Income tax slab rates for fy 2016-17 pdf

Fill up the relevant details to know your tax liability for fy 201617 income tax slabs for fy 201617 ay 201718 education cess of 3% surcharge of 15% on rs 1 crore plus income earners tax credit of rs 5,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female income tax slab tax up to rs. Tax reckoner 201617 the rates are applicable for the financial. 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. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 201617 save tax with. It is deductible from income tax before calculating education cess.

Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201617, to know more about income tax slab. Tax rates 20162017 year residents the 2017 financial year starts on 1 july 2016 and ends on 30 june 2017. Income tax slab rates income tax slab rates with the introduction of union budget 2020, there has been a substantial change and modification in the tax slabs applicable to the salaried class. The amount of incometax shall be increased by a surcharge at the rate of 12% of. Rates for deduction of income tax at source from salaries, computation of advance tax and charging of income tax in special cases during the financial year 20162017. Incometax slab rates for individual for fy 201617 ay 201718. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. As there was no change in income tax slabs for fy 201516 i.

Incometax slab rates for individual for fy 201617 ay 2017. Find updated latest income tax slab rates in india for individuals, company, nri, huf, llps. Today we are providing income tax slab rates for assessment year 2016 17. The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the following year. Income tax rate chart income tax slabs as applicable for assessment year 201718 financial year 201617 for individual, huf, aop, boi, partnership firms, llp and companies. However from budget 2016, 10% tax levied if your dividend income is more than rs. Income tax slab rates for ay 201617 local authorities local authorities are taxable at a rate of 30%. The above rates do not include the medicare levy of 2%. These rates apply to individuals who are australian residents for tax purposes. Service tax rate chart for fy 201617 with service tax. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent account number.

Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. We give below the income tax rates and slabs applicable for the fy 201516 or ay 2016 17. Rebate section 87a for ay 201617 is over and above the below slabs surcharge 12% if the total income exceeds rs. Income tax slab rates for financial year 201516 assessment. Every year the income tax rates are changed and it is important to get the latest income tax rates. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Aug 14, 2019 latest income tax slab rates for fy 2016 17. For individuals below 60 years age including woman assessees. Surcharge at the rate of seven per cent shall be levied in case of a domestic company if the total income of the domestic company exceeds one. Latest income tax slabs and rates for fy 201516 and ay. However, tax rebate us 87a increased from rs 2,500 to rs 12,500, individuals with taxable income up to rs 5 lacs will enjoy 100% tax rebate.

May 23, 2016 download tds rates chart fy 2016 17 ay 17 18 tds deposit due dates interest penaltylike us on twitter facebook to open lock. Income tax bands are different if you live in scotland. Income tax slab rates for womens, income tax slab rates for mens, income tax slab rates for senior citizens, income tax slab rates for super senior citizens, etc. Below are the income tax slab rates for fy 201617 or ay 2017 18. Income tax slab rates for ay 201617 local authorities. This rate will continue to be the same as that specified for financial year 201516.

Latest income tax slab rates for fy 201617 assessment year 20172018 in india. 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. Applicable income tax rates investments in mutual fund schemes. Mar 01, 2016 download income tax calculator ay 201617 in excel income tax calculator for financial year 201516, ay 201617 have been created in excel format for free download. Find out about the tax rates for individual taxpayers who are.

Here is a primer on income tax slab rates for ay 201617. New income tax slab for fy 201516 ay 201617 for resident senior citizens 60 years mar 21, 2020 income tax slab rates for womens, income tax slab rates for mens, income tax slab rates for senior citizens, income tax slab rates for super senior citizens, etc. Income tax ratesslab for assessment year 201718 previous year 201617 income tax rates for financial year 201415 and 20152016 are same, there is. Income tax slab rates for 202021, income tax rates fy. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. 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 financial year 2016 17 are as follows. New income tax slab for financial year 201617 mytaxcafe. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Below is the chart about capital gain tax for fy 201617 ay 201718 tax effect on dividend received by holders equity orientednil and debt orientednil. The following income tax slab rates are notified in new tax regime vs old tax regime. As i have to urgently put up a claim to it dept for refund related to previous 20 years can you please send me the details of entire it slabs surcharge etc from 1991 upto date. At hdfc life, we ensure that our customers are wellinformed about the latest income.

Now you can scroll down and check more details about income tax slab rates ay 20192020, fy 201617. More number of taxpayers are brought under surcharge with this move of making surcharge applicable to. Income tax is calculated on the taxable income of an assessee as per the income tax slab rates that are applicable for the relevant financial year. Service tax rate chart for fy 201617 and ay 20172018 upto 1st june 2016. 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. The amount of rebate is 100 per cent of income tax or rs. Fill up the relevant details to know your tax liability for fy 201617 income tax slabs for fy 201617 ay 201718 education cess of 3% surcharge of 15% on rs 1 crore plus income earners tax credit of rs. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021 income tax slab rates help you decide whether your income is taxable or not.

