Income tax slab for fy 2016-17 pdf download

Income tax slab rates for individual for fy 201516 ay 201617 steps to file your indian income tax return quickly with. Income tax slabs for fy 2016 17 budget 2015 has made no change in the income tax slab. However cess on income tax increased to 4 % from existing 3 %. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent account number. Rates for deduction of income tax at source from salaries, computation of advance tax and charging of income tax.

Income tax slab 201718 income tax slabs rate chart for assessment year. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Incometax slab rates for individual for fy 201617 ay. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax. However transport allowance of rs 19,200 and medical allowance of rs 15,000 will not be available for. Income tax slab rates 202021 pdf download ay 202021. Tax deduction for physically disabled persons income tax. Income tax slabs for filing tax return for individuals and hufs. Income tax slab for ay 202021 pdf download news, income. 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. Particulars tax rates 1 individual male and female. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. 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. 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 hdfc lifes various online insurance products.

But the tax slabs have not been changed for the last few years. Read our guide to know the old income tax slabs, rates, brackets or percentage for last 10 fys of individuals in india. Individuals below 60 yrs income tax slab 201617 ay 201718. Income tax slab for ay 202021 pdf download latest hindi news, income tax slab for ay 202021 pdf download breaking news, find all income tax slab for ay 202021 pdf download at. The latest income tax slabs for ay 201920, ay 202021 and ay 202122 are discussed in this article. Income tax slab rates for fy 201617 ay 201718 budget.

This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax. 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. New income tax slab for financial year 201617 mytaxcafe. Income tax slab rates for financial year 201617 have not been changed much in budget 2016. Given below are the various tables for the latest income tax slabs for the fy 20202021. Using the income tax exemptions, deductions, and income tax rebates, one can considerably reduce the amount of income tax. Here are the latest income tax slab rates as per the union budget 2020 for different categories of taxpayers and legal entities. How to file itr for fy 201617 and all the links you need although the last date to file itr for individuals is july 31, it helps to start work on your income tax return now so that one is not rushed. The amount of income tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. The total taxable income then will be your current income for the financial year minus the investments made for which tax exemptions can be availed. However it has increased the surcharge from 12% to 15% applicable for income above rs 1 crore. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details.

Latest epf withdrawal rules 2016 section 80ee first time home buyers can claim an additional tax deduction of up to rs 50,000 on home loan interest. Latest income tax slabs and rates for fy 201617 and ay 201718. The surcharge will be applicable if the income exceeds rs. March 1 to 15, 2016 u taxmanns corporate professionals today u vol. Income tax slab rates for fy 201617 ay 201718 budget 201617. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. Income tax slabs income tax rates and deductions for fy 2017. Importance the first step to understand the workings of income tax in india is to be aware of the taxation slabs released each financial year by the indian government and various deductions defined under different sections of the income tax. Standard deduction of rs 40,000 allowed for salaried persons pensioners.

A comparative analysis of income tax calculation for fy 202021 ay 202122 under the existing tax slab and the new income tax slabs introduced in budget 2020 can be understood by comparing taxable income. Income tax slabs and rates proposed for financial year 201920 as per interim budget 2019, individual taxpayers having taxable annual income up to rs. Following are the major highlights of the latest income tax slab. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers. Here we are providing complete solution for itr 1 sahaj. 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. The income tax slab for hindu undivided family huf is the same as the tax slabs for individuals under the age of 60 years in the year 2019 2020. As per section 80u of income tax act 1961, a foreign citizen who is resident in india during the financial year can also claim this income tax benefit for his physical disability. This video by fincalc tv explains the process of calculating income tax for a particular financial year fy 201617. Download income tax calculator fy 201617, ay 201718 in. 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. Arun jaitley presented the union budget on 29 february 2016. The income tax brackets are provided in union budget 2016 presented in the parliament on 29th february 2016.

There is no change in tax rates for the financial year 201819. 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. Download itr 1 in pdf format, download itr 1 in java format, download itr 1 instructions for ay 201617 or fy 201516 etc, itr 1 instructions etc. Examples used are for illustration purpose in order to simplify the process. The latest income tax slabs based on the union budget presented on 29 february 2016.

This income tax calculator is very much useful for government employees especially for bank employees for easy calculation of their salary income tax. Download cleartax app to file returns from your mobile phone. Income tax slab for ay 202021 pdf download central. Income tax rates for assessment year 20172018 previous year 201617 income tax. Comparison of income tax slabs for fy 201718 and fy 201617. 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. Income tax rates for financial year 201617 relevant to assessment year 201718 sr. For the assessment year 201617, a partnership firm including llp is taxable at 30%. It got the assent of the president of india on 14th may 2016. However, the surcharge shall be subject to marginal relief where income exceeds one crore rupees, the total amount payable as income. Income tax calculator for fy 201617 and ay 201718 is now available for download in excel format exclusively on.

Download pdf files for form 15g, form 15h, form 60, form 61. Income tax slabs 202021 new income tax slabs, brackets. Income tax slab rates for individuals financial year. Income tax slab for filing tax return on income in india. As there was no change in income tax slabs for fy 201617 i. Income tax slabs for partnership firms there is a flat tax rate for partnership firms and llps limited liability partnerships and they are to pay income tax. The finance minister has introduced many changes in the income tax slab rate for. Latest income tax slab rates for fy 201617 assessment year 20172018 in india. Itr 1 sahaj download for ay 201617 who can use itr 1. Incometax slab rates for individual for fy 201516 ay. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i.

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