Income tax slab for fy 2017-18 pdf

Net tax payable including education cess is rs 5,150. For senior citizens the basis income tax exemption limit is rs 3 lakh and for super senior. From fy 201718 ay 1819, the surcharge for individuals is applicable as follows. 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. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax slab income tax rate income upto rs. May 20, 2020 in budget 2018, cess on income tax was increased to 4 per cent for fy 201819 onwards from 3 per cent for fy 2017 18 across the board for taxpayers.

Tds rates chart for fy 201718 ay 201819 194ib rent payable by an individual or huf not covered us. Income tax slab rates 201718 pdf download ay 201819. Individuals below 60 yrs income tax slab 201718 ay. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. 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.

Aug 14, 2019 latest income tax slab rates for fy 201617. Surcharge is levied on the amount of incometax at the following rates if total income of an. Income tax slabs for financial year 201718 fintrakk. Income tax slab rates for fy 201617 ay 201718 budget. From fy 201718, those with annual income between rs 50 lakh to rs 1 crore will be levied a surcharge of 10 per cent. Incometax slab rates for individual for fy 201617 ay. Income tax slabsrates for fy 201718 and useful income tax deductions income tax slabs for fy1718. This is a short 43 slide power point presentation in pdf which covers all the tax saving sections and investments applicable for salaried or business tax payers. Yes, for fy 201718, the cess applicable is 3% on the overall income tax plus surcharge. Income tax slab rates for individual for fy 2017 18 ay 201819 income tax slab rates for individual for fy 201617 ay 2017 18. There is a proposal to hike standard deduction by rs 10,000 to rs 50,000 from rs 40,000. Income tax slab 201718 income tax slabs rate chart for assessment year 201718 f. Income tax slabs income tax rates and deductions for fy 201718.

Apr 10, 2018 income tax slab rates for individualhuf for fy 201819 ay 201920 income tax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. Income tax slab rate for fy 201718 income tax slab for ay 201819. February 20, 2018 through this blog, we shall share the income tax slabs for financial year 201718 i. Where its total turnover or gross receipt during the previous year 201718 does not exceed rs. The revised income tax slabs and rates for financial year 201920 the interim budget for 2019 was recently announced on 1 february 2019. This income tax slab rate was 10% for the financial year 201617.

Incometax slab rates for individual for fy 201718 ay 2018. Income tax slab for fy 201920 pdf for female, senior. Apr 21, 2017 income tax slab rates 201718 pdf download a surcharge. Income tax slabs for financial year 201718 assessment year 1718. Dec 12, 2017 income tax slabsrates for fy 2017 18 and useful income tax deductions income tax slabs for fy17 18. In case of an individual resident or nonresident or huf or association of person or body of individual or any other artificial. What is income tax, income tax slab for fy 201718, efiling process as we work to earn our living to fulfill our needs and desires, the government has its own ways of earning money which is, in turn, utilized for creation or betterment of infrastructures for us to avail. Incometax slab rates for individual for fy 201617 ay 201718 mitra 1. Rate of surcharge applicable individual is as under.

Income tax rate chart income tax slabs as applicable for assessment year 201718 financial year 201617 for individual, huf, aop, boi, partnership firms, llp and companies. Income tax rates for financial year 2017 18 which is applicable to income earned between 0104 2017 to 31032018 will be applicable per following table. Individuals below 60 yrs income tax slab 201718 ay 201819. Income tax slab for individual tax payers aged less than 60. Rates for deduction of incometax at source from salaries, computation of advance tax and charging of incometax in special cases during the financial year 20162017. Apr 14, 2020 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 2017 18 fy 201617 income tax slabs ay 201819 fy 2017 18 income tax slabs ay 201920 fy 201819 income tax slab rates for ay 201011 fy 200910 resident male individuals aged less than 65 years. Surcharge and education cess see note income tax slab rates 201718 pdf download. Key factors based on which, income tax slabs are applicable include. Income tax slabs income tax rates income tax limit. Indian finance minister, shri arun jaitley has tabled today, the union general budget 201617 in the parliament. Individual income tax rates australian taxation office. Income tax slabs for fy 2017 18 your income from salary, business or other income like income from fixedrecurring deposits etc are taxed as per income tax slabs. We are releasing the ebook on tax planning which tells you how to save income tax for fy 201718 ay 201819.

