Tax rates for fy 2013 14 pdf free

Income tax slabs for financial year 2014 goodreturns. The following table presents the 20 individual income tax rates. Latest income tax slabs in india fy 201617 or as 201718 income range. Tax slab for financial year 201516 assessment year 1617. Full income tax slabs, education cess, surcharge and higher education cess for financial year 2012 are as follows. This is the tax amount they should enter on form 1040, line 44. Income tax slabs for fy 202014 here are the slabs for the income tax for the income incurring in fy 202014. 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. Return form applicable to download excel utility 1.

This calculates income tax only for people who have no lossesgains from house property or have a maximum of 1 house. In the case of a resident individual of sixty years or more but less than eighty years, the basic exemption limit is inr 250,000. For senior citizens age 60 years or more but less than 80 years for senior citizens age 80 years or more. Revised service tax rate 14% applicable from june 1. 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. Fill up the relevant details to know your tax liability for fy 2014 income tax slabs for fy 20 14 education cess of 3% surcharge of 10% on rs 1 crore plus income earners tax credit of rs 2,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female income tax slab tax up to rs. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. It rules, tax calculator, nsc interest calc, house rent receipt, computation sheet and concise calc. The basic exemption limit has been increased from rs 2 lakh to rs. Hdfc life provides the latestincome tax rates in india for different age groups and tax benefits offered by various life insurance policies, for financial year 2014. Fy 2014 was a record year for the state land boar d. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Effective january 1, 20, the state rate increased by 0.

The attached excel based income tax calculator of fy 2014 helpful to the salaried individuals to compute the income tax. Here is the ready reckoner of tax slabs for the financial year 2014 which will help you while filing your taxes. Proposed tax slab for financial year 14 assessment year 1415. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be levied at the rate of two per cent. Income tax slabs applicable for financial year 201516 assessment year 201617is. Tax rates and codes you can find our most popular tax rates and codes listed here, or refine your search options below. Tax slab for financial year 201415 assessment year 1516 for men below 60 years of. Income tax rates slab for fy 2014 or ay 201415 ebizfiling. Financial year fy duration of one year between 1st april to 31st march of the following year, in which all financial information are reported. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. Income tax rates for individuals,hufs,for woman,senior citizen,cooperative society,firm,income tax rates for fy 2014. Th is increase is primarily attributable to substantial. Calculating the income tax is complicated and time consuming process.

There are chances of errors in calculating income tax which leads to wrong filling hence penalty by income tax. Income tax rates for fy 2014 assessment year 201415. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Tax rates and codes rates australian taxation office. Tax tables the 20 financial year starts on 1 july 2012 and ends on 30 june 20. In fy 2014 what is the rate of service tax on ac restaura. 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. Fiscal year 20 tax expenditures treasury department. As we have done previously for previous financial years, here is the first version of the income tax calculator for fy 2014.

In fy 2014 what is the rate of service tax on ac restaura this query is. I have created a comprehensive list of all the provisions that you can utilize to. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. The minister of finance announced new tax rates for the 201220 tax year. These rates are subject to enactment of the finance bill 2012. Some rates and figures may not be confirmed until the 20 budget. Income tax calculator fy 20 14 xls download citehr. Open a zerodha trading account through us and get free training session worth rupees 5000. Income tax slabs income tax rates fy 2014 av 201415. This is the income tax slabs for financial year 2012 and the analysis year 2014. The file is basically compatible with excel 2003 version.

Make sure you click the apply filter or search button after entering your refinement options to find the specific tax rate and code you need. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s. Tax brackets are the divisions at which tax rates change in a progressive tax system essentially. Powered by create your own unique website with customizable templates. Colorado income tax issue brief colorado general assembly. If line 43 taxable income is and you are at least but less than single married filing jointly married filing sepa rately head of a house hold.

Please click on the links below to view the income tax also written shortly as i. 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. Tax rates in this part you can gain knowledge about the normal tax rates applicable to different taxpayers. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021. A surcharge of 10 % on rs 1 crore plus income earners have been imposed. This calculator is in excel format and can be downloaded. Latest income tax slabs and rates for fy 2012 and as. Income tax rates for financial year 2012 and ay 2014. Individual income tax rates table kpmg global kpmg international. Income tax calculator fy 20 14 financial year 20 14 is ending now and people are in rush to calculate their income tax on salary. You can see a simple comparison of the tax scales for 2012 to 20 here.

Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories. Higher rate for higher rate income tax payers 28 %. Tfn to the employer by the end of the financial year. The question that i am asked most often is that my income is rs. General services and urban services districts fy 20 ad. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 1415 for resident senior citizens. As it is announced by fm that no revision in income tax structure for the year 2014 assessment year 201415, the income tax structure for the year 2012 to continue which given as follows. Latest income tax slabs and rates for fy 2012 and as 2012. This is for one year only and would impact about 42,800 people only. The list focuses on the main indicative types of taxes.

The income tax rates are first categorized across age groups then crosscategorized across age group income to generate tax rate slabs. The ministry of finance increased the service tax rate in may 2015, and it was effective from june 2015. In the 199900 financial year the medicare levy was classified as an employee ssc. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5,00,000 10% 3 5,00,001 to 10,00,000 20% 4 above 10,00,000 30% new income tax slabs for ay 1415 for resident senior. Tax rates for 20142015 year residents the basic tax scale and marginal rates for the 201415 financial year have been in place for three financial years. Location, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 20, 2014, 2015, 2016, 2017, 2018, 2019, 2020, footnotes.

Income range tax percentage 1 up to rs 2,50,000 no tax exempt 2 2,50,001 to 5. Detailed article on the income tax slabs for fy 2014 and ay 201415. Some other taxes for instance property tax, substantial in many countries, such as the united states and payroll tax are not shown here. Women below 60 years of age this category is abolished from this year and is thus is same as that of general. Kindly clarify whether rebate us 87a for fy 2014 is applicable on the amount of taxable salary after all deductions including chapter via deduction or from total earnings including basic, da, hra, conveyance etc. Citys general fund local portion is 1% of the total rate throughout the period shown. There are chances of errors in calculating income tax which leads to wrong filling hence penalty by income tax i have created an excel utility automated one in all income tax calculator. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Income tax calculator fy 20 14 financial year 2014 is ending now and people are in rush to calculate their income tax on salary.

General services and urban services districts fy 20 ad valorem tax rates. Click here to save tax with hdfc lifes various online insurance products. Tax rates 201220 year residents the following adjusted tax brackets were originally announced by the prime minister as part of the clean energy family assistance package in announced in 2011 if you are looking for the official ato 202014 tax withholding tables go here. Latest income tax slabs rates for fy 2012 and as 2014. The focus of presentation is to give you a quick, simple yet exhaustive list of tax saving sections options and respective investments. Income tax rates for fy 2014 financial year 2014and ay assessment year201415 as per budget 20. Your tax is 0 5 0 0 0 0 5 15 1 1 1 1 15 25 2 2 2 2 25 50 4 4 4 4 50 75 6 6 6 6 75 100 9 9 9 9 100 125 11 11 11 11 125 150 14. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 2014. Keeping this in mind i have prepared a 43 slides presentation covering all sections under which you can save tax for this financial year fy 2014 ay 201415. After the honble president has given assent to the finance bill, 2015 on thursday, may 14, 2015, the ministry of finance, department of revenue vide notification no. The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here free income tax. For special tax rates applicable to special incomes like long term capital gains, winnings from lottery, etc.

Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories. For more detail on these rates, see tables confirming tax and tax credit rates and thresholds for 2014 57kb pdf. The middle class with income of up to rs 5 lakhs would receive tax credit of rs 2,000 for fy 2014. Aid formula summary section of the fy 2014 appropriations report. The rest of this article is dedicated to answering that question on tax planning. Professional tax 20 to 2014 docx download please login cite. This issue brief provides a brief history of colorado income tax rates, discusses the general process for determining colorados. A quick and simple deck covering all tax saving investments available for individuals in india for fy 2014 ay 201415. It covers all tax saving sections sec 80c, sec 80ccc, sec 80ccd, sec 80d, sec 80ddb, sec 80dd, sec 80u, sec 80g, sec 80gga, sec 24, sec 80ee, sec 80gg, sec 80ccg, sec 80tta, sec 87a. Applicable tax rates in fy 2012 ay 2014 for individuals april 22, 20 by alok patnia 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.

We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Individual income tax rates for prior years australian. These tables reflect announcements made in december 2012. Tax exemption of certain insurance companies owned by taxexempt organizations. The following income tax rates are applicable for the financial year ending march 31, 2016 i. The normal tax rates applicable to a resident individual will depend on the age of the individual. Service tax has been replaced by the goods and services tax gst starting 1 july 2017. The following paragraphs discuss the income tax rates for ageincome slab matrix.