2012 s. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with revise correct your income tax return. Dear elsa pt tax slabs for ap is as below rs 15000 to 19999 is rs150. 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. 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. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. New income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112 s. Assessment year 2012, relevant to financial year 201112 for individuals below 60 years age, other than woman assessees. Incometax slab rates for individual for fy 201516 ay. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. 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. Latest income tax slabs and rates for fy 2012 and as.