Tax return form excel,4,income tax return form itr2,1,income tax return last date,5,income tax rules,7,income tax slab,9,income tax slab in dtc,1,income tax slabs,6,income tax slabs after budget,3. It offers special privileges for women professional tax payers. It means even if the employees pf wages is above rs 6500, the employer is liable to contribute only on rs 6500, that is rs 780. Aug 07, 2010 tds rates chart for ay 2011 12, fy 201011 1. The government of maharashtra of also revised its professional tax slab rates for the financial year 201516. Revised service tax rate 14% applicable from june 1. 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. Income tax slab rates for year 2014, income tax rates for year 2012, income tax rates for 1011,1112,12,1415, income tax rates for individual, income tax rates for salaried persons, income tax rates for company. The provident fund pf contribution is 12% of pf wages from both employee and employer.
Please see details given below for amenmendts related to tds tax. Income tax slab rates for fy 201617 ay 201718 budget. Various tds rates on various incomes have been prescribed under the incometax act. Net income range income tax rates surcharge education cess upto rs. Download above tdstcs rates fy 201112 and notes in pdf format.
For resident woman who is below 65 years of age at any time during the previous year. Income tax brackets in india, income tax slabs, latest income tax slabs. The latest income tax slab details are available at latest income tax slabs here is the latest income tax slab rates for year 20112012. The new and revised income tax slabs and rates applicable for the financial year fy 2011 12 and assessment year ay 2012 are mentioned below. In the event of any change, we do not assume any responsibility to update. Mar, 2012 for fy 2011 12 income tax was assessed under the head salary income. Latest income tax slabs for fy 2011 2012 here are the latest slabs for the income tax for the income incurring in fy20112012. Tcs tax collection at source rates fy 201112read more details by.
Payment of accumulated balance of provident fund which is taxable in the hands of an employee. Even if pf is calculated at higher amount, for eps, we will take 15000 limit only. Apr 06, 2015 tdsman april 6, 2015 april 6, 2015 10 comments on tdstcs rates chart for f. January 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen savings scheme retirement december 22, 2019 income tax rates. For fy 201112 income tax was assessed under the head salary income. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Tds rates chart for fy 201718 ay 201819 tax deducted at source tds rate chartslab for financial year fy 201718 assessment year ay 201819 section nature of income when to deduct 192 salary monthly at the time of payment where estimated yearly net tax able salary exceeds tax free limit. For senior citizens and super senior citizens, it is rs. Tax rates as applicable for different persons for the a. Major changes of tds tax deducted at source on rental payment us 194 i, on contract payment us 194 c, payment to transports. Tds rates for financial year 201112 and assessment year 2012 is given in. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi.
For normal category the simple calculation is as follows. Subsequently retired from service in jan 2012slab rate 30%. The tax here, is applicable for the individuals below 60 years. After the honble president has given assent to the finance bill, 2015 on thursday, may 14, 2015, the ministry of finance, department of revenue vide notification no. Rates of tds back to tds page 2012 201112 201011 200910 2 200910 1 200809 tds rates for financial year 200809 form 26q. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under.
Tds rate chart financial year 201112 assessment year 12 sl. Finance act,2011 as per the finance act, 2011, incometax is required to be deducted under section 192 of the incometax act 1961 from income chargeable under the head salaries for the financial year 20112012 i. Ay 202122 fy 202021 income tax january 12, 2020 understanding bsda basic services demat account demat january 11, 2020 senior citizen savings scheme retirement december 22, 2019 income tax rates. Tds rates for nonsalaried payments made to residents and tcs rates for the specified receipts have been reduced by 25% of the existing rates. The rates have to be increased by surcharge and education cess at the rates prescribed.
