India income tax slabs for assessment year 2014 financial year 201220 general tax payers. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and. 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 above 80 years fy 2014 s. Updated income tax slabs for individuals, huf, association of persons aop and body of individuals boi for fy 201011. Please click on the links below to view the income tax also written shortly as i. In the budget 20 announcement the tax slabs has been broadened for men and senior citizens by the indian finance ministry. 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. For individuals below 60 years age including woman assessees.
Senior citizens aged 60 years but less than 80 years at any time during the previous year income tax slab in rs. 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. Income tax slabs ay 201011 fy 200910 income tax slabs ay 201112 fy 201011 income tax slabs ay 2012 fy 201112 income tax slabs ay 2014 fy 2012 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. Paripatra2014 income tax paripatra income tax 20 2014. Income tax slabs for filing tax return for individuals and hufs.
The slab of income tax rates for fy 2012 ay 2014 is to some extent different from that of slab of fy 1112 ay. Government of india income tax slab rates for ay 202014. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415. Income tax slab for filing tax return on income in india. O 1sahaj o 2 o 3 o 45sugam o 4 o 5o 7o for assessment year, having the following particulars. Y 2014 new income tax slabs for ay 1415 for resident senior citizens above 60 years fy 2014 s.
Pranab mukherjee, 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 friday, march 16, 2012 in new delhi. The new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2012 to march 31, 20. Penalties and prosecutions under income tax act, 1961. Income tax rates for assessment year 20142015 previous year 2014 income tax rates. Section wise income tax deductions for ay 202122 fy 202021. The amount of incometax shall be increased by education cess on income tax at 2% of the incometax payable by both resident and nonresident assessees. Income tax slabs for assessment year 2014 financial. Income tax income tax rates ay 2014 fy 2012 referencer. Income tax circular 20 14 circular, income tax 2012 amendment of income tax ordinance section 19. For financial year 20 14, additional surcharge called the education cess on income tax and secondary and higher education cess on income tax shall continue to be levied at the rate of two per cent.
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