Assessment year 2014 2015, financial year 20 2014, income tax slabs, latest income tax slabs posted by sahilkakwani income tax subscribe to rss feed 12 comments on income tax slabs for fy 20 2014. Income tax calculator for fy 201415 download the income tax calculator for fy 201415 or ay 201516. Apr 15, 20 simple income tax calculator fy 201516 xls download archive can anyone help with income tax calculator fy 19 20 in excel income tax calculator for the year 20102011 xls download archive. Special rules for mining and solid waste reclamation and.
Income tax slab rates 201718 pdf download ay 201819. Download income tax calculator fy 201415 ay 201516 taxguru. Proposed tax slab for financial year 14 assessment year 14 15 for men below 60 years of age. Tax rebate of rs 2,000 for incomes up to rs 5 lakh. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Cost inflation index for fy 201415 is 1024 vide notification no. Again, please file you taxes on or before august 31, 2015 for fy 2014 15. Mar 07, 2019 download tax planning guide in pdf for salaried and professionals for fy 201819 ay 201920 covering all the tax saving optionssections available. This income tax calculator is created through excel utility with latest income tax slabs. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 201415.
But, in normal case, an assessee has to file an application with the relevant tax authority to explain the delay in filing the tax return. This downloadable income tax calculator, calculate tax on your income for for financial year 201415 assessment year ay 201516 automatically without any hassle. Oct 11, 2014 tax planning how to save income tax in fy 201415 to start with, let the explain what exactly has changed in terms of taxation from last year i. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Income tax slabs income tax rates and deductions for fy 2017. Download itr1, itr2, itr2a 201415 for salaried employees released by it dept salaried with no capital gains to file either itr1 or itr2a.
My question is that this arrear should not be added in previous year. Apr 09, 2018 the central board of direct taxes cbdt has notified the income tax returns itr for financial year 2014 15 assessment year 201516. Income tax calculator for india, download excel based tool. Income tax calculation sheet fy 2014, ay 201415 citehr. Assessments under income tax law income tax ratesipc, crpc. Sep 08, 2017 generally, such late return are filed in response to income tax notice. The following income tax rates are applicable for the financial year ending march. Download 15 in one income tax calculator direct link without lock updated 21.
This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Download pdf files for form 15g, form 15h, form 60, form 61. We provide you the latest income tax rates in india for everyone and tax benefits for the current financial year 201415, to know more about income tax slab. Now my total income is rs 591684 including the arrears. We have uploaded below income tax calculator for financial year 2014 or assessment year 2014 15 after making the changes effected by union budget 20 2014. The new itr forms have been released by cbdt for fy 2014 15 income tax returns filing. Download income tax calculator fy 201415 ay 201516. Likewise the medicare levy, and medicare levy surcharge rates are unchanged, however the various income tests are inflationadjusted each financial year. Income tax manual part 1 national board of revenue. This book deals with the law of taxation or income tax laws. Save tax with hdfc lifes various online insurance products.
Simple tax calculator for the use of salaried employees of govt and private sector, basis the latest budget changes. Income tax act and income tax calculation for fy 201819 for. The last time slab rates underwent a change was in fy 201415 when the. How to save income tax for salaried and professionals for fy. Download income tax calculator for fy 201415 ay 201516. Download major itr forms for financial year 201415 assessment year 201516. If you want to continue this discussion or have a follow up question, please post it on the network. Income tax calculator fy 2014, ay 201415 xls download. Income tax department has released income tax returns which will have to be filed by income tax assessees on or before 31st august 2015. Tax audit under section 44ab has been changed for fy 2014 15.
Download free major itr forms for financial year 201415. Rates of income tax, surcharge and additional surcharge. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for financial year 2014. Income tax rates for financial year 201819 201920 assessment year. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 2014 15 assessment year 201516. Certain payments for the use of property or services the adjusted applicable federal shortterm, midterm, and longterm rates are set forth for the month of april 2014. Download itr1, itr2, itr2a 201415 for salaried employees. Up to 2,00,000 up to 2,00,000 for women up to 2,50,000 for resident individual of 60 years till 80 years. This downloadable income tax calculator, calculate tax on your income for for financial year 2014 15 assessment year ay 201516 automatically without any hassle. I forgot to file my income tax return for ay 201415.