Payment of accumulated balance of provident fund which is taxable in the hands of an employee with effect from 01. Income tax slabs income tax rates fy 201112 av 2012. Tds rate chart fy 201415 ay 201516 due date of tds payment etds return filing tds rate chart financial year 2014 15 nature of payment made to residents thresholdrs. Aug 28, 2011 download tds rates chart 2011 12 in pdf format note. Revisedreduced tds rates ay 202122 may 14, 2020 finotax. In the case of company other than domestic company. Apr 16, 2015 income tax slab rates for year 2014, income tax rates for year 2012, income tax rates for 1011,11 12, 12,1415, income tax rates for individual, income tax rates for salaried persons, income tax rates for company. Tds rates for financial year 201112 and assessment year 2012. Nov 18, 2011 income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 2011 12 and earlier years has been given chart form as under in respect of individual, hufhindu undivided family,boibody of individuals so download the charts for link given below or you can read the same online as shown below. View income tax slab and rates for all tax payers for ay 202021, ay 202122 and ay 201920. The new rates will only be applicable to payments other than salary, such as payment for contract, professional fees, rent, interest, dividend, commission, brokerage, etc. Oct 15, 2011 tds rate chart financial year 2011 12 assessment year 12 sl. It is an indirect way of collecting income tax at source by the government of india. India, new delhi views 8053 replies 7 validations 0.
Last 25 years income tax rates for individuals, huf, aops, bois ay 199293 to ay. This tax table based on the latest income tax slab is a ready reference for calculating your income tax for year 201112. The amount of income tax as computed in accordance with above rates, and after being reduced by the amount of tax rebate shall be increased by a surcharge at the rate of 5% of such income tax, provided that the total income exceeds rs. Income tds rates applicable for ay 201011 fy 200910. Tds management software easypay payroll management software 9. For the calculation, the maximum limit of basic is rs 6500. If you want to continue this discussion or have a follow up question, please post it on the network. Taxable income in 10% slab maximum tax will be rs 32000. Tds rates for payments of salary wages and other payments for ay 202122 in user friendly format. Income tax rates for fy financial year 201112 ay assessment year 2012,for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Income tax slab rates for fy 201819 ay 201920 studycafe. Immovable property other than agricultural land 194ia 1 1 assetexpert asset management software eformexpert it return efiling software instantxbrl xbrl software rs.
Section of act nature of payment in brief cut off amount rate % 30. Dec 14, 2011 tds rates for financial year 2011 12 and assessment year. The tds and tcs rates chart for the financial year 201516 has been given below. Latest and fully updated tds rates tds chart for a.
Nov 21, 2010 tax rates as applicable for different persons for the a. Important points to remember nro or non resident ordinary account can be opened as a savings,current,recurring or a fixed deposit account. Income tax rates after budget 2012 is available here income tax rate chart slabs for assessment year 201112 and earlier years has been given chart form as under in respect of individual, hufhindu undivided family,boibody of individuals so download the charts for link given below or you can read the same online as shown below. Maharashtra professional tax slab rate, latest news. Below are the income tax slab rates for fy 201617 or ay 2017 18. The tds rates to be applicable on income for the current year is updated in the tds rates chart for fy 202021. Income tax rates slabs for financial year 2011 12 assessment year 2012 exemptions, deduction capital gain, set off carry forward losses a small ready reckoned by. Tds rates for major nature of payments for the financial year 201011 particulars tds rates from 1. Aug 11, 2011 income tax rates slabs ay 2011 12 individual huf boi aop the rates for assessment year 2011 12 is given in the table below. The new rates will only be applicable to payments other than salary, such as payment for contract, professional fees. The present circular contains the rates of deduction of incometax from the.
Subsequently retired from service in jan 2012 slab rate 30%. Also where the aggregate of the amounts paidcredited or likely to be paidcredited to contactor or subcontractor exceeds rs. Download tds rates chart 201112 in pdf format note. As per slab rates prescribed for women, senior citizens and other individuals. The below table provides details of income slab with their applicable tax amount in percentage. Tds rates chart for fy 201718 ay 201819 tax deducted at source tds rate chart slab for financial year fy 201718 assessment year ay 201819 section nature of income when to deduct 192 salary monthly at the time of payment where estimated yearly net tax able salary exceeds tax free limit. Income tax rates for assessment year 201112 resident senior citizens above.
No tds on contract for manufacturing supply of product according to requirement of customer by using material purchased from a person other than such customer above rates are not applicable in case of payments made to foreign companies and nonresidents. Tds under section 80ddb this is applicable towards expenses incurred in the treatment of certain specified diseases. Assessment year 201920 these will be effective on income earned during 01. Download pdf version of tds rate chart ay 20112012.