The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. The finance minister has proposed to tax the super rich by increasing surcharge from 12% to 15% if the. Security transaction tax stt rates for fy 201617 ay. Latest income tax slabs and rates for fy 201516 and ay 201617.

Download income tax calculator ay 201617 in excel income tax calculator for financial year 201516, ay 201617 have been created in excel format for free download. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718. Fm has announced a new income tax regime following which individuals will have to pay lower taxes for fy 202021 onwards as compared the current tax laws. Income tax slab rates for fy 201617 ay 201718 budget 201617. Income tax slabs for fy 2016 17 budget 2015 has made no change in the income tax slab. Income tax rates for financial year 201617 taxmann. Nonresident individualhuf net income range income tax rates health and education cess up to rs. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent account. Lets first understand what is income tax slab in india. Income tax slab rates for financial year 201617 have not been changed much in budget 2016. Income tax slab rates for fy 201617 ay 201718 budget. This video by fincalc tv explains the process of calculating income tax for a particular financial year fy 201617. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.

In order to gain tax benefits to the fullest, it is essential to understand the current income tax slab rates. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the income tax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. The latest income tax slabs for ay 201920, ay 202021 and ay 202122 are. Incometax slab rates for individual for fy 201617 ay. Examples used are for illustration purpose in order to simplify the process. Have a look at the income tax slabs for the financial year 2016 17. Ay 2016 17, the following rates were also applicable for fy 201415 ay 201516. The normal tax rates applicable to a resident individual will depend on the age of the individual. But the surcharges are varied depending on the income.

For financial year 201617 department has merged the different itr and numbering of itr has been changed and after read more. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Income tax slab rates for financial year 201516 assessment year201617 resident super senior citizen who is 80 years or more at any time during the previous year net income range income tax. Normal rates of tax applicable to all individuals who are less than 60 years of age. In india, we have a progressive method of taxation, this means the more your income is the more tax you will. Income tax slab rates 201819 pdf download ay 201920. Income tax slab rates remain unaltered in the interim budget 2019 for the next financial year. Hi friends download full depreciation rate chart in pdf format. Here is a primer on income tax slab rates for ay 2016 17. These income tax rates show the amount of tax payable in every dollar for each income tax bracket depending on your circumstances.

Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Individual income tax rates australian taxation office. Have a look at the income tax slabs for the financial year. Security transaction tax stt rates for fy 201617 ay 201718.

Service tax rate chart for fy 201617 with service tax rate. A tax rebate under section 87a is allowed to individual taxpayers a maximum amount of. But the tax slabs have not been changed for the last few years. How income tax structure, slabs in budgets over last 4. Get income tax slab rates and income tax deductions in india for assessment year ay 2016 17.

The finance minister introduced new tax regime in union budget, 2020 wherein there is an option for individuals and huf hindu undivided family to pay taxes at lower rates without claiming deductions under various sections. However it has increased the surcharge from 12% to 15% applicable for income above rs 1 crore. Finance bill 2015 is silent on the section 87a, which was introduced by finance bill 20 with effect from ay 201415 and provides a rebate of rs. Income tax slab for filing tax return on income in india. Senior citizen individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year. The surcharge will be applicable if the income exceeds rs. Income tax slabs for financial year 201617 fintrakk. Personal tax rates 201617 free tax calculator spreadsheet here apr 14, 2020 new income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and company.

March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Feb 29, 2016 income tax slabs for fy 2016 17 ay 201718 for firms in the case of firms, the rate of income tax has been specified in paragraph c of part iii of the first schedule to the bill. Income tax slab rates for fy 201617 ay 201718 basunivesh. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. If you are a salaried professional, you will be required to check the latest income tax slabs.

For the assessment year 201617, a partnership firm including llp is taxable at 30%. Nov 26, 2016 this video by fincalc tv explains the process of calculating income tax for a particular financial year fy 2016 17. Assessment year 2016 17, relevant to financial year 201516. Get income tax slab rates and income tax deductions in india for assessment year ay 201617. Mar 17, 2016 march 1 to 15, 2016 u taxmanns corporate professionals today u vol. Download depreciation rate chart for ay 201718, 201819 as per income tax act in pdf format. Articles explains rates of income tax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt, commodities transaction tax ctt and dividend distribution tax ddt rates for financial year 201516 i. So, refer the above table for the local authorities surcharges. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total. Jan 12, 2016 rebate section 87a for ay 201617 is over and above the below slabs surcharge 12% if the total income exceeds rs. Incometax slab rates for individual for fy 201516 ay 201617. Income tax slab rates for ay 201617 fy 201516 ndtv. Service tax rate chart for fy 201617 and ay 20172018 upto 1st june 2016 service tax rate increased from 14.

The above income tax rates are for general category men women who are below 60 years of age. This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax on arrears. At hdfc life, we ensure that our customers are wellinformed about the latest income tax slab rates in india as well as the tax benefits relevant to life insurance policies for the financial year 201819. Ay is assessment year latest income tax rates for fy 201516.