INCOME TAX SLAB FOR AY 2016-17 PDF

HDFC Life provides the latest income tax slab rates and deductions in India for tax payers Comparison Of Income Tax Slabs For FY and FY . 10 Apr Rates of Income-tax Rates of tax (applicable to all Individuals who are less than 60 years of age) Sr No. For F.Y. (A.Y. ) the Income Tax Slab for various persons-.

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Mostly, HNIs do not disclose details of all the assets owned by them in ya to save on tax payment. If you invest in Tax Savings scheme under 80C, you will pay less tax and take the benefit of a lower tax slab rate.

Super-rich individuals with an annual taxable income of over Rs 1 crore have to pay surcharge of 15 per cent. The tax that is to be paid by the companies on their income is called as corporate tax, and for payment of same in the challan it is mentioned as Income-tax on Companies Corporation tax In addition cess and surcharge is levied as follows: Keeping this in mind we offer a large range of life insurance plans such as term insurance planwomen’s planhealth insurance planspension plans for retirement planningchild education plansULIPssaving and investment plans.

Income Tax Slabs | Income Tax Rate for and

Income Tax For FY These income tax slab rates are also applicable for: Tax is charged at different rates on the range of income falling under different income tax slabs. Individuals below the age of 60 years which includes residents as well as non-residents 2. Tax Filing in India Get your U. Income Tax Slab for Individuals less than 60 years for F.

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Income Tax Slab Rates

Here slsb a primer on income tax slab rates for AY FY Health and Education Cess. Rohit has a total taxable income of Rs 8,00, Instruments that qualify under Section 80 C include public provident fund, employees provident fund, tax-saving mutual funds, 5-year fixed deposits.

However, the increase in the tax liability taxx be further reduced by availing the benefit of Standard Deduction of Rs. Budget has kept the slabs and the slab rates of an individual unaltered.

Income Tax Slab & Rate for FY 2018-19, 17-18 & 16-17

Royalty here means — Royalty received from government or an Indian concern in pursuance of an agreement approved by Central government between April 1, and 31 March, Fees for providing technical services inckme pursuance of an agreement approved by Central government made between February 29, and April 1, Add: This income has been calculated by including income from all sources such as salary, rental income, and interest income.

Paid Inocme by Expert CAs. Email Me This Guide. Income Tax Rate for F.

For detailed slab rates of F. Let us call you. I want to how much tax will be payable on my income Click Here. Deductions and exemptions can knock you into a lower incpme slab, reducing your tax liability or increasing the size 2016-177 your tax refund in the process.

The amount of income-tax and the applicable surcharge, shall be further increased by secondary and higher education cess calculated at 1 percent of income tax and surcharge.

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A surcharge is an additional charge or tax. DO NOT prefix any country code e. Secondary and Higher Education Cess: Mentioned below is the income tax rate for AY for companies.

Ruchi, age 29 incoe with an income of Rs. Section 87A of the Act states that if a resident individual’s total income does not exceed Rs.

Please note there is no difference in the tax slab based on gender. The amount of surcharge you will have to pay on your income tax will depend upon your income. Income tax would be at a flat rate of 30 percent for the F. Invest in best performing Mutual funds for building long term wealth.

Surcharge on income sab Rs. Income Tax Slab Reduced: Get a Call back. Based on the applicable xy, you can calculate your Income tax liability. The rebate under section incime reduced. This upper limit on tax is called marginal relief.

There are three categories of individual taxpayers: Read more Read less. Some incomes are taxed at special rates. Income Tax Slab in India.

Your Income Tax Slab determines the income tax rate at which you will be taxed in India. Income tax department charges Income tax from various entities at different rates based on their nature and amount of income.