Given below are the various tables for the latest income tax slabs for the fy 20202021. Jul 12, 2014 download income tax calculator fy 2014 15 ay 201516. For senior citizens age 60 years or more but less than 80 years. The calculator calculates income tax from financial year 200607 to 2014 and also contains income tax rate for the period from 199798 to 2014. Income tax refers to the tax you pay directly to the government depending on your income or profit for companieslocal authorities. In fact, the income tax department had, in a release on march 28, 2017, urged taxpayers to file their pending income tax return for this financial year before the expiry of the deadline of march 31st, 2017. Incometax slab rates for individual for fy 201415 ay. Tax planning how to save income tax in fy 201415 citefin. Income tax return itr forms for financial year 2014 15 assessment year 2015 16 last date for filing extended upto 31st august 2015. Paripatra 2014 income tax paripatra income tax 20 2014. Calculation of income tax for salaried employees bnn lakshmaji rao, assistant accounts officer, dr. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. 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. Download free major itr forms for financial year 201415 itr1, itr2, itr2a.
Standard deduction for salaried employees introduced. Income tax rates for individuals,hufs,for woman,senior citizen,cooperative society,firm, income tax rates for fy 2014 15. For individuals, hufs and firms other than llp being a resident having total income upto rs. Income tax ratesslab for assessment year 2014 15 previous year 2014 rates %age. Income tax return filing ay 201415which forms to use. Income tax slabs and rates for fy 202021 bankbazaar. Download excel based income ax calculator for fy 201415 ay 201516. Income tax rates 20142015 for filing individual tax returns. Surcharge and education cess see note income tax slab rates 201718 pdf download. Section 80c gives deduction for various savings schemes till now rs. This book is useful for ca, ipcc group 1 students and for b.
For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are. My next question is that how should be calculated the income tax for current year. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Feb 02, 2018 the fy 2014 15 rebate under section 87a of the income tax act, 1961, was also reduced to rs 2,500 from rs 5,000 for those earning between rs 2. Cost inflation index for fy 2014 15 is 1024 vide notification no. There is plenty of time get all papers soft copy only by the end of this week and hand over to the tax professional by 17th of august 2015 monday. Download income tax laws text book pdf for 3rd year students.
March 31, 2017 was the last date to file your original income tax returns for the financial year 2014 15. Jun 06, 2014 in fy 2014 15, i have 6 months income as salary, for which i have received salary certificate from employer and no tds deducted. Calculating the income tax is complicated and time consuming process. Income tax deduction from salaries during the financial year 201819 under section 192 of the income tax, act.
Also incorporates new income tax slabs for fy 201415 ay 201516 as per budget 2014. Income tax circular 2014 circular, income tax 2012 amendment of income tax ordinance section 19. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Hdfc life provides the latest income tax rates in india for different age groups and tax benefits offered by various life insurance policies, for the current financial year 2014 15. The basic tax scale is the same as the previous year, as is the low income tax offset. Income tax calculator utility is helpful for bankers especially which included all the forms in one i. There are chances of errors in calculating income tax which leads to wrong filling hence penalty by income tax. The latest income tax slabs for ay 201920, ay 202021 and ay 202122 are discussed in this article. Income tax calculator fy 20 14 financial year 2014 is ending now and people are in rush to calculate their income tax on salary. It incorporates all changes that was made in budget 2018. Latest income tax slabs and rates for fy 201516 and ay 201617.
Fill up the relevant details to know your tax liability for fy 201415 income tax slabs for fy 2014 15 education cess of 3% surcharge of 10% on rs 1 crore plus income earners tax credit of rs 2,000 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. Jul 22, 20 updated my previous excel sheet to calculate income tax liability for fy 2014, ay 2014 15 this discussion thread is closed. Subordination and control of income tax authorities. The excel based income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit and bank interest, house rent and capital gains short and long term gains. Income tax act and income tax calculation for fy 201819 for ay 201920 for employees and teachers. Incometax slab rates for individual for fy 201516 ay 201617.