Income tax slab rate for ay 2012-13 pdf

Number of income tax payers can double to 12 crore. Ay 202021 fy 201920 vote on account income tax october 18, 2018 guide to standard deduction deductions september 22, 2018 number of days work to buy an iphonex others. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. 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 ratesslabs for financial year 201112 assessment. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Income tax rate applicable to partnership firm for ay 2021. He cheered the taxpayers by putting some extra money in their pockets by increasing the exemption limit by rs. This category is abolished from this year and is thus is same as that of. On the basis of the same, the appellant claimed exemption under s. Another significant change in this budget was abolishing lower tax slab for women.

Further rates of sttsecurities transaction tax ay 2011. Rates of income tax for companies,firms,limited partnership firm and all other assesses for financial year 201011 is also given in the charts. 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. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Rate of tax for individuals for financial year 2012 is as follows. For senior citizens age 60 years or more but less than 80 years.

Latest income tax slabs and rates for fy 2012 and as. Tax rates are for assessment year 2012, assessment year 201112, assessment year 201011,ay 200910. Income tax rates slabs for the financial year 20112012 a. Last 25 years income tax rates linkedin slideshare. 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.

In other words, in this year, the taxpayers were not given any extra relief in terms of income tax rates. The rates of tax and level of total income are as under. There is no change in tax structure for woman and senior citizens. It is very important to take correct rate for claiming depreciation. Income tax rates for financial year 2012 and ay 2014. Income tax rates for assessment year 202014 previous year 2012.

Income tax rates applicable for the financial year fy 2012 and assessment. In addition to income tax, 2% of educational cess and 1% of secondary higher educational cess is also payable on income tax calculated rounded off to nearest tens. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. Oct 12, 2012 there will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. Tax slab for financial year 201415 assessment year 1516 for men below 60 years of age for senior citizens age 60 years or more but less than 80 years. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Income tax income tax rates ay 2012 fy 2011 referencer. Income tax slab rates for last 25 years in india 199293 to. The amount of incometax shall be increased by education cess on income tax at.

Rates of depreciation for incometax for ay 1920 or fy. Income tax depreciation is very important expense from tax perspective. Income tax department income tax return statistics assessment. Oct 06, 2011 tax rates are for assessment year 2012 , assessment year 201112, assessment year 201011, ay 200910. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. The amount of incometax shall be increased by education cess on. Income tax slab rates for last 25 years in india 199293. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. 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. Tax slab for financial year 201516 assessment year 1617.

These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. In case income is more than rs 1 crore, a surcharge of 12% is applicable on the income tax amount. 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. Taxable income in 10% slab maximum tax will be rs 32000. This is the income tax slabs for financial year 2012 and the analysis year 2014. 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. Changes in income tax slabs for individuals over last five. The new tax slab rate was rxte but changes are not of much significant.

Basic rates for companies are same,however surcharge has been reduced to 5 % from 10%. Mar 16, 2019 admin march 16, 2019 march 16, 2019 no comments on income tax slab rate for fy 2012 pdf income tax rates. 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. For general tax payers including women income slab tax rate 0 to 2,50,000 no tax 2,50,001 to 5,00,000 10% 5,00,001 to 10,00,000 20% above 10,00,000. Net income range income tax rates health and education cess up to rs. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. Net income range income tax rates surcharge education cess upto rs.

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. 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. Dec 16, 2019 concept of total income will be covered in latter post. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. 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. To learn more about the income tax slabs ay 1819, click here. Below are rates of depreciation for income tax for ay 1920 or fy 1819 for your referance. The exemption limit for income tax has also increased more than 10 times from rs. Also health and education cess of 4% is applicable on the amount of tax computed, inclusive of surcharge. For normal category the simple calculation is as follows. For the assessment year 2021 the local authority will be taxed at 30 percent. Latest income tax slabs and rates for fy 2012 and as 2014. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014.

There used to be surcharge of 10% on income tax calculated up to ay 200910. Find the income tax slab rates for the last 7 years all at one place 1 f. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. Nov 18, 2011 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.

Concept of total income will be covered in latter post. Latest income tax slabs in india fy 201617 or as 201718. 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. Apr 14, 2020 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. 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 department income tax return statistics. Incometax slab rates for individual for fy 201516 ay. Income tax slab rates for the last 7 years yash shindes. 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.

For local authorities, income is taxed at a flat rate of 30%. Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs. Jan 20, 2020 the new tax slab rate was rxte but changes are not of much significant. 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. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Aug 11, 2011 income tax rates slabs ay 201112 individual huf boi aop the rates for assessment year 201112 is given in the table below. Even the lowest tax rate has gone down from 20% to 5%. Jun 04, 2011 for local authorities, income is taxed at a flat rate of 30%. Tax rates as applicable for different persons for the a. Income tax slabs and rate chart for ay 2014 fy 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.

Income tax ratesincome tax slab for assessment year 202021 previous year. Apr 22, 20 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 slab for filing tax return on income in india. Income tax rates for assessment year 199293 income slab rs. Income tax slabs income tax rates fy 201112 av 2012.