Given below are the income tax slabs that are applicable in the new tax. Income tax calculator for fy 201920 ay 202021 excel. Income tax slab rates for fy 201617 ay 201718 budget. Updating soon after budget 201718 on 1st february,2017 under text format and pdf. Income tax slab rates 201819 pdf download ay 201920. Income tax slabs income tax rates and deductions for fy 2017. 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. Here you can also find the old income tax calculator format in excel for ay 201920. Net income range incometax rates health and education cess up to rs.
The income tax calculator further provides you with investment options that suit your financial portfolio, their benefits, and their income tax saving ability. 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. Here is the latest form 16 in excel format for ay 202021income tax calculator for salaried employees ay 2020 21 with automatic calculations made according to the latest amendments in income tax rules. Net income range income tax rates health and education cess up to rs. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Budget 201718 on 1st february,2017 under text format and pdf format. Comparison between existing and new slab rates of income tax calculator excel format fy 202021 ay 202122 income tax automatic calculator for salaried employees for fy 201920 in excel format. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617.
Assessment year 201516 income tax slab rates for 1. The latest income tax slabs for ay 201920, ay 202021 and ay. Download income tax calculator for financial year fy 201718 or assessment year ay 201819 in free excel format. Form 16 in excel format for ay 202021 with automatic. Income tax slab for fy 202021 ay 202122 in india tax2win. Indian union budget 20162017, changes in import customs tax tariff. X is 42 years old and her basic income tax exemption limit for financial year 201415 is rs. The central board of customs and excise reported that in financial year 201516, indirect taxes. Comparison of income tax slabs for fy 201718 and fy 201617. Download income tax calculator ay 201819 free in excel format. For individuals other than female taxpayers, senior taxpayers of 65 years and above, retarded taxpayers and gazetted warwounded freedom fighter, income tax. The excel based income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit and bank interest, house rent and capital gains short and long term gains.
Here are the latest income tax slab rates as per the union budget 2020 for different. Income tax rates for financial year 2012 and ay 2014. Incometax slab rates for individual for fy 201516 ay 201617. As there was no change in income tax slabs for fy 201516 i. Union budget 2014 has amended the basic income tax slabs for financial year 2014 15, however there is no change in the income tax rates, surcharge and cess. 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. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slabs and rates for fy 202021 bankbazaar. For income tax purpose citizens above age of 60 are considered as senior citizens and above age. No income tax for those earning less than rs 5 lakh. Income tax slab rates for last 25 years in india 199293. Simple income tax calculator cum flexi allocation kit, for the use of salaried employees of govt and private sector, basis the latest budget proposals.
Therefore, your net taxable income will be rs 15, 40,000 rs 16 lakh. Incometax slab rates for individual for fy 201617 ay 201718. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Latest income tax slabs and rates for fy 201516 and ay. Download income tax calculator for fy 201516 ay 201617 income tax slab for fy 201415 ay 201516 the income tax slab has changed for general public and senior citizens. Income tax slab rates for individualhuf for fy 201415. Surcharge and education cess see note income tax slab rates 201819 pdf download. For individuals other than female taxpayers, senior taxpayers of 65 years and above, retarded taxpayers and gazetted warwounded freedom fighter, income tax is payable for the on first upto tk. The basic exemption limit has been increased from rs 2 lakh to rs. Click here to save tax with hdfc lifes various online insurance products. Estimated income for which this declaration is made 16. New tax regime slab rates are not differentiated based on age group.
Income tax calculator for india, download excel based tool. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Download income tax calculator for fy 201415 ay 201516. Simple income tax calculator fy 201516 xls download archive income tax calculation sheet fy. Income tax calculator how to calculate income tax for fy. For the union budget of 201617 the finance minister has received more that 2,800 suggestions from the. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty. 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 calculator for calculating tax for 201819. Download form 16 in excel format for ay 202021 in budget 2020 the central government introduced new income tax slab rates, but the salary holders can choose either an old income tax slab system or a new slab system as per their choice. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts.
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. Form 16 excel format for ay 202021 with auto calculations. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. However, under new tax regime person cannot claim up to 70 income tax.
Income tax calculator for financial year 2015 16 assessment year 201617 in excel format. Steps to file your indian income tax return quickly with. Every year the income tax rates are changed and it is important to get the latest income tax rates. Tax credit rs 2000 only for those in 10% tax slab rs. The tax slab rates for individual below 60 years and for nri aop boi hufajp. There is no separate income tax slab for a woman tax payer. Various examples of calculation of income tax learn. All types of free download tax invoice format in excel, word, pfd and other bill format like. The income tax calculator in excel is very useful in calculating the income tax. Attached is the income tax calculator with flexi allocation kit for the fy 20152016. Income tax slab rates for individualhuf for fy 2014 15. Income tax slab for cooperative societies for the year 201415.
Income tax slab rates for individual for fy 2015 16 ay 201617 steps to file your indian income tax return quickly with revise correct your income tax return. Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. Income tax rates for financial year 201819 201920 assessment year. Income tax slabs for financial year 201718 assessment year 1718. Rates of incometax for fy 201415 ay 201516 as per the finance no. Ay 201617, the following rates were also applicable for fy 201415 ay 201516. Given below are the various tables for the latest income tax slabs for the fy 20202021.
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