There are many queries related to itr 1 like itr 1 acknowledgement. However, under new tax regime person cannot claim up to 70 income tax. File tds return on time to avoid penalty late payment fees. Download income tax calculator for ay 201617, hi friends download latest income tax calculator for ay 201617. Income tax slabs income tax rates and deductions for fy 2017. The income tax rates in india are different for different categories and status of tax payers. See below income tax slab rates for individual resident aged below 60 years, senior citizen, super senior citizen, any nri huf aop boi ajp, cooperative society, firm, local authority, domestic company and other company for assessment year ay 2016 17.
However, under old tax regime the basic income threshold exempt from tax for senior citizen aged 60 to 80 years and super senior citizens aged above 80 years is. Download rebate us 87a for ay 201617 file in pdf format. Tax is charged at different rates on the range of income falling under different income tax slabs. We have not gone through income tax forms in detailed but itr1 and itr2 are more or. So, refer the above table for the local authorities surcharges. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Income tax slab rates for fy 201617 ay 201718 budget. Income tax is collected on a yearly basis as a percentage of an individuals earnings in a fiscal year april to march. Additional surcharge on income tax secondary and higher education cess on incometax. 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. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 2016 17 ay 201718. This income tax calculator is prepared by rohit goyal.
This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax on arrears. Income tax slabs for fy 201617 ay 201718 for local authorities. Jan 23, 2018 income tax slab rates for the financial year 2016 17 assessment year 201718 are given below in the table. For income tax purpose citizens above age of 60 are considered as senior citizens and above age. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021.
You can complete filing your income tax return in just 15 minutes using the website or the. Incometax slab rates for individual for fy 201617 ay 201718. Comparison of income tax slabs for fy 201718 and fy 201617. Hdfc life provides the latest income tax slab rates and deductions in. Instructions for sahaj income tax return ay 201617. Incometax slab rates for individual for fy 201617 ay 2017. Now you can scroll down below n download income tax calculator for ay 201617 in excel format. Government of india income tax slab rates for ay 20152016. 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.
For fy 201415, the following year is 201516 ay, for which you will file it return for income generated during fy 201415. Hdfc life provides the latest income tax slab rates in india for different age groups and tax benefits offered by various life insurance policies, for the financial year 201718. Income tax department has issued the income tax return for fy 201617 i. Click here to save tax with hdfc lifes various online insurance products. Income tax slabs for individual below the age of 60 years, huf, aop, boi, artificial juridical person.
New tax regime slab rates are not differentiated based on age group. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. We have not gone through income tax forms in detailed but itr1 and itr2 are. 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. Income tax slab rates for the financial year 201617 assessment year 201718 are given below in the table. Most filers would be filing tax return for the financial year 201617 therefore the tax rates and corresponding income slabs for this fy would be applicable. The year just after particular fy year is called assessment year ay for that particular fy. Compute your tax liability by applying the tax rates in force for the financial year for which you are calculating the tax as per the income slabs your income falls in. The amount of incometax shall be increased by education cess on income tax at the rate of two percent of the incometax.
In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Apr 14, 2020 income tax slabs ay 201415 fy 2014 income tax slabs ay 201516 fy 201415 income tax slabs ay 2016 17 fy 201516 income tax slabs ay 201718 fy 2016 17 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. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012. Instructions for sahaj income tax return ay 201617 general. 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. Income tax deduction 80c ay 201617 income tax deduction 80gg ay 201617 income tax deduction 80tta ay 201617 pricing. Incometax slab rates for individual for fy 201516 ay. Here is a primer on income tax slab rates for ay 2016 17.
But the surcharges are varied depending on the income. Below are the income tax slab rates for fy 201617 or ay 2017 18. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax. Mar 03, 2018 itr 4s sugam, applicability, download for 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. 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. Apr 10, 2018 incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with revise correct your incometax return. Jun 19, 2017 compute your tax liability by applying the tax rates in force for the financial year for which you are calculating the tax as per the income slabs your income falls in. The income tax act 1961 is the law that governs the provisions for our income tax. But the tax slabs have not been changed for the last few years. Itr 4s sugam, applicability, download for ay 201617. Itr forms for ay 201617 paper filing format has been notified by the income tax department. Apr 26, 2016 income tax calculator for financial year 201516 assessment year 2016 17 in excel format attached is the income tax calculator with flexi allocation kit for the fy 2015 2016. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2014 to march 31, 2015.
Surcharge and education cess see note income tax slab rates 201718 pdf download. Following are the income tax slab rates and deductions for different categories of. However it has increased the surcharge from 12% to 15% applicable for income above rs 1 crore. 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. Income tax deduction 80tta ay 201718 tax deductions ay 201617.
Feb 22, 2017 as the slab rates are not fixed we have provided the income tax calculator for each assessment financial year separately. The maximum rate of income tax is capped at 30% in india, though surcharge and educational cess are also applicable if you earn over rs. In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the income tax rules, 1962. In india, income tax is levied on individual taxpayers on the basis of a slab system. India itr easy way to file income tax return in india. Assessment year for which this return form is applicable. Income tax calculator for financial year 201516 assessment year 201617 in excel format attached is the income tax calculator with flexi allocation kit for the fy 20152016. Jan 06, 2018 itr 1 sahaj download for ay 201617 who can use itr 1. Various deductions that are allowed to a taxpayer under section 80c, section 80d etc.
