Income tax slab rate for ay 2012-13 in pdf

From 2012, women were also a part of the general slab. Income tax slabs and rate chart for ay 2014 fy 2012 for 2012 20, the basic exemption limit is rs. Permanent account number pan every assessee is required to obtain 10 alpha numeric. Income tax slabs income tax rates and deductions for fy. 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 applicable for individuals, hindu undivided family huf, association of persons aop and body of. Check the latest income tax slabs, tax rate for fy 202021. Income tax slab rates for last 25 years in india 199293 to. Taxes on directors fee, consultation fees and all other income. Other deduction from income under income tax fy 1112. Income tax ratesslabs for financial year 201112 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. New income tax slab for ay 12 new income tax slabs for ay 12 for resident senior citizens above 60 years fy 201112.

Apr 14, 2020 lets get the insights of the income tax slabs for fy 201819 ay 201920 income tax slab for resident individual aged less than 60 years059 years same slab rates shall apply for both male and female resident taxpayers. Jul 30, 2012 income tax return form for assessment year 2012 has been released by income tax department. An education cess of 3% is payable on the tax, yielding effective tax rate of 30. Income tax rates applicable for the financial year fy 2012 and assessment. 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.

Find out the income tax slab rate for ay 201718 here. Income tax rates for assessment year 199293 income slab rs. Basic rates for companies are same,however surcharge has been reduced to 5 % from 10%. Income tax slab from assessment year 20012002 to a. Itr1 sahaj,itr2,itr3, itr4 and itr4s sugam has been released. Government of india income tax slab rates for ay 201220. Dear sir, i had read he report income tax slabs history in india which gives various details from 1991. Mar 16, 2019 admin march 16, 2019 march 16, 2019 no comments on income tax slab rate for fy 2012 pdf income tax rates. Income tax slab rate for fy 2012 pdf income tax rates.

Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2011 to march 31, 2012. 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. Income tax rates for individuals,hufs,for woman,senior citizen,cooperative society,firm, income tax rates for fy 2012 and ay 2014 skip to content finance friend. New income tax slab for ay 12 new income tax slabs for ay. 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. Tax exemption limit raised to rs 2 lakhs and tax rates has changed for other slabs too. Applicable to individual male below the age of 60 years and huf. As per the budget 2019 announcement, no changes in the income tax slabs and rates have been proposed.

The amount of income tax shall be further increased by education cess of 3% on income tax. Indian income tax system follows income tax slabs for levying the tax on the income. The amount of rebate is 100 per cent of incometax or rs. Income tax ratesincome tax slab for assessment year 202021 previous year. Assessment year 2012 , relevant to financial year 201112. Concept of total income will be covered in latter post. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay. Jun 04, 2011 for local authorities, income is taxed at a flat rate of 30%. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. A rebate of rs 12,500 will be available for all taxpayers with taxable income up to rs 5 lakh. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012 assessment year 2014. Income tax bands are different if you live in scotland.

Dividend distribution tax rate are same in last four years. Income tax rates for financial year 2012 and ay 2014. Income tax income tax rates ay 2012 fy 2011 referencer. Detailed article on the income tax slabs for fy 201112 and ay 2012. Income tax slab for individuals, senior citizens, hufaop, etc. Oct 06, 2011 tax rates are for assessment year 2012 , assessment year 201112, assessment year 201011, ay 200910. Special rates long term capital gains a on equity shares and units. Income tax slabs income tax rates fy 201112 av 2012. There have been talks of change in income tax slabs. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Personal income tax slab changes recommended by the direct tax committee. 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. Which tax regime old or newwould be beneficial and result in lower tax payable for each individual is likely to depend on hisher income.

In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. 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. Latest income tax slabs and rates for fy 2012 and as 2014. For individuals below 60 years age, other than woman assessees. The following income tax slabs are applicable for the financial year 201819 i. 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 rates for fy financial year 2012 ay assessment year 2014, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. In the budget 20 announcement the tax slabs has been. Latest income tax slabs in india fy 201617 or as 201718. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012.

