Income tax slab for ay 2016-17 pdf merge

Comparison of income tax slabs for fy 201718 and fy 201617. 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. New tax regime slab rates are not differentiated based on age group. This article provide quick excel income tax calculator for fy 201516 ay 201617 for individual resident whose age is below than 60 years i. Latest income tax slabs and rates for fy 201516 and ay. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Given below are the various tables for the latest income tax slabs for the fy 20202021. However, under new tax regime person cannot claim up to 70 income tax. Tax rates as applicable for different persons for the a. Ay 201617, the following rates were also applicable for fy 201415 ay 201516.

Click here to save tax with hdfc lifes various online insurance products. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. However, the surcharge shall be subject to marginal relief where. Income tax slabs for ay 201718 for individuals gosavetax. 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. Income tax slab rates ay 201920, fy 201819, income tax. The income tax slab is remain unchanged in this financial year. 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. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Now i am giving you the tax slab and rates of the financial year 201617. Income tax slab rates for last 25 years in india 199293. Surcharge is levied on the amount of incometax at following rates if total income of an assessee exceeds specified limits. The income tax slab for individuals, females, senior citizen remains same in the fy 201617. Surcharge and education cess see note income tax slab rates 201718 pdf download.

On this page you will understand slab rates for income tax for fy 201617 or ay 201718. Income tax slab rates for fy 201617 ay 201718 admin income tax has been one of the oldest forms of tax, and it has been present from generations. Income tax slab rates for fy 201617 ay 201718 budget. 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. Income tax slab rates for individualhuf for fy 201415.

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 slab rates for fy 201617 ay 201718 beacon. Income tax slab rates for assesment year 201718, financial year 201617 as per the union budget presented before parliament on 29th february 2016. First time tax payers on home loans get an additional exemption of rs.

Net income range income tax rates surcharge education cess upto rs. Quick excel income tax calculator for fy 201516 ay 201617. Below are the income tax slab rates for fy 201617 or ay 2017 18. Accordingly, following are the income tax brackets relevant for assessment year 201718 i. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers. From fy 201718 ay 1819, the surcharge for individuals is applicable as follows. As there was no change in income tax slabs for fy 201516 i. Income tax slabs and rates for fy 202021 bankbazaar.

Today we are providing income tax slab rates for assessment year 201617. For more information check out how to calculate taxable income on salary. On other hand as you know august 5 is last date to file so if you did not file tax returns then go for e filing of taxes. So to plan your investment strategy and understand how much tax liability you will incur this year lets have a look at the tax structure for different categories. Income tax rates fy 201617 ay 201718 finmin orders january 24. A rebate of income tax is allowed under section 87a in respect of resident individual whose taxable income is up to rs. The income tax rate for nonindividual is provided in the union budget 2016, presented in parliament on 29th february 2016. 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. Income tax deduction 80tta ay 201718 tax deductions ay 201617. The basic exemption limit has been increased from rs 2 lakh to rs. 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. The government of india merged the person of indian pio card and. These tax rates are applicable on the income earned during 1 april 201631 march 2017.

Home income tax slabs and tax rate in india for fy 202021. Incometax slab rates for individual for fy 201516 ay 201617 incometax slab rate for individualshuf f. You should take account of this income tax slab rate. The above income tax rates are for general category men women who are below 60 years of age. Incometax slab rates for individual for fy 201516 ay 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. Tax slab ay 201617 individualhufboiaopajp india itr. Guide to itr4s sugam relief under section 891 for arrears of salary. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax. The act has, therefore, merged the first and second provisos given under section 215.

Get income tax slab rates for ay 201920 here for individuals, senior citizens, hufaopboi, partnership firms, local authority, corporate assessee, etc get news alerts from on. Every year the income tax rates are changed and it is important to get the latest income tax rates. Income tax deduction 80c ay 201617 income tax deduction 80gg ay 201617 income tax deduction 80tta ay 201617 pricing. 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. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Income tax slab rates 201718 pdf download ay 201819.

Here you also know about income tax slabs for ay 201718 and fy 201617. Amendment on direct tax as per finance act, 2015 icmai. It got the assent of the president of india on th may 2016. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Income tax slab for fy 202021 pdf download income tax rates. Income tax slab rates for fy 201617 ay 201718 basunivesh. All assessees are required to file income tax return each year if they have taxable income of more than rs. However from budget 2016, 10% tax levied if your dividend income is more than rs. Income tax benefits in fy 201617 n home loan interest. Rate of surcharge assessment year 202122 assessment year 202021. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi.

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. Discuss income tax benefits on home loan interest in fy 201617 in detail. You may also download full post along with other details in pdf from the link given at. Income tax slab rates for non individuals companies.