Income tax slab rates for individual for fy 201617 ay 201718. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Log on to efiling portal at if you are not registered with the efiling portal, use the register. The above income tax rates are for general category men women who are below 60 years of age. 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 income tax rates for individuals, hufs, aop, boi and cooperatives are progressive in nature, where a lower tax rate is imposed on lowincome earners compared to those with. Find everything you want to know about itr 4s sugam. See below income tax slab rates for individual resident aged below 60 years, senior citizen, super senior citizen, any nri huf aop boi ajp, cooperative society, firm, local authority, domestic company and other company for assessment year ay 201617. Income tax slab rates for ay 2016 17 video youtube. Income tax slab rates for individual for fy 201718 ay 201819 income tax slab rates for individual for fy 201617 ay 201718.
Income tax slab rates for ay 201617 local authorities local authorities are taxable at a rate of 30%. Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with revise correct your incometax return. Today we are providing income tax slab rates for assessment year 2016 17. Most filers would be filing tax return for the financial year 2016 17 therefore the tax rates and corresponding income slabs for this fy would be applicable. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Net income range incometax rates health and education cess up to rs. Oct 14, 2019 the new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2014 to march 31, 2015. However, the surcharge shall be subject to marginal relief where. Incometax slab rates for individual for fy 201516 ay 201617. As speculated, the income tax department has notified the itr forms for assessment year 201617 much earlier, though the schema for electronic filing is yet to be made available hope to get it soon as well. The rate of incometax in the case of every local authority is specified in paragraph d of part iii of the first schedule to the bill.
For financial year 201617 department has merged the different itr and numbering of itr has been changed and after read more. The income tax slab is remain unchanged in this financial year. Income tax slab rates for individual for fy 201415 ay 201516. 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. This return form can be be used by individualhuf whose total income for the assessment year 201617 includes. 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. This calculator is exclusively designed for bank employees based on the 10th bipartite settlement with additional calculation of income tax on arr. Income tax slabs for fy 2016 17 budget 2015 has made no change in the income tax slab. This rate will continue to be the same as that specified for the financial year 201516. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Below are the income tax slab rates for fy 2016 17 or ay 2017 18.
In case of any doubt, please refer to relevant provisions of the incometax act, 1961 and the incometax rules, 1962. Individuals with taxable income below rs 5,00,000 are allowed to claim a tax rebate of rs 5,000 on tax payable from fy 201617. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge. Incometax slab rates for individual for fy 201617 ay. Simple income tax calculator cum flexi allocation kit, for the use of salaried employees of govt and private sector, basis the latest budget proposals. However from budget 2016, 10% tax levied if your dividend income is more than rs. Income tax slab rates for fy 201617 ay 201718 basunivesh. Aug 14, 2019 indian finance minister, shri arun jaitley has tabled today, the union general budget 2016 17 in the parliament. Quick excel income tax calculator for fy 201516 ay 201617. The surcharge will be applicable if the income exceeds rs.
Last year income tax department has released the final income tax return form in last week of june,due to which income tax return due date has extended and lately due date in audit cases was also extended after the court interference. Apr 16, 2016 the year just after particular fy year is called assessment year ay for that particular fy. Normal tax rates applicable to a resident individual below the age of 60 years, nonresident individual, residentnonresident huf, aop, boi, artificial juridical person. Arun jaitley, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on thursday, july 10, 2014 in new delhi.
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. Today we are providing income tax slab rates for assessment year 201617. Income tax rates for financial year 201617 tax rates individual. Cbdt has released new income tax return form for assessment year 201617. Itr 1 sahaj download for ay 201617 who can use itr 1. Income tax slab rates 201718 pdf download ay 201819.
How to file itr for fy 201617 and all the links you need. Apr 01, 2016 cbdt has released new income tax return form for assessment year 2016 17. 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. 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.
Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718. This article provide quick excel income tax calculator for fy 201516 ay 201617 for individual resident whose age is below than 60 years i. Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. Income tax slab rates for individual for fy 201516 ay 201617 tax expert. 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. 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, cooperative society. Instructions for sahaj income tax return ay 2016 17 general instructions these instructions are guidelines for filling the particulars in this return form. How to file income tax return online for salaried employees for ay 201718 or itr 1 for ay 201718 fy 201617 new itr forms are available from 1st april 2017 for a. Income tax slab and rate impact for fy 201516 or ay 201617. Here is a primer on income tax slab rates for ay 201617.
Ay is assessment year latest income tax rates for fy 201516. Income tax slabs for financial year 201718 assessment year 17 18. Income tax slabs for individuals are divided into 3 slabs. 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. The income tax rates are usually revised every year during the budget. However, tax rate is 29% if turnover or gross receipt of the company does not exceed rs. Tax slab ay 201617 individualhufboiaopajp india itr. Income tax slab rates for ay 201617 local authorities.