Vat slab rates for ay 2015 16 pdf

Ay is assessment year latest income tax rates for fy 2015 16. The tax authoritys approach to tax audits can be either the more traditional manual style, or may include the use of. Income tax slab rates from ay 199293 to ay 2015 16. Surcharge and education cess see note income tax slab rates 201718 pdf download. What is the rate of service tax for 201516 and 201617 last updated at nov. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Largescale evasion of value added tax vat in 2015 16 has been detected by the investigation division of the state commercial tax department. For senior citizen age of 60 years or more but less than 80 years. The effect of inflation and interest rates on forwardlooking. The normal tax rates applicable to a resident individual will depend on the age of the individual.

It is proposed to delink the diesel refund from the vat system. Effective tax levels using the devereuxgriffith methodology. Taxable income in 10% slab maximum tax will be rs 32000. Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year.

The below table gives you clear idea about income tax slabs rates for all tax payer categories. The standard vat rate is 20% vat rates for goods and services. Assessment year 201819 these will be effective on income earned during 01. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups and tax benefits offered by its online insurance products, for the financial year 2014. All assessees are required to file income tax return each year if they have taxable income of more than rs. Tax is borne by the shareholder at a rate of 15% subject to any reduction in. Chapter vi a deductions and tax slab rates for fy 20152016. Ca sandeep kanoi income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for. Income tax slab rates ay 201920, fy 201819, income tax. A site for easy to use online tax and other calculators, forms compiled in excel and fillable pdf formats with without autocalculation formulas and information. The new and revised income tax slabs and rates applicable for the financial year fy 201112 and assessment year ay 2012 are mentioned below. Government of india income tax slab rates for ay 202014. No extension of date for filing of returns due by 30th september 2015 incometax returns for assessment year 2015 16 for certain categories of assessees viz companies, and firms, individuals engaged in proprietary businessprofession etc whose accounts are required to be audited, are to be filed by 30th september, 2015.

General vat rates apply to goods which cannot be segregated and put under any of the above listed vat categories. For the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows. Here we provide all past years tds rate chart like tds rates for f. Taxation trends in the european union european commission. From assessment year 201516, the concessional rate of tax of 15% in the case of. Jan 12, 2016 rebate section 87a for ay 201617 is over and above the below slabs surcharge 12% if the total income exceeds rs. Service tax rate chart for fy 201617 with service tax. Income tax rates for fy financial year 201415 ay assessment year 2015 16 final, for individuals,men, women, senior citizens, hufs and other categories surcharge and education cess. Policy paper tax and tax credit rates and thresholds for 2015 16.

Vat rates value added tax rates, vishal vijay gupta and co. Download it slabs from fy 200809 to fy 201516 file in pdf. Income tax slab rates 201718 pdf download ay 201819. Normal rates of tax applicable to all individuals who are less than 60 years of age. Given below are the various tables for the latest income tax slabs for the fy 20202021. In case of individual other than ii, iii and iv below and huf. I have not added section 194da in the table below since it is not yet passed.

Here is a primer on income tax slab rates for ay 201617 fy 2015 16. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. No extension of due date for filing of return ay 201516. But the tax slabs have not been changed for the last few years. Income tax slab rates for financial year 201516 assessment. Vat rates, value added tax rates by vishal vijay gupta. However, in case of a nonresident individual the tax rates will be same irrespective of his age. Pranab mukherjee, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on friday, march 16, 2012 in new delhi. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. The above income tax rates are for general category men women who are below 60 years of age. Some goods and services, eg childrens car seats and home energy. Income tax rates income tax slabs for ay 2012 individuals and hufs. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets.

The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here free income tax calculator for calculating tax for 201819. Tds rate chart for fy 201920 ay 202021, tcs rates for fy. Jul 14, 2016 it slabs from fy 200809 to fy 2015 16. For new service tax chart new service tax chart 14. Income tax slab rates for last 25 years in india 199293 to. Jul 11, 2014 income tax rate chart income tax slabs as applicable for assessment year 2015 16 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. European commission, manual on the changes between esa 95 and esa 2010, publications office of the. Income tax slab rates for financial year 2014 assessment year201415 resident super senior citizen who is 80 years or more at any time during the previous year. What is the rate of service tax for 201516 and 201617. Income tax slabs income tax rates fy 201415 av 201516. New income tax slab for fy 201516 ay 201617 for resident senior citizens 60 years 2015 dated. Y 201516 and ay 201617, tds chart for ay 201819, download tds rate chart for ay 202021 etc.

Articles explains rates of incometax in respect of income liable to tax, minimum alternative tax rate, securities transaction tax stt. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Changes made in the west bengal sales tax act, 1994 and the west bengal value added tax act, 2003, and the relevant rules. Latest income tax slabs and rates for fy 201516 and ay 201617. In the 199900 financial year the medicare levy was classified as an employee ssc. As there was no change in income tax slabs for fy 2015 16 i. Here we are providing latest tds rates for ay 202021.

Here is a primer on income tax slab rates for ay 201617. Feb 18, 2020 tds rate chart for fy 201920 ay 202021. Scroll down below and check all latest tds rate chart issued by income tax. Aug 04, 2014 tds rate chart fy 201415 ay 2015 16 tds due dates 18 0 raj kumari monday, august 4, 2014 edit this post deduction of tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of interest on late deposit and dis allowance of expenses. There are lot of changes in tax rates and cess in the last 25 years. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16. Policy paper tax and tax credit rates and thresholds for 201516.

Oct 14, 2019 the new income tax rates or income tax slabs are applicable for the incomes earned or generated from april 01, 2012 to march 31, 20. Every year the income tax rates are changed and it is important to get the latest income tax rates. Jun 11, 2016 tax slab rates for fy 2015 16 ay 201617 for individuals. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories. Tax and tax credit rates and thresholds for 201516.

Income tax slab rates for fy 201718 ay 201819 studycafe. Incometax slab rates for individual for fy 201516 ay. Jan 09, 2017 have a look at the past 25 years income tax slab rates for individuals in india. Tds rate chart fy 201415 ay 2015 16 due date of tds payment etds return filing tcs tax collection at source rates fy 201415read more details by tax collection at source tcs rates for f. 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. The officials have found that traders have done illegal transactions of over rs. Vat rates value added tax rates, vishal vijay gupta and. Value added tax vat tax rates, process of calculation. Service tax rate chart for fy 201617 and ay 20172018 upto 1st june 2016. Income tax slab rates for financial year 2014 assessment. For normal category the simple calculation is as follows. Income tax slabs and rates for fy 202021 bankbazaar. Nov 10, 2016 what is the rate of service tax for 2015 16 and 201617 last updated at nov.