Download past income tax return 2015 16 slabs ay 2015-16

Due date of filing income tax return for the ay 201516 has been extended by cbdt from 31st july 2015 to 31st august 2015. If the applicable form is itr1 you can complete the process on the portal itself, submitting the details online by using the quick efile itr link. Return forms for assessment year 201516 income tax. Rates of income tax for fy 201415 ay 201516 as per the finance no. Income tax filing return forms for 201516 download forms india. 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. But the tax slabs have not been changed for the last few years. Income tax slab rates for individualhuf for fy 201415.

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. Non filing of return section 44ad application of 8% rate by ao. Jul 01, 2015 assessee amlan dutta assessment year 2015 16 original return filed before due date filed without showing saving bank interest income and also some other sources tution income. Income tax return filing for ay 201617 fy 201516 can. Normal rates of tax applicable to all individuals who are less than 60 years of age. Itr2 for individuals and hufs not having income from business or profession. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are.

Incometax slab rates for individual for fy 201516 ay. A individuals born on or after 1st april, 1956 age less than 60 years. It is deductible from income tax before calculating education cess. Highest tax rate including surcharge has come down from 56% in fy 199091 to 30. 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. Due date to file income tax return assessment year 201516. Aadhaar number and passport number is now mandatory. This year as well, the indian finance minister nirmala sitharaman announced multiple changes that have taken place in the budget. Shortly income tax return filing will commence for ay 2015 16, returns will be filed for income earned in the financial year that started on 1st april 2014 and ended on 31st march. Income tax slab rates for 201415 and 2015 16 are same. Income tax calculator for 201011 ay to 201617 ay by the income tax department. We give below the income tax rates and slabs applicable for the fy 2015 16 or ay 201617. Use online tax calculator to file income tax return for. 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.

After uploading tax return it need to be e verify by different mode. Assessment year 2015 16 income tax slab rates for 1. 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. Do you have to file income tax return for ay 201516. Missed the march 31 deadline to file income tax return. Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update. Income tax slabs are reintroduced in union budget 201415 and no big change in the tax slabs for the financial year 201415 and assessment year 201516. The following income tax rates are applicable for the financial year ending march 31, 2016 i.

Here is quick guide of tax bracket for individuals depending on the income. Under the download menu, click on income tax return forms and choose ay 201516 for financial year 201415. Income tax slab rates ay 201920, fy 201819, income tax. Download income tax calculator fy 201415 ay 201516 taxguru. Filing of income tax return for ay 201516 new initiatives. Apr 07, 2018 march 31, 2018 was the deadline to file income tax returns itr for the financial year 2015 16 and 201617. 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. Ay 201617, the following rates were also applicable for fy 201415 ay 2015 16 latest income tax slabs in india fy 201617 or as 201718. As there was no change in income tax slabs for fy 2015 16 i. Income tax slab rates assessment year 201516 accounting. Download tax computation ay 201516 file in xls format. The balance number of itrs filed for ay 201516 and prior ay is 0. Income tax slabs for financial year 201516 or assessment year 201617. Income tax slab for fy 201516 ay 201617 there is no change in income tax slabs except additional 2% increase in cess for super rich i.

Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. Nonresident individualhuf net income range income tax. Please click on the links below to view the income tax slabs and rates for the assessment year 201516 applicable on income earned during 01. Assessment year is the year immediately following the financial year. The new itr forms 1, 2 and 4s were notified for the assessment year 201516 vide said notification. Income tax is collected on a yearly basis as a percentage of an entity income. Income tax slabs income tax rates fy 201415 av 201516.

Income tax slab for filing tax return on income in india. Itr1 sahaj individual income tax return ay 2015 16. The exemption limit for income tax has also increased more than 10 times from rs. Incometax slab rates for individual for fy 201415 ay. In order to file your income tax returns each year, form 16 is the underlying premise that simplifies the return filing procedure.

Latest income tax slabs and rates for fy 201516 and ay. 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. A notable change brought about during budget 2016 is the reduction of time period for filing of belated income tax returns. If you havent yet filed your incometax it return for the financial year 201617 which is for the income earned during the period april 1, 2016 up to march 31, 2017, the clock is. Income tax return filing for ay 201617 fy 201516 can it. In order to file your income tax returns each year, form 16 is the underlying premise that simplifies the return.

