Nincome tax slab rate for ay 2012-13 pdf

There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Income tax rate applicable to partnership firm for ay. However, the surcharge shall be subject to marginal relief where income. Income tax slab for filing tax return on income in india. Itr1 sahaj,itr2,itr3, itr4 and itr4s sugam has been released.

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. The revised income tax slabs and rates for financial year 201920 the interim budget for 2019 was recently announced on 1 february 2019. For local authorities, income is taxed at a flat rate of 30%. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Please click on the links below to view the income tax also written shortly as i. Rates of depreciation for incometax for ay 1920 or fy. Budget 2020, new optional scheme for individual tax payer to opt for lower tax rate and slab in india applicable from fy202021 ay 202122. 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. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay. In case income is more than rs 1 crore, a surcharge of 12% is applicable on the income tax amount. Paripatra2014 income tax paripatra income tax 202014. Below are rates of depreciation for incometax for ay 1920 or fy 1819 for your referance. There will be no surcharge on income tax payments by partnership firm and cooperative society while for domestic company surcharge will be 5% and anad 2% on foreign company for fy 2012 ay 2014.

Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen savings scheme retirement december 22, 2019 income tax rates. 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. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. Applicable to individual male below the age of 60 years and huf. The income tax slab for hindu undivided family huf is the same as the tax slabs for individuals under the age of 60 years in the year 2019 2020. 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 income tax rates and deductions for fy 20. Surcharge and education cess see note income tax slab rates 201718 pdf download. A health and education cess of 4% will be added to the total tax outgo besides a surcharge if your income crosses. Sum of salary income divided by total number of returns within the value range slab. 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. Another significant change in this budget was abolishing lower tax slab. Income tax return form for assessment year 2012 has been released by income tax department. Tax rates are for assessment year 2012, assessment year 201112, assessment year 201011, ay 200910.

Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Taxable income in 10% slab maximum tax will be rs 32000. Income tax rates for assessment year 199293 income slab rs. Also health and education cess of 4% is applicable on the amount of tax computed, inclusive of surcharge. Individual resident or nonresident, who is of the age of less than 60 years on the last day of the relevant previous year. The indian finance minister has tabled today, the union general budget 201920 in the parliament. Income tax depreciation is very important expense from tax perspective. In this budget, a full tax rebate was announced for all the tax paying assessees who have a taxable income. The amount of income tax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge.

Income tax rates for individuals,hufs,for woman,senior citizen,cooperative society,firm, income tax rates for fy 2012 and ay 2014. 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 slabs ay 201819 fy 201718 income tax slabs ay 201920 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Dividend distribution tax rate are same in last four years.

Latest income tax slabs in india fy 201617 or as 201718. In the budget 20 announcement the tax slabs has been. Income tax income tax rates ay 2012 fy 2011 referencer. Income tax slabs income tax rates fy 201112 av 2012. 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. Income tax slab rate for ay 202122 for individuals opting for old tax regime. Income tax circular 2014 circular, income tax 2012 amendment of income tax. Income tax slab rates 201718 pdf download ay 201819. Income tax rates for assessment year 2012 resident senior citizens above 80.

For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Income tax slab rate for fy 2012 pdf income tax rates. 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 slabs ay 201819 fy 201718 income tax slabs ay 201920 fy 201819 income tax slab rates for ay. For the assessment year 2021 the local authority will be taxed at 30 percent. 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. For normal category the simple calculation is as follows. An education cess of 3% is payable on the tax, yielding effective tax rate of 30. Income tax rates slabs for the financial year 20112012 a.

Income tax slabs income tax rates and deductions for fy. Net income range income tax rates health and education cess up to rs. Income tax department income tax return statistics. Income tax rates for assessment year 202014 previous year 2012. Basic rates for companies are same,however surcharge has been reduced to 5 % from 10%.

Income tax slab rates for last 25 years in india 199293. Latest income tax slabs and rates for fy 2012 and as 2014. Assessment year ay 2012 income tax slabs 20112012 for general tax payers income tax slab in rs. All taxpayers range of house property income ay 2012. The amount of income tax shall be increased by education cess on income tax at the rate of 2% percent of the income tax payable by both resident and nonresident assessees. Budget 2020 presented on february 1, 2020 has made some changes in the tax slab.

Income tax ratesincome tax slab for assessment year 202021 previous year. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Income tax circular 2014 circular, income tax 2012 amendment of income tax ordinance section 19. Income tax is one thing which every salaried man on the street is interested in. Below are the latest income tax slab rates for fy 201920 or ay 202021. It is very important to take correct rate for claiming depreciation. The amount of income tax shall be increased by education cess on income tax at the rate of 2% percent of the income tax. Your income from salary, business or other income like income from fixedrecurring deposits etc are taxed as per income tax slabs. 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. Income tax slabs for partnership firms there is a flat tax rate for partnership firms and llps limited liability partnerships and they are to pay income tax at the rate.