Download the itr forms for financial year 201516 assessment year 201617 what is efiling of returns. Income tax slabs and rates for fy 202021 bankbazaar. Download income tax calculator for fy 201415 ay 201516. The following are the different types of itr forms which can be filed by a. The return so filed by aarav will be known as belated return us 94 of income tax act 1961. Income tax return filing for ay 201617 fy 201516 can.
Income tax return filing for ay 201617 fy 201516 can it. Income tax rates on partnership firm for ay 201516. Hope, now you all know the income tax rates on partnership firm. Therefore, the process of electronically filing your income tax returns is known as efiling of returns. Income tax slabs for the individual male below 60 years age for the assessment year 20152016 sl no. Income tax slabs for financial year 201516 or assessment year 201617. Incometax slab rates for individual for fy 201415 ay 201516. If you have earned from stock market or from sale of properties to know tax liability read the new article on. We can know more about online income tax return filingfy. Income tax department has introduced a convenient way to file the return of income by the taxpayers using the internet. Log on to efiling portal at if you are not registered with the efiling portal, use the register.
The income tax department can allow taxpayers to file returns post the deadline for specific cases. Download it slabs from fy 200809 to fy 201516 file in pdf. A notable change brought about during budget 2016 is the reduction of time period for filing of belated income tax returns. The new itr forms 1, 2 and 4s were notified for the assessment year 2015 16 vide said notification. Home blog due date of income tax return filing fy 201516 ay201617 due date of income tax return is decided by income tax act, 1961 and its rules. We can know more about online income tax return filingfy 201516 ay 201617 watch this video to know more about income tax return filing. Today i have gone to income tax department to file the return financial year 201415assessment year 201516, whereas the income tax officer has told me to pay penalty rs. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Due date to file income tax return assessment year 201516. 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. Income tax slab rates for last 25 years in india 199293. The exemption limit for income tax has also increased more than 10 times from rs. Income tax rates on partnership firm for ay 2015 16. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant acts, rules etc.
Calculating and deducting the income tax is very complicated work if done manually especially if the number of employees. Fy 201415 note the new government has presented the budget for ay 201516 on 10. We can know more about online income tax return filing. Therefore in fy 201617, a taxpayer can file tax returns for fy 201415 and fy 201516.
We will cover other aspects like filing of income tax return of partnership firm, assessment of partnership firms and book profit. Form 16 income tax calculator for fy 201415 ay 201516. Income tax rates slabs for financial year 201516 learn. How to file income tax returnitr1 2015 2016 through excel utility in hindi. But d o not wait till the last week of august to file your ay 201516 income tax return. My query is why i should pay the penalty, since the law is made on 1st april 2017 onwords and not to prior to that. Itr 1 form can be downloaded from income tax department website click here. Mar 08, 2018 though aarav can still file income tax return for fy 2015 16. Income tax calculator for 201011 ay to 201617 ay by the income tax department. Income tax rates and slabs undergo modification and change every year with the change and addition in the union budgets. Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 2015 16 or income tax slab rates for ay 201617. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. Income tax slab rates for 201415 and 2015 16 are same. The new itr forms 1, 2 and 4s were notified for the assessment year 201516 vide said notification.
This new scheme of assessment will represent a paradigm shift in the functioning of the income tax department the articles for previous years for fy 201819 click here for fy 201718 click here for fy 201617, click here for fy 201516, click here for fy 201415, click here. Here is a primer on income tax slab rates for ay 201617 fy 201516. Hence any return which pertains to fy 2014 and before is timebarred and under no circumstances can be filed. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. Income tax slabs for financial year fy 201516 sa post. Download income tax calculator fy 201516 for bankers in excel format this is the end of financial year 201516 and time for calculating the income tax returns with generation of form 16 including tidy calculative part. The last date may be changed by central government in special cases by gibing proper notice. 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. Even the lowest tax rate has gone down from 20% to 5%. Oct 16, 2015 income tax slab for fy 2015 16 ay 201617. After uploading tax return it need to be e verify by different mode or to be sent physically to cpc. Tax slabs for financial year 201415 or assessment year 2015 16.
Jan 30, 2017 therefore in fy 201617, a taxpayer can file tax returns for fy 201415 and fy 2015 16. Income tax slab rates for individual for fy 2015 16 ay 201617. Dec 20, 2015 0 comments fy 201516 tax rate applies to income earned between 1 st april 2015 and 31 st march 2016. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. In this post i restrict my subject towards new tax slabs for fy 201415. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update. The last date of filing income tax return ay 20152016 has been extended from 31 st july to 31 st august 2015. Calculating and deducting the income tax is very complicated work if done manually especially if the number of employees are higher. If you have filed your tax return for fy 201516 on or before 5th august, 2016, then you can file a revised return any number of times up to 31st. Income tax slab rates for 201415 and 201516 are same. Download your tax credit statement form 26as from traces and. Missed the march 31 deadline to file income tax return. Now income tax exemption is raised by 50000 to 250000.
