Income tax slab for ay 2012-13 pdf

In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. There is no change in tax structure for woman and senior citizens. Advance tax company calculator for ay 2012 income tax. Latest income tax slabs in india fy 201617 or as 201718. Common mistakes in filling of income tax return itr form.

The revised income tax slabs and rates for financial year 201920 the interim budget for 2019 was recently announced on 1 february 2019. 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. Latest income tax slabs and rates for fy 2012 and as 2014. Last 25 years income tax rates linkedin slideshare. Income tax ratesslabs for financial year 201112 assessment. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. Income tax department income tax return statistics. Neither income tax department, nor any of its officers or employees accept any liability or responsibility for the accuracy, reasonableness or completeness of, or for. The amount of incometax shall be increased by education cess on income tax at. The new and revised income tax slabs and rates applicable for the financial year fy. For those with an income between rs 25 lakh the tax deduction would be 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. In this budget, a full tax rebate was announced for all the tax paying assessees who have a taxable income of up to rs. 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 following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Surcharge ec and secondary and higher secondary education cess shec are also charged over and above the tax. 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. Basic rates for companies are same,however surcharge has been reduced to 5 % from 10%. Another significant change in this budget was abolishing lower tax slab for women. 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. Find the income tax slab rates for the last 7 years all at one place 1 f. Taxable income in 10% slab maximum tax will be rs 32000.

In other words, in this year, the taxpayers were not given any extra relief in terms of income tax rates. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Common mistakes in filling of income tax return itr form ay 2012 reasons for mistakes in calculation of income. He cheered the taxpayers by putting some extra money in their pockets by increasing the exemption limit by rs. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Income tax return form for assessment year 2012 has been released by income tax department. Even the lowest tax rate has gone down from 20% to 5%. Please note the assessment year for this will be ay 202014. Income tax rates for financial year 2012 and ay 2014. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012.

Fy 202021 ay 202122, fy 201920 ay 202021, fy 201819 ay 201920 and last 10 years find updated latest income tax slab rates in india for individuals, company, nri, huf, boi, aop, llp, local authority, co. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax. 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. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Tax rates are for assessment year 2012, assessment year 201112, assessment year 201011,ay 200910. Oct 06, 2011 tax rates are for assessment year 2012 , assessment year 201112, assessment year 201011, ay 200910. To learn more about the income tax slabs ay 1819, click here. This is the income tax slabs for financial year 2012 and the analysis year 2014. Dec 16, 2019 concept of total income will be covered in latter post. The accurate and complete filling up of the relevant column or detail in the income tax return itr form is most crucial for correct calculation of 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. Log on to efiling portal at if you are not registered with the efiling portal, use the. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014. Last 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay 201415 by shankar bose inspector of income tax oo the principal chief commissioner of income tax, odisha, bhubaneswar 2. 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. 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 30% b. Ay 2014 fy 2012 it is to be noted that in the financial yearthe slabs and tax rates were kept at the ry level as those in the. For income between rs 510 lakh the tax bracket will be 20%. Jul 30, 2012 income tax return form for assessment year 2012 has been released by income tax department. Income tax slab rates for the last 7 years yash shindes. Now itr5 and itr6 has also been released in paper form.

The exemption limit for income tax has also increased more than 10 times from rs. 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. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Latest income tax slabs and rates for fy 2012 and as. Income tax slabs fy 2012, ay 2014 in income tax finance minister pranab mukherjee increase the tax exemption limit from rs. In case the computation of income or refund is different than what had. However, tax rate is 25% if turnover or gross receipt of the company does not exceed rs. Jan 20, 2020 the new tax slab rate was rxte but changes are not of much significant. The new tax slab rate was rxte but changes are not of much significant. Income tax slab rates for last 25 years in india 199293.

The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income tax. Use our free income tax calculator for getting an idea of how much tax you will be saving compared to last year per the latest tax rates. For senior citizens age 60 years or more but less than 80 years. Concept of total income will be covered in latter post. 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. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. Additional surcharge on income tax secondary and higher education cess on. 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 department income tax return statistics assessment year 2012 version 2. 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. 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 department income tax return statistics assessment. For income upto rs 2 lakh, the tax deduction will now be nil.

The latest income tax slab to calculate your tax for year 201220 based on budget 2012 budget. Income tax slab rates for last 25 years in india 199293 to. Dividend distribution tax rate are same in last four years. The basic exemption limit has been increased from rs 2 lakh to rs. The amount of incometax shall be increased by education cess on income tax at the rate of two per cent of the incometax. 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 ay 2012 the new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. 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. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Ay 2014 fy 2012 it is to be noted that in the financial yearthe slabs and tax rates were kept at the ry level as those in the previous financial year male below 60 years. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. 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 is one thing which every salaried man on the street is interested in. Health and education cess is levied at the rate of 4% on the amount of incometax plus surcharge. 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. Matminimum alternate tax rate has been increased in last four years. Income tax slabs financial year 2014 rgess eligible nsebse shares list. The good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. Income above rs 10 lakh will now come under the 30% tax bracket. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415. Fintotal knowledge income tax slabs financial year 2012. For normal category the simple calculation is as follows. For most of the assessee itr5 is required to be filed through efiling.