New income tax slab for ay 15 16 pdf format

In todays budget there is no major changes when it comes to tax slabs for individuals. Incometax slab rates for individual for fy 201415 ay. You can complete filing your income tax return in just 15 minutes using the website or the mobile app. Therefore, your net taxable income will be rs 15, 40,000 rs 16 lakh.

Download income tax calculator fy 201415 ay 201516. In case of an individual resident or nonresident or huf or association of person or. Income tax calculator fy 201415 ay 201516 in excel format. 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. Further there is no change in basic tax rate of cooperative society, firms, local authorities and companies.

This downloadable income tax calculator, calculate tax on your income for for financial year 201415 assessment year ay 201516 automatically without any hassle. We provide you the latest income tax rates in india for everyone and tax benefits for the current. Form 16 in excel format for ay 202021 with automatic. Income tax slab rates from ay 199293 to ay 2015 16 download income tax calculator for a. Income tax slab rates from ay 199293 to ay 2015 16. Comparison of income tax slabs for fy 201718 and fy 201617. Budget 2020, new optional scheme for individual taxpayer to opt for lower tax rate and slab in india applicable from fy202021ay 202122. Also finance ministry retained the same surcharge and educational cess. Incometax slab rates for individual for fy 201516 ay 201617. Form 16 income tax calculator for fy 201415 ay 201516. Form 16 excel format for ay 202021 with auto calculations. Tax slab for financial year 201415 assessment year 1516.

Income tax slab rates for individual for fy 2014 15 ay 2015 16. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax. Form 16 and form 16a both are tds certificates, whereas form 16 is used to file returns on income from salary and form 16a is used to file returns on income other than salary, for example, interest from fixed deposits in banks, income from house rents etc. The eligibility salary limit for form 16 for an employee is 250000 rs i. In this post i restrict my subject towards new tax slabs. Income tax slabs income tax rates and deductions for fy 2017. The net market borrowings for 202021 are fixed at rs 5. Download income tax calculator for fy 201415 ay 201516. Therefore, if the taxable income of the individual is rs. Foreign investors pull out 16bn from india ola to layoff 1,400 staff as covid hits revenues eastwest. At the end of this video you will be familiar with the process of how to calculate income tax based on the changes made in budget 2018 for fy 201819, ay 201920. Here you can also find the old income tax calculator format in excel for ay 201920. 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. Incometax slab rates for individual for fy 201516 ay.

Income tax slab rates for individual for fy 2015 16 ay 201617 tax expert. I already pointed few changes in my earlier post about budget 201415highlights and effect on your finance. Budget 2020, new optional scheme for individual tax payer to opt for lower tax rate and slab in india applicable from fy202021 ay 202122. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Checkout the latest income tax slabs and rates in india. Given below are the income tax slabs that are applicable in the new tax. How to calculate income tax for fy 202021 the economic times. The finance act, 2020 has inserted a new section 115bad in incometax act to provide. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%.

Further you can also file tds returns, generate form16, use our tax. Download latest from 16 in excel format for ay 202021 with updated income tax rules. New tax slabs for fy 201415 ay 201516 basavaraj tonagatti. 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. Comparison of new income tax regime with old regime. How to calculate income tax fy 201819 examples slab. The basic exemption limit has been increased from rs 2 lakh to rs. So the difference between the old tax slab and new tax slab in this case is that in new regime, this person can save rs 78,000 rs 2. Budget 2020 has announced a new tax regime giving taxpayers an option. Income tax slabs for financial year 201718 assessment year 1718. If an employee has worked with two employers in a financial year then they need to submit two form 16 copies to their employer. Corporate tax rate reduced to 15 % for new mfg companies and to 22% for existing companies, the lowest in the world.