Income tax slab rates 201819 pdf download ay 201920. Trust income tax slab rates for a y 201415 caclubindia. Income tax slab for financial year 201415 mytaxcafe. Rate of income tax for individual a slab rate assessment year 2014 15. For senior citizens age 60 years or more but less than 80 years. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 201415. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax return itr forms for financial year 2014 15 assessment year 2015 16 last date for filing extended upto 31st august 2015. As speculated, the income tax department has notified the itr forms for assessment year 201617 much earlier, though the schema for electronic filing is yet to be made available hope to get it soon as well. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. Surcharge and education cess see note income tax slab rates 201819 pdf download. Incometax slab rates for individual for fy 201516 ay 201617 incometax slab rates for individual for fy 201415 ay 201516.
The income tax rates and slabs applicable for the financial year 2014 are same as it was during financial year 2012, except the two major changes which was given below. Income tax slab rates for 2014 and 201415 by shankar bose inspector of incometax mstu, puri 2. Jul 30, 2012 income tax return form for assessment year 2012 has been released by income tax department. How to file itr 2 for ay 201819 income tax return hindi.
The budget 2014 has changed the income tax slab rates slightly as compared to the income tax rates of financial year 2014. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Taxable income in 10% slab maximum tax will be rs 32000. The assessment year ay is the year that comes after the fy. Rates of incometax for fy 201415 ay 201516 as per the finance no. Apr 19, 2019 income tax slab for financial year 2014 ay 2014 15 finance minister p chidambaram presented the union budget on 28th february, 20. Income tax slab rates for individualhuf for fy 201415. Fy 2014 the income tax department of india has issued the updated schema for the itr 4 income tax return 4 for the assessment year 201415 i. Incometax slab rates for individual for fy 201415 ay. Income tax returnitr form ay 201415 now available itr1.
Rates of income tax for fy 201415 ay 201516 as per the finance no. My question is that this arrear should not be added in previous year. Fillable form for itr1 sahaj includes excel file itr 2. For financial year 2014, additional surcharge called the education cess on income tax and secondary and higher education cess on income tax shall continue to be levied at the rate of two per cent. Fillable form for itr 2 sahaj includes excel file itr2a.
Incometax slab rates for individual for fy 201516 ay 2016. Now my total income is rs 591684 including the arrears. Income return form 2 is used by an individual or a hindu undivided family huf who is not. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs. This return form is applicable for assessment year 201819 only, i.
Download income tax calculator for fy 201415 ay 201516. For individuals, hufs and firms other than llp being a resident having total income upto rs. These are the forms you need to file your income tax returns for the income earned between april 1st 20 and march 31st 2014. In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the. Highlights of change in direct taxes in the union budget 20 1. Income tax slab rates for last 25 years in india 199293. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Income tax slabs income tax rates fy 201415 av 201516. Download free major itr forms for financial year 201415.
The budget 2014 has changed the income tax slab rates slightly as. Jun 03, 2019 the last date to file ones income tax return for the financial year 201819 or the assessment year 201920 is july 31, 2019, unless extended by the government. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. If you have more than one housing property, income from stcgltcg you have to use itr 2.
In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Income tax calculator for fy 2014 15 ay 201516 351. Union budget 2014 has amended the basic income tax slabs for financial year 201415, however there is no change in the income tax rates, surcharge and cess. For normal category the simple calculation is as follows. The basic exemption limit has been increased from rs 2 lakh to rs. 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. Form2 for the assessment year 201920 relating to the financial year 201819.
Business or profession please see rule 12 of the incometax rules,1962, itr 2 pdf. For most of the assessee itr5 is required to be filed through efiling. Income tax slab rates for financial year 2014 assessment. Income tax slabs for financial year 201415 mytaxcafe. Step by step guide to efile itr1 income tax return for ay 201920 ideal for first time tax payers. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516.
An education cess of 2 % and shec of 1% will be levied on the tax calculated with the information given in below tables given below. Income tax amendment for the assessment year 201415. Feb 28, 20 for financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent. The itr2 excel utility downloaded from incometaxindiaefiling site the values entered in schedule cg are not adjusted automatically although the total amount is below basic exemption limit. Download itr4 income tax return 4 in pdf excel and java schema for efiling of income tax return for ay 201415.
Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Income tax rates for financial year 2012 and ay 2014. Income tax slab tells the tax rate at which you have to pay tax on income. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Best tax saving mutual funds 201819 income tax slabs which itr to file. These tax slabs are applicable for income tax return filing the previous financial years 201617 ay 201718, 201516 ay 201617, 201415 ay 201516. How to file itr 2 for ay 2018 19 income tax return is one of the most confusing tasks for any taxpayer. Incometax slab rates for individual for fy 201516 ay. Now itr5 and itr6 has also been released in paper form. 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.
Itr 2 for individuals and hufs not having income from business or profession please see rule 12 of the incometax rules,1962. Itr1 sahaj,itr 2,itr3, itr4 and itr4s sugam has been released. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. Income tax department has issued a circular about tds on salary and all the aspects of income tax on salary, different circulars and notifications, forms, deduction on salary etc.
The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty. This return form is applicable for assessment year 201920 only, i. Apr 08, 2014 income tax returnitr form ay 201415 now available itr1sahaj itr4ssugam java based no need to login income tax site. Aug 11, 2011 income tax rates slabs ay 201011 individual huf boi aop the rates for assessment year 201011 is given in the table below. Apr 20, 2014 income tax return forms, itr for ay 2014 15 or fy 2014 the income tax department has released the income tax return forms for assessment year 2014 15 financial year 2014. 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. Income tax slab rates for 2014 and 201415income tax slabrateincome tax slabrate for assessment year 2014 and income tax rates for f. From an income tax perspective, fy is the year in which you earn an income. Income tax return form for assessment year 2012 has been released by income tax department. Jun 07, 2018 how to file itr 2 for ay 2018 19 income tax return is one of the most confusing tasks for any taxpayer.
Itr forms for ay 201617 paper filing format has been notified by the income tax department. Income tax ratesslab for assessment year 201415 previous year 2014 rates %age. Given below are the various tables for the latest income tax slabs for the fy 20202021. Apr 05, 2014 every year the income tax rates are changed by the government and every year government charged tax on the new tax slab or on the latest tax slabs.
These instructions are guidelines for filling the particulars in incometax return. Download free major itr forms for financial year 201415 itr1. Normal rates of tax applicable to all individualshuf who are less than 60 years of age. Log on to efiling portal at if you are not registered with the efiling portal, use the register. Y 201415 are same as budget of 2103 has made no changes in the income tax slabrates for.
Instructions to form itr 2 ay 201920 page 1 of 44 instructions for filling out form itr 2 these instructions are guidelines for filling the particulars in incometax return form 2 for the assessment year 201920 relating to the financial year 201819. Fy 201415 note the new government has presented the budget for ay 201516 on 10. Important points to know while filing itr this year. For individuals and hufs having income from profits and gains of business or profession. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Please note that the income of financial year 2014 15 is taxable at the tax rate applicable for assessment year 201516. Rate of income tax for individual a slab rate assessment year 201415 highlights of change in direct taxes in the union budget 20 1. The amount of income tax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty lakh rupees but does not exceed one crore rupees. Based on the annual income earned by an individual, the following table.
Income tax rates 20142015 for filing individual tax returns. Latest income tax slabs in india income tax act 1961 fy 201516 or as 201617. Jul 06, 2015 step by step guide to efile itr1 income tax return for ay 201920 ideal for first time tax payers. My next question is that how should be calculated the income tax for current year.
Guide to efile itr1 income tax return for ay 201920. For detailed instructions on how to fill itr4s, click here pdf file. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for. Sir, kindly give me the coorect suggestion which form required to be filled by salaried pension employee.
Income tax return forms, itr for ay 201415 or fy 2014 the income tax department has released the income tax return forms for assessment year 201415 financial year 2014. For that you need to use java utility of ay 201516, not ay 201415. However, taxation is slab based and also depends on the age of the individual taxpayer. Apr 14, 2020 income tax slabs ay 2014 15 fy 2014 income tax slabs ay 201516 fy 2014 15 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. Every year the income tax rates are changed by the government and every year government charged tax on the new tax slab or on the latest tax slabs. Income tax slabs and rates for fy 202021 bankbazaar. Income tax returnitr form ay 201415 now available itr1sahaj itr4ssugam java based no need to login income tax site.