Nnincome tax slab for fy 2011-12 pdf

India income tax slabs for assessment year 201112 financial year 20102011 general tax payers income tax slab in rs. Mar 21, 2012 the union budget 201220 announced by finance minister pranab mukherjee has amended the tax slab for individuals. Income tax rates for fy financial year 2011 12 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Scribd is the worlds largest social reading and publishing site. However, in case of a nonresident individual the tax rates will be same irrespective of his age. For individuals below 65 years age, other than woman assessees. Have a look at the past 25 years income tax slab rates for individuals in india. 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.

The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. There will be no surcharge on income tax payments by individual taxpayers during fy 2011 12 ay 2012. For senior citizens the basis income tax exemption limit is rs 3 lakh and for super senior. New income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Apr 09, 2018 the central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Tax rates as applicable for different persons for the a. Income tax rates for assessment year 201220 previous year 201112. Aug 11, 2011 income tax rate slab ay 2011 12 1011 0910 0607 0809 0708 income tax rate chart slabs for assessment year 2011 12 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 example, if the income deducted from gross total income before tax calculation was in the 30% plus 4% cess bracket then that would the amount of tax saved. Tax rate applicable for a y 2011 12 on income dividend wealth mat stt capital gain and presumptive income personal tax scenarios individual income level 500 000 1 000 000 1 500 000 current tax 55 620 210 120 364 620 proposed tax 35 020 158 620 3 120 effective tax savings 20 600 51 500 51. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. New income tax slab for financial year 201516 mytaxcafe. For normal category the simple calculation is as follows. Super senior citizens whose age is 80 years and above. The amount of rebate is 100 per cent of income tax or rs. Income tax slab for individuals fy 201220 ay 202014. Please note that the income of financial year 201415 is taxable at the tax rate applicable for assessment year 201516. Long term capital gains a on equity shares and units. The following income tax rates are applicable for the financial year ending march 31, 2016 i. Income tax ratesslab for assesment year rate % 201112 f y 201011 up to 1,60,000 up to 1,90,000 for women nil up to 2,40,000 for resident individual of 65 years or above 1,60,001 5,00,000 10 5,00,001 8,00,000 20 8,00,001 upwards 30 few amendments made to the.

Latest income tax slabs and rates for fy 2012 and as. Income tax slab rates for last 25 years in india 199293. The income tax slab fy 1920 is a set of predetermined rates based on which a taxpayers income is assessed. Income tax rates, income tax slabs for assessment year 2012 by vishal vijay gupta and co. Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year. Income tax department income tax return statistics assessment. The new and revised income tax slabs and rates applicable for the financial year fy 2011 12 and assessment year ay 2012 are mentioned below. Income tax slab for financial year 201415 posted on. Income tax rates income tax slabs for assessment year. 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. Income tax department income tax return statistics.

New professional tax slab in west bengal, 2014 wbxpress. Income tax slab for filing tax return on income in india. What is income tax, income tax slab for fy 201718, e. Tax amendments for the fy 2011 12 are mentioned below. Latest income tax slabs and rates for fy 2012 and as 2012.

A set of new direct tax codes have been proposed, which will be active from financial year 2011. Income tax ratesslabs for financial year 2011 12 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Income tax slabs for financial year 2014 goodreturns. Click here to save tax with hdfc lifes various online insurance products. New professional tax slab in west bengal, 2014 updated on january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. Dec 12, 2017 income tax slabsrates for fy 201718 and useful income tax deductions. Up until financial year fy 201112, women and men had different income tax slabs with women having to pay slightly less tax. There are lot of changes in tax rates and cess in the last 25 years. Net income range income tax rates surcharge education cess upto rs.

The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Select, 202021, 201920, 201819, 201718, 201617, 201516, 201415, 20 14, 2012, 201112, 201011. Rebate us 87a of the income tax act 1961 sensys blog. Please note that the income of financial year 201516 is taxable at the tax rate applicable for assessment year 201617. May 05, 2011 tax slab of the current assessment year ay i. The union budget 201220 announced by finance minister pranab mukherjee has amended the tax slab for individuals. The basic exemption limit has been increased from rs 2 lakh to rs. Income tax slabs income tax rates and deductions for fy.

What were the tax saving issues issues in fy 201112, issues in fy 2012, should one book profit in tax free bonds of fy 201112. Taxsaving investments for fy 201920 allowed till june 30, 2020. Professional tax rate for 201112 in maharashtra this query is. Income tax slabs income tax rates fy 201112 av 2012.