The income tax department can allow taxpayers to file returns post the deadline for specific cases. Income tax slabs for filing tax return for individuals and hufs. Download the income tax return itr form applicable to you. If you can not file the return within the due date, you can still file the belated return. Fy 201415 note the new government has presented the budget for ay 201516 on 10. How to file income tax return online ay 2015 16 youtube. Income tax slabs for financial year 201415 and assessment. Itr4s sugam presumptive business income tax return ay 2015 16. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. Income tax rates slabs for financial year 201516 assessment year 201617 for male individuals below 60 years resident of india income tax rates up to 250000.

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. In case you havent filed your itr for fys 201516 and 201617, you cannot. I missed the july 31 deadline cleartax help center. Latest income tax slabs and rates for fy 201516 and ay 201617. We can know more about online income tax return filingfy 201516 ay 201617 watch this video to know more about income tax return filing. Income tax slab rates for fy 2015 16 ay 201617 are as under. Jan 30, 2017 therefore in fy 201617, a taxpayer can file tax returns for fy 201415 and fy 2015 16. Income tax slabs for financial year 201516 or assessment.

Rs 5,00,000, rebate u s 87a upto rs 2,000 is allowed against tax liability. Income tax slabs for financial year 201718 assessment year 1718. In case you havent filed your itr for fys 2015 16 and 201617, you cannot file a belated return anymore. Income tax slabs for financial year 2015 16 or assessment year 201617. A tax return can only be filed online for fy 1516 ay 1617 and fy 1617ay 1718. Income tax slabs income tax rates and deductions for fy. Apr 14, 2020 income tax slabs ay 201011 fy 200910 income tax slabs ay 201112 fy 201011 income tax slabs ay 2012 fy 201112 income tax slabs ay 2014 fy 2012 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.

Oct 05, 2017 therefore, the process of electronically filing your income tax returns is known as efiling of returns. Jun 30, 2015 how to file income tax return online ay 2015 16 tribute to my ca friends this tutorial was made on ca day 30062015. Income tax rates slabs for financial year 201516 learn. Union budget 2014 has amended the basic income tax slabs for financial year 201415, however there is no change in the income tax rates, surcharge and cess. 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.

Comparison of income tax slabs for fy 201718 and fy 201617. Incometax slab rates for individual for fy 201516 ay 201617. Income tax rates for assessment year 20162017 previous year 201516 income tax. Due date of filing income tax return for the ay 2015 16 has been extended by cbdt from 31st july 2015 to 31st august 2015. Form 16 is the most commonly heard form and if you are a salaried person, you should have received form 16 annually from your employer. Please click on the links below to view the income tax slabs and rates for the assessment year 2015 16 applicable on income earned during 01. Quick excel income tax calculator for fy 201516 ay 201617. But do not wait till the last week of august to file your ay 201516 income tax return. Income tax slabs and rates for fy 202021 last updated. The basic exemption limit has been increased from rs 2 lakh to rs. Under the download menu, click on income tax return forms and choose ay 2015 16 for financial year 201415. Itr 1 form can be downloaded from income tax department website click.

With the new income tax return forms being recently notified for assessment year 2015 16, filers can do an easy check of their annual tax liability on a new computerbased calculator. If you can not file the return within the due date, you can still file the belated return us 94 upto 31. Income tax slabs are reintroduced in union budget 201415 and no big change in the tax slabs for the financial year 201415 and assessment year 2015 16. Hdfc life provides the latest income tax slab rates and deductions in. Ca sandeep kanoi, income tax rate chart, income tax rates, rate chart, tax rate changes, tax rates. Read our other articles efiling income tax, income tax refund, income tax refund status, income tax return and income tax calculator in our artilces. 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. The above income tax rates are for general category men women who are below 60 years of age. Hence any return which pertains to fy 2014 and before is timebarred and under no circumstances can be filed. Shortly income tax return filing will commence for ay 201516, returns will be filed for income earned in the financial year that started on 1st april 2014 and ended on 31st march. Even the lowest tax rate has gone down from 20% to 5%.

Ay is assessment year latest income tax rates for fy 2015 16. Oct 16, 2015 income tax slabs for fy 201617 ay 201718. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. Here is a primer on income tax slab rates for ay 201617. Latest updates the latest income tax slabs for 20182019 can be found here income tax slabs 201819. For income tax purpose citizens above age of 60 are considered as senior citizens and above age of 80 are considered very senior citizens. Income tax slabs and rates for fy 202021 bankbazaar. The amount of rebate is 100 per cent of income tax or rs. Download income tax calculator for fy 201415 ay 201516. Mar 08, 2018 if you have not filed income tax return for f. Income tax slabs income tax rates and deductions for fy 2017. We give below the income tax rates and slabs applicable for the fy 201516 or ay.