In india, income tax is charged based on an individuals income. Pranab mukherjee, the finance minister of india, announced the new personal income tax slab rates. 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 good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. 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 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. Another significant change in this budget was abolishing lower tax slab for women. Income tax department income tax return statistics assessment. Here we present to you all income tax slab rates india for past 25 years. Income tax rates slab for fy 201112 or ay 2012 ebizfiling. According to the committee, the current personal income tax slabs. This is to maintain parity between the tax rates of nonresident individuals and the top marginal tax rate.

Jan 20, 2020 the new tax slab rate was rxte but changes are not of much significant. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be. December 30, 2012 please click here for latest personal income tax rates. Income tax department income tax return statistics. Income tax rates for assessment year 2012 resident senior citizens above 80. Looking for the income tax slabs and rates for the financial year 2012 or assessment year 2014. Income tax slabs and rate chart for ay 2014 fy 2012. Income tax slabs and tax rates in india for fy 202021. Tax slab for financial year 201516 assessment year 1617. Another significant change in this budget was abolishing lower tax slab. There are lot of changes in tax rates and cess in the last 25 years. The following it rates were applicable for the financial year ending march 31, 20 financial year 2012assessment year 2014.

Now this year, it is expected that this upper limit may be changed to rs. This rebate will be available under section 87a of the income tax. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years. Watch out this space on 28th february for all the latest details about the tax slabs and their impact on your own budget. Income tax rates of llplimited partnership firm is listed out for assessment year 2012, 201112 and 201011. Income tax rates income tax slabs for assessment year 2012. Income tax slab rate for ay 201819 for individuals. Oct 12, 2012 there will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014. The rates of tax and level of total income are as under. Assessment year 201112, relevant to financial year 201011. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or.

The amount of income tax shall be increased by education cess on income tax at the rate of 2% 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. Please click on the links below to view the income tax also written shortly as i. The amount of income tax shall be increased by education cess on income tax at the rate of two percent of the income 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. 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. 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. It is deductible from incometax before calculating education cess. These tax rates are based on the range of income called income slabs. Last 25 years income tax rates linkedin slideshare. 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. Dec 16, 2019 income tax slab rate for fy 2012 pdf income tax rates.

Latest income tax slabs and rates for fy 2012 and as. Normal tax rates applicable to a resident individual of the age of 60 years or above at any time during the year but below the age of 80 years net income range income tax rates health and education cess up to rs. Income tax is one thing which every salaried man on the street is interested in. Income tax rates slabs for the financial year 20112012 a. In case of individual other than ii, iii and iv below and huf.

Now itr5 and itr6 has also been released in paper form. Income tax rate slabs for assessment year 20012002,20022003. The amount of incometax shall be further increased by education cess of 3 % on incometax. This is the income tax slabs for financial year 2012 and the analysis year 2014. With the union budget 2020 approaching, a report has been prepared by the central direct tax committee.

The latest income tax slab to calculate your tax for year 2012 20 based on budget 2012 budget. For most of the assessee itr5 is required to be filed through efiling. Income tax slab for filing tax return on income in india. For local authorities, income is taxed at a flat rate of 30%. Mar 16, 2012 the good news is the income tax slabs has been altered by the finance minister pranab mukarjee in budget 2012 today. Income tax ratesslabs for financial year 201112 assessment. A partnership firm including llp is taxable at 30 %. As per the report, changes have been suggested in the current direct tax system. There will be no surcharge on income tax payments by individual taxpayers during fy 2012 ay 2014 2. From ya 2017, the tax rates for nonresident individuals except certain reduced final withholding tax rates has been raised from 20% to 22%. There is no change in tax structure for woman and senior citizens. For individuals below 65 years age, other than woman assessees.

Income tax rates for assessment year 202014 previous year 2012. There will be no surcharge on income tax payments by individual taxpayers during fy 201112 ay 2012 education cess on income tax. The income tax slab fy 1920 is a set of predetermined rates based on which a taxpayers income is assessed. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen with the age of 80 years and more. Matminimum alternate tax rate has been increased in last four years. The new tax regime offers lower tax rates and new tax slabs and simultaneously removes tax exemptionsdeductions and will result in lower tax outgo for taxpayers, according to the finance minister.