Income tax slab fy 2013-14 pdf file

We have uploaded below income tax calculator for financial year 2014 or assessment year 201415 after making the changes effected by union budget 202014. 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. There are three categories in income tax slabs which is for individual, senior citizen and senior citizen. For financial year 2014, additional surcharge called the education cess on incometax and secondary and higher education cess on incometax shall continue to be. All deductions and rebates are allowable except certain. Union budget 2014 presented by p chidambaram today kept income tax rates unchanged in view of rising fiscal deficit. Income tax slabs income tax rates fy 2014 av 201415. Tax calculator will make your income tax calculation very easy. Here is the ready reckoner of tax slabs for the financial year 20. Incometax slab rates for individual for fy 201617 ay. Income tax rates for fy financial year 2014 ay assessment year 201415,for individuals,men, women, senior citizens, hufs and other categories surcharge and. Tds calculation sheet in excel and slabs for fy 2014. The previous income tax slab for year 201220 can be. Income tax slabs for financial year 2014 goodreturns.

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 slabs ay 201920 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. The good news is the income tax slabs has been altered by the finance minister pranab. Income tax calculator fy 20 14 xls download citehr. Income tax slabs for filing tax return for individuals and hufs. It is deductible from incometax before calculating education cess.

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. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. Even though there is no change in the income tax slab, there has been a tax credit of rs. The amount of income tax shall be increased by education cess on income tax at the rate of 2% percent of the income tax payable by both. Income tax rates slab for fy 2012 or ay 2014 ebizfiling. This is the income tax slabs for financial year 2012 and the analysis year 2014. Income tax slab for filing tax return on income in india. For senior citizens age 60 years or more but less than 80 years. Financial year fy duration of one year between 1st april to 31st march of the following year, in which all financial information are reported. There will be no surcharge on income tax payments by partnership firm and cooperative society while for domestic company surcharge will be 5% and anad 2% on foreign company for fy 2012 ay 2014. Hi kindlyclarify whether rebate u s 87a for fy 20 14 is applicable onthe amount of taxablesalary after all deductions including chapter vi a deduction or from total earnings. Download indian income tax calculator fy 2014 in excel.

You can file tax return us 94 called late return upto 31032016. Incometax slab rates for individual for fy 201516 ay 201617 steps to file your indian incometax return quickly with. Income tax is one thing which every salaried man on the street is interested in. Income tax rates for fy financial year 2012 ay assessment year 2014,for individuals,men, women, senior citizens, hufs and other categories surcharge and. The 2020 interim budget was presented on 1 february 2020 by the finance minister nirmala sitharaman.

Given below are the various tables for the latest income tax slabs for the fy 20202021. Indian income tax system follows income tax slabs for levying the tax on the income of an individual or. Know how to avail tax rebate in india under section 80c, 80ccc, 80ccd, section. Further tax slab for 20% has not extended from 8,00,000 to rs. As per the rules, you can claim the lta benefit only twice during the block of 4 years. Leave travel allowance lta is one of best tax saving tools available to employees. The table below shows the summary of tax slabs for fy 2014. The tax rebate is refunded on income tax when the liability is less than the tax paid by an individual. Proposed tax slab for financial year 14 assessment year 1415 for men below 60 years of age. Leave travel allowancelta help save income tax for salaried. As per section 87a, if a resident individuals taxable income is upto 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. Income tax slab for financial year 2014 ay 201415 finance minister p chidambaram presented the union budget on 28th february, 20. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person.

A rebate of rs 2000 will be available for income less than rs 5 lakhs. Fy 201011 income tax slabs ay 2012 fy 201112 income tax. Here is the ready reckoner of tax slabs for the financial year 2014 which will help you while filing your taxes. Tax slab for financial year 201516 assessment year 1617. Friends, the attached excel based income tax calculator of fy 2014 helpful to the salaried individuals to compute the income tax. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Please click on the links below to view the income tax also written shortly as i. Income tax rates for assessment year 20142015 previous year 2014 income tax rates. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for financial year 2014. As per 20 budgetfinance act, 20 section 87a of the income tax act, 1961 rebate of rs 2000. 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. In addition an rebate of rs 2000 will be available for income less than rs 5 lakhs. For that, it is necessary to learn the tax slab for the current financial year 2014 or assessment year 201415.

However, income tax slab 2014 branded silver jewellery is fully exempted from excise duty. Income tax 2014 changes in budget affecting salaried. Income tax rates for financial year 2012 and ay 2014. Following are the budget changes during 2014, which would impact the income tax computations under salary income. No change in income tax slab tax credit for income up to rs. Calculate indian income tax with our free income tax calculator in excel, according to latest assessment year fy.

The amount of rebate is 100 per cent of incometax or rs. New income tax slab 201920budget 2019 find latest income tax slab rates in india for individuals, nri, huf, boi, aop, llp, local authority, cooperative society and. Cash payment limit reduced to rs 0 from rs 20000 earlier. 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 rates 20142015 for filing individual tax returns. Tds calculation sheet for financial year 20 2014 and assessment year 2014 2015. Income tax slab for financial year 2012 assessment year 20 14 tax man women senior citizen rate in rupees in rupees in rupees 1 0 00 upto 2 00 000 upto 2 00 000 upto 2 50 000 2 10 00 2 00 001 to 5 00 000 2 00 001 to 5 00 000 2 50 001 to 5 00 000 3 20 00 5 00 001 to 10 00 000 5 00. Income tax 2014 changes made in income tax provisions in the union budget 2014 which would affect salaried class income tax structure and provisions relating to central. First fy 2014 fy 2014 means assessment year 201415. Rs 12,500 or 100% of income tax whichever is lower for individuals with income below rs 5 lakhs.