For individuals, huf, association of persons aop and body of individuals boi. Here is the ready reckoner of inomce tax slabs for the financial year 2014 which will help you while filing tax. Long term capital gain arising on transfer of equity shares in a recognized stock exchange in india or units of an equity oriented mutual fund if 65% of total proceeds of the fund are invested in equity shares, and on which securities transaction tax is chargeable. Income tax slab every year amendments are made to the income tax act by proposing a finance bill which directly decides the threshold limits for various tax rates. Mar 22, 2010 tax rate applicable for a y 2011 12 on income dividend wealth mat stt capital gain and presumptive income personal tax scenarios individual income level 500 000 1 000. 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. Jan 08, 2019 new professional tax slab in west bengal, 2014 updated on january 8, 2019 scheduled rates of professions tax to be recovered by ddo from the salary and wages earners as per the west bengal state tax on professions, trades, callings and employment act, 1979, commonly known as profession tax act. Income tax ratesslabs for financial year 201112 assessment. Increase in base income tax slab of men and senior citizens. Tax brackets in india income tax on salary income tax returns income tax slabs indian wealth tax itr v verification form latest income tax slabs meaning of assessment year pan card pensioners professional tax in delhi. For resident woman who is below 65 years of age at any time during the previous year. Taxable income in 10% slab maximum tax will be rs 32000. Income tax rates for fy financial year 2011 12 ay assessment year 2012, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess.

Income tax return form for assessment year 20112012 by vishal vijay gupta and co. Latest income tax slabs for fy 2011 2012 here are the latest slabs for the income tax for the income incurring in fy20112012. Income tax slab for financial year 201415 mytaxcafe. Income tax rates for financial year 201415 and 20152016 are same, there is no change in tax. It is deductible from income tax before calculating education cess. Amount of tax saved by using section 80c depends on the tax slab in which the income was falling. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. 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 201718.

Income tax slabs for filing tax return for individuals and hufs. Nonresident individualhuf net income range income tax rates health and education cess up to rs. Applicable to individual male below the age of 60 years and huf. Year 2010 2011 this income tax slab table can be used as a ready reference in calculating your income tax for year 201011. Income tax slabsrates for fy 201718 and useful income tax.

The normal tax rates applicable to a resident individual will depend on the age of the individual. Tax amendments for the fy 201112 are mentioned below. Income tax rates income tax slabs for assessment year 2012. Marginal relief would be provided to ensure that the additional income tax payable including surcharge, on the excess of income over rs. Sum of house property income divided by total number of returns within the value range slab. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Senior citizens whose age is 60 years and above but less than 80 years. Other deduction from income under income tax fy 1112. This newly inserted section gives rebate up to maximum of rs. Women are also brought under the same tax slab and now there will be no gender discrimination. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget.

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. Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 2011 12 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. 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 rates slabs for the financial year 20112012 a. Latest income tax slab rates for your quick reference. The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 20112012. New income tax slab for financial year 201516 posted on.

Calculate your income tax with taxmann income tax calculator. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 2011 12. This year the honorable finance minsiter of india, piyush goyal has. Year 20102011 this income tax slab table can be used as a ready reference in calculating your income tax for year 201011. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. The exemption limit has been raised from 180000 to rs. What is income tax, income tax slab for fy 201718, efiling process as we work to earn our living to fulfill our needs and desires, the government has its own ways of earning money which is, in turn, utilized for creation or betterment of infrastructures for us to avail. 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.

Income tax slab rates for last 25 years in india 199293 to. Apr 25, 2020 income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Can anybody please provide me the slab of professional tax in maharashtra awaiting for your reply and thanks in advance. Aug 31, 2011 income tax rates slabs for the financial year 20112012 a. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. Professional tax rate for 201112 in maharashtra resolved. The new itr forms have been released by cbdt for fy 201415 income tax returns filing. Latest income tax slabs and rates for fy 2012 and as 2014.

Additional deduction for investing up to rs 20,000 in infra bonds under sec 80ccf. Income tax slab tells the tax rate at which you have to pay tax on income. The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 2011 2012. Before jumping into latest income tax slab rates fy 201819 ay 201920, first understand the difference between gross income and total income. Apr 21, 2011 can anybody please provide me the slab of professional tax in maharashtra awaiting for your reply and thanks in advance. Other deduction from income under income tax fy 11 12. Finance act 20, has introduced new section, namely section 87a.

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 year 2010 2011 latest income tax slab rates for your quick reference. 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. This is the income tax slabs for financial year 2012 and the analysis year 2014. Latest income tax slabsrates for fy 201718, ay 201819. Feb 27, 2010 new income tax slab proposed in budget 201011 and its impact on male individual, female individual, huf and senior citizen. Income tax slabs and rates for fy 202021 bankbazaar. Aug 11, 2011 income tax rates slabs ay 2011 12 individual huf boi aop the rates for assessment year 2011 12 is given in the table below. Reorganizing the different income tax slabs and simplify overall tax. Latest income tax slabs rates for fy 2012 and as 2014. Income tax slabsrates for fy 201718 and useful income tax deductions. Latest income tax slab rates fy 201819 ay 201920 there are three categories of individuals based on the age of taxpayer. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india.