8 Mar RATES OF INCOME-TAX FOR F.Y. (A.Y. ) As per the Finance Act, , Rates of Income Tax Applicable for the financial year. 15 Jun Please click on the links below to view the Income Tax Slabs and Rates for the Assessment Year (applicable on income earned during. 18 Aug But the tax slabs have not been changed for the last few years. Here is a primer on income tax slab rates for AY (FY ).

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Here is a primer on income tax slab rates for AY FY Public receiving such phone s,abs are requested to lodge a police complaint.

The main points that have helped the salaried class has been, the rationalisation of TDS, income tax slabs for ay 2015-16 of the Assessing officers being reduced, presumptive tax limit increased from Rs. As such, it becomes important to report your income for the coming fiscal to the respective tax authorities.

Tax paid by non-corporate assessees is called as Income-tax, and for payment of the same in the challan it is to be mentioned as Income-tax other than Companies Let us call you. An online unit linked plan with life insurance cover. Income tax is a major source of revenue for governments around income tax slabs for ay 2015-16 world, and the Indian government is no exception.

Income tax is collected on a yearly basis as a percentage of an entity income in a lsabs year April to March.

income tax slab for a.y.

On the Challan, what does income tax on companies and income tax other than companies mean? For individual taxpayers the due date is 31st July of the assessment year.

Previous Article Next Article. The Income-tax Law classifies the year as i Previous year, and ii Assessment year.

Income Tax Slabs and Rates for FY and AY

For instance, the salary income tax slabs for ay 2015-16 receive from your employer will be released every month only after deducting the applicable TDS on the amount. Inncome wants to know his tax dues for FY AY Enter your number below. The year under the Income-tax Law sabs the period starting from 1st April and ending on 31st March of next calendar year.

Deductions under section 80 have also been reduced. There are three categories of individual taxpayers: To learn more about the income tax slabs AYclick here. Income Tax Rates are levied according to the divisions given above.

In Budgetthe government announced additional deduction income tax slabs for ay 2015-16 Rs 50, for first time home buyers on loan up to Rs 35 lakh provided the property value is less than Rs 50 lakh. Individuals below the age of 60 years which includes residents as well as non-residents 2.

How to file GST Returns? Please contact your tax consultant for an exact calculation of your tax liabilities. Income taxes, by definition, are collected on income from various sources that an individual may earn during a fiscal year.

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Income tax slabs for A.Y. 2015- 16

Taxpayers are broadly categorized into:. Most of these life insurance policies are available online, so buy one today and Sar Utha Ke Jiyo! As tea is a high labour-intensive crop, it absorbs between 60 income tax slabs for ay 2015-16 cent to 70 per cent of its total cost.

Resident Super senior citizens above 80 years of age. SSL Certified Site bit encryption. All households were entitled to 12 cylinders of Our vision is to provide income tax slabs for ay 2015-16 and customer-centric insurance plans that can help our customers secure their family’s future as well as help them with other benefits such as tax savings. Check now in less than 3 min!

In addition cess and surcharge is levied as follows: The government announced that taxpayers with an annual income tax slab of more than Rs. Such tax slabs tend to undergo a change 201-516 every budget. Get lumpsum benefits on diagnosis of cancer Know More. This category of tax payers arent levied taxes on the basis of income brackets but rather as a collective percentage of overall earnings.

You have to ensure that your tax filings are in order so that you can spot excess deductions, if any. Plans start from Rs. The joint forum also said that tea should be grouped in the same category as flour, pulses and salt, when it comes to taxation rates, since they all represent high consumption products.