Although the last date to file itr for individuals is july 31, it helps to start work on. 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. For individuals, hufs and firms other than llp being a resident having total income upto rs. A tax return can only be filed online for fy 1516 ay 1617 and fy 1617ay 1718. Due date of income tax return filing fy 201516 ay201617. How to file income tax returnitr1 2015 2016 through excel utility in hindi duration. But d o not wait till the last week of august to file your ay 2015 16 income tax return. The first step to understand the workings of income tax in india is to be aware of the taxation slabs released each financial year by the indian government and various deductions. Rates of income tax in respect of income liable to tax for the financial year 2015 2016 assessment year 20162017. Apr 07, 2018 march 31, 2018 was the deadline to file income tax returns itr for the financial year 2015 16 and 201617.
Tax slabs for financial year 201415 or assessment year 201516. Ay is assessment year latest income tax rates for fy 2015 16. In case you havent filed your itr for fys 201516 and 201617, you cannot file a belated return anymore. Latest income tax slabs and rates for fy 201516 and ay 201617. Income tax slabs for financial year 2015 16 or assessment year 201617. Aug 18, 2016 here is a primer on income tax slab rates for ay 201617 fy 2015 16. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. Download it slabs from fy 200809 to fy 201516 file in. Here is quick guide of tax bracket for individuals depending on the income. Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year. Though aarav can still file income tax return for fy 201516. Financial year 201516 assessment year 201617 every year the income tax rates are changed and it is important to get the latest income tax rates. Many taxpayers also often take it easy as an incometax return for fy 201516 can be filed by march 2018. Incometax slab rates for individual for fy 201516 ay 2016.
Incometax slab rates for individual for fy 201516 ay. The rule 12 of the incometax rules was amended vide notification no. Income tax rate slab changed for financial year 201415 and the analysis year 201516 on the union budget. The two most obvious reason for lower tax collection is tax evasion and unawarness of taxpayers. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are. Dec 20, 2015 dec 20, 2015 0 comments fy 2015 16 tax rate applies to income earned between 1 st april 2015 and 31 st march 2016. Automatic form 16 cum income tax calculator for salaried person in excel format for. The national board of revenue nbr is the apex authority for tax administration in bangladesh. But the tax slabs have not been changed for the last few years.
Return forms for assessment year 201516 income tax. The tax slab rates for individual below 60 years and for nri aop boi hufajp. The last date of filing income tax return ay 20152016 has been extended. I missed the july 31 deadline cleartax help center. There are various things he needs to take note of while filing such return and for better understanding and easiest assistance in filing his taxes he may take help from our tax. Download income tax calculator fy 201516 for bankers. The above income tax rates are for general category men women who are below 60 years of age. The amount of rebate is 100 per cent of incometax or rs. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. Income tax national board of revenue nbr, bangladesh. Jul 10, 2014 in this post i restrict my subject towards new tax slabs for fy 201415. Aug 01, 2016 how to file income tax return online in india fy 2015 16 ay 201617. Income tax slabs for financial year 201516 or assessment. The rule 12 of the income tax rules was amended vide notification no.
Incometax slab rates for individual for fy 201516 ay 201617. Ay is assessment year latest income tax rates for fy 201516. Itr form have been released by the income tax department for financial year 201516 i. Income tax rates on partnership firm for ay 201516 cakart. Individuals with taxable income below rs 5,00,000 are allowed to claim a tax rebate of rs 5,000 on tax. In 201516, close to 82 lakh taxpayers showed zero or income less than rs 2. We give below the income tax rates and slabs applicable for the fy 201516 or ay 201617. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Income tax rate chart income tax slabs as applicable for assessment year 201516 financial year 201415 for individual, huf, aop, boi, partnership firms, llp and companies. The following income tax rates are applicable for the financial year ending march 31, 2016 i.
Income tax slab rates for last 25 years in india 199293 to. A notable change brought about during budget 2016 is the reduction of time period for filing of belated incometax returns. Today i have gone to income tax department to file the return financial year 201415assessment year 2015 16, whereas the income tax officer has told me to pay penalty rs. Apr 14, 2020 income tax slabs ay 201415 fy 2014 income tax slabs ay 2015 16 fy 201415 income tax slabs ay 201617 fy 2015 16 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. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details.
Apr 09, 2018 the last date of filing income tax return ay 2015 2016 has been extended from 31 st july to 31 st august 2015. Income tax slabs income tax rates fy 201415 av 201516. Given below are the various tables for the latest income tax slabs for the fy 20202021. Incometax slab rates for individual for fy 201415 ay. Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. Income tax rate slab changed for financial year 201415 and the analysis year 2015 16 on the union budget. It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Latest income tax slabs and rates for fy 201516 and ay. As per the finance act, 2015, rates of income tax applicable for the financial year 201516. In case you havent filed your itr for fys 2015 16 and 201617, you cannot file a belated return anymore. Yes, you can still file a belated tax return for fy 201516ay 201617the last date for filing the belated return for fy 201516 is 31st. Penalty on late filing of income tax return ay 201516 and fy 201415 update. Income tax calculator for 201011 ay to 201617 ay by the income tax department income tax software for fy 2015 16 download. Ay 2015 16 changes as per budget for fy 2015 16 or.
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