Slab rate for fy 2016-17 pdf

The tax slab for fy 201617 for cooperative societies, firms local authorities and llps will continue at the same rate as the previous financial year. In this post, let us discuss about income tax slab rates for fy 201617 ay 201718. These tax rates are applicable on the income earned during 1 april 201631 march 2017. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax. Now i am giving you the tax slab and rates of the financial year 201617. The monthly premium payable by the insured under the insurance scheme shall be such as is specified below or revised by government order from time to time. Income tax slabs income tax rates and deductions for fy 2017. Income tax slab rates for fy 201617 ay 201718 budget 201617. It is the duty of the deductor to deduct tds as given in income tax act following are the revised rate of tds applicable for financial year 2016 2017 assessment year 201718. Latest income tax slabs and rates for fy 201516 and ay. Professional tax assam is payable at the rate of rs. Hence from the above article we have come to a conclusion that income tax slab rates decreased a bit as compared to fy 201617.

Income tax slabs rate in india for financial year 20192020. Incometax slab rates for individual for fy 201617 ay 201718. For income tax purpose citizens above age of 60 are considered as senior citizens and above age. Ca sandeep kanoi, income tax rate chart, income tax rates, rate chart, tax rate changes, tax rates. Income tax slab rates for fy 201617 ay 201718 budget. Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt.

Professional tax slab rates in india for financial year. You can see income slab and income tax rate for fy 201617 ay 201718 applicable for the period from 01. Every year tax payers need to make a note of changes announced in the budget that reflect in the income tax efiling forms. This rate will continue to be the same as that specified for financial year 201516. Surcharge will be applicable at the same rate as before. Today we are providing income tax slab rates for assessment year 201617. Rate of incometax assessment year 202122 assessment year 202021 up to rs.

Income tax slabs for fy 201617 ay 201718 for firms in the case of firms, the rate of incometax has been specified in paragraph c of part iii of the first schedule to the bill. Certain income of nonresident, interalia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the incometax act or as per the rates prescribed under the dtaas, whichever is more beneficial to such nonresident. No change in income tax slab,same as financial year 201516. Income tax slab rates ay 201920, fy 201819, income tax.

Incometax slab rates for individual for fy 201617 ay. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Whenever, as a result of change in pay slabs, the premium already. The normal tax rates applicable to a resident individual will depend on the age of the individual. For the assessment year 201617, a partnership firm including llp is taxable at 30%. Further tax rebate is also rs 2500,which is dissatisfying.

Comparison of income tax slabs for fy 201718 and fy 201617. Tdstcs rates chart fy 201617 ay 201718 budget 201617. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. The surcharge will be applicable if the income exceeds rs. Ay is assessment year latest income tax slab rates for fy 201617. Individual resident in india below the age of 60 years and for huf, aop, boi and ajp. Income tax slab rate for persons having age above 80 years and above we have described in the following table. The amount of incometax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. In previous article, we have given frequently asked questions on income tax return filing and complete details on pan or permanent account number. Senior citizen individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year. Income tax rates for financial year 201617 tax rates individual.

However, the surcharge shall be subject to marginal relief where income exceeds one crore rupees, the total amount payable as income. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers. Normal rates of tax applicable to all individuals who are less than 60 years of age. Premium rates declared by the government vide letter no. Individuals below 60 yrs income tax slab 201617 ay 201718. Bihar professional tax slab rates for financial year 201617. Fill up the relevant details to know your tax liability for fy 201617 income tax slabs for fy 201617 ay 201718 education cess of 3% surcharge of 15% on rs 1 crore plus income earners tax credit of rs 5,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female income tax slab tax up to rs. Tds rules major amendments cbdt notification 302016 dated 29042016 click here. The proposals of the draft direct taxes code bill, 2010 have not been considered herein 2. Income tax slab 201718 income tax slabs rate chart for assessment year 201718 f. Latest tds rate chart, tdstcs rates chart for financial year 201617 assessment year 20171 is listed here. But the tax slabs have not been changed for the last few years. Income tax surcharge rate for fy 201617 and computation. Income tax slabs for financial year 201617 fintrakk.

Many filing details remain unchanged, whereas there may be changes in a few. You should take account of this income tax slab rate. The tax slab for fy 2016 17 for foreign companies will continue at the rate of 40%, same as the previous financial year. Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. Income tax slabs for fy 2016 17 budget 2015 has made no change in the income tax slab. Income tax slab 201718 ay 201819 budget 2017 from fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. The rates are applicable for the financial year 201617. Cooperative societies, firms local authorities and llps. Income tax slabs for fy 201718 ay 201819 tax reduced from 10% to 5% for income from rs 2,50,000 rs 5,00,000. As there was no change in income tax slabs for fy 201516 i. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i. Interest rate of service tax for fy 201617 resolved. Incometax slab rates for individualhuf for fy 201819 ay 201920 incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for individual for fy 201617 ay 201718.

Income tax slabs for fy 201617 ay 201718 general public income tax slab education cess of 3% surcharge of 15% on rs 1 crore plus income earners tax credit of rs 5,000 for income up to rs 5 lakhs us 87a there are no separate slab for male and female tax up to rs. Rs 2,500 or 100% rebate in income tax whichever is lower for individuals with income below rs 3. Income tax slab rates for fy 201617 ay 201718 basunivesh. However it has increased the surcharge from 12% to 15% applicable for income above rs 1 crore. Ay 201617, the following rates were also applicable for fy 201415 ay 201516 latest income tax slabs in india fy 201617 or as 201718. Incometax slab rates for individual for fy 201516 ay. The updated chart of tax deduction at source for fy 201617 or ay 201718 is as under. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201617, to know more about income tax slab. Service tax rate chart for fy 201617 and ay 20172018 upto 1st june 2016. Applicable income tax rates investments in mutual fund schemes. Tax benefits under the policy are subject to conditions under section 80c, 80d, 1010d and other.

In the event of any change, we do not assume any responsibility to update the tax rates consequent to such changes. Income tax slab rate for the fy 201415 and assessment year 201516, rate chart of income tax after budget 2014. 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. Latest income tax slab rates for fy 201617 assessment year 20172018 in india.