Latest income tax slabsrates for fy 201718, ay 201819 and. More savings on home loans and more tax on the super rich. Income tax slab rate for fy 201718 ay 201819 pdf also. Jul 25, 2017 income tax slab 2017 18 calculation method explained. What is income tax, income tax slab for fy 2017 18, efiling process as we work to earn our living to fulfill our needs and desires, the government has its own ways of earning money which is, in turn, utilized for creation or betterment of infrastructures for us to avail. The total amount of professional tax paid during the year is allowed as deduction under the income tax act. Individuals below 60 yrs income tax slab 201617 ay 201718 income tax slab income tax rate income upto rs. Income tax slabs and tax rate in india for fy 202021. Individuals below 60 yrs income tax slab rate ay 201819 fy 201718 income tax. Through this blog, we shall share the income tax slabs for financial year 2017 18 i. Income tax slab fy 2017 18, ay 1819 calculation method. Paripatra2014 income tax paripatra income tax 202014.

Due to the hike in cess, the tax liability for the highest slab assuming an income of rs 15 lakh has increased by rs 2,625. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge. Assessment year 201819 as per union budget 2017 the income tax slab rate for financial year 201718 has been reduced to 5% for individuals having income between rs 2. Normal rates of tax applicable to all individuals who are less than 60 years of age sr no. Income tax slab 201718 ay 2018 19 budget 2017 irtsa.

This rebate will be available under section 87a of the income tax act. Based on the annual income earned by an individual, the following table. Income tax slab 201718 calculation method explained. Income tax slabs for fy 201718 your income from salary, business or other income like income from fixedrecurring deposits etc are taxed as per income tax slabs.

Surcharge is levied on the amount of incometax at following rates if total. I have given details of income tax slabs of fy 201718. If you are under the age of 18, and receive unearned income for example. The above rates include changes implementing changes announced in the 201819 federal budget. Hdfc life provides the latest income tax slab rates in india for different age groups and tax benefits offered by various life insurance policies, for the financial year 2017 18. Hdfc life provides the latest income tax slab rates in india for different age groups and tax benefits offered by various life insurance policies, for the financial year 201718. Fm has announced a new income tax regime following which individuals will have to pay lower taxes for fy 202021 onwards as compared the current tax laws. As per the income tax slabs for the financial year 20162017, i. New income tax slab rates for ay 201819 fy 201718 pdf. Income tax slab for individual tax payers aged less than 60 years fy 201819 ay 201920. Income tax slab rates for the financial year 201617 assessment year 201718 are given below in the table. Where its total turnover or gross receipt during the previous year 201718 does not exceed.

As per the income tax slabs for the financial year 2016 2017, i. Incometax slab rates for individualhuf for fy 201819 ay 201920. Incometax rates for financial year 201718 assessment year 201819 for individual persons 1. What is income tax, income tax slab for fy 201718, e. Latest income tax slab rates for fy 201819 hdfc life. As per union budget 2017 the income tax slab rate for financial year 2017 18 has been reduced to 5% for individuals having income between rs 2. Below are the income tax slab rates for fy 201617 or ay 2017 18. Income tax circular 2014 circular, income tax 2012 amendment of income tax ordinance section 19. Income tax slabs for financial year 2017 18 assessment year 17 18. The year in which income is earned is called the financial year and the year it is taxed is known as the assessment year. Income tax slab rate has changed for financial year 201718 or ay 201819 and in todays article we will discuss it step by step. Income tax rates for financial year 201718 which is applicable to income earned between 01042017 to 31032018 will be applicable per following table. Paripatra2014 income tax paripatra income tax202014. Incometax slab rates for individual for fy 201617 ay 201718.

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. We will update the new income tax slab rates for the assessment year 201819 and the financial year 201718 with the example in pdf format. However, income tax slabs and rates for the fy 201920 remain unchanged. Here are some key highlights of the union budget for the common man. A tax rebate under section 87a is allowed to individual taxpayers a maximum amount of. Jan 23, 2018 income tax slab rates for the financial year 201617 assessment year 2017 18 are given below in the table. What is the difference between the minimum exemption limit for senior. Find updated latest income tax slab rates in india for individuals, company, nri, huf, llps. However, the surcharge shall be subject to marginal relief where.

In budget 2018, cess on income tax was increased to 4 per cent for fy 201819 onwards from 3 per cent for fy 201718 across the board for taxpayers. The maximum amount of pt that may be levied by any state in a financial year is rs 2500. There are separate slabs for individual below the age of 60 and above. Normal tax rates applicable to a resident individual below the age of 60 years, nonresident individual, residentnonresident huf, aop, boi, artificial juridical person. Budget 2017 has made slight changes to the tax slab rates. Income tax rates, slabs and deductions for fy 201920 pdf for female, senior citizens, huf, company in india after budget 2019 presented by financial minister nirmala sitharaman. Income tax slab rates for fy 201718 ay 201819 studycafe. Net income range incometax rates health and education cess up to rs. Assessment year 201819 these will be effective on income earned during 01. Rs 12,500 for total income up to rs 5 lakh for fy 201920. Revised income tax slab rates for fy 20172018 pofinacleguide. Latest income tax slabsrates for fy 201718, ay 201819.