Depreciation allowability us 11 for income applied ay 201516. Jul 30, 2015 new income tax return form for ay 2015 16 itr3, itr4, itr5, itr6 and itr7 has been notified by cbdt vide notification no. Therefore, the process of electronically filing your income tax returns is known as efiling of returns. Jun 28, 2015 income tax return filing choose your tax return form for ay 201516.
During this financial year i have only 4lacs as salary income as i have only pension. Income tax return forms for assessment year 201516 guide. New income tax return form for ay 201516 itr3, itr4, itr5, itr6 and itr7 has been notified by cbdt vide notification no. May 31, 2015 so now due date for nonaudit case also salaried employee covered, is 31. If transfer takes place after july 10, 2014, the concessional rate of 10% will not be available in case of ltcg which arises on transfer of units. Nonresident individualhuf net income range income tax rates health and education cess up to rs.
Do you have to file income tax return for ay 201516. Download income tax calculator for fy 201516 ay 201617 income tax slab for fy 201415 ay 201516 the income tax slab has changed for general public and senior citizens. Income tax slab rates for last 25 years in india 199293 to. In case you havent filed your itr for fys 2015 16 and 201617, you cannot file a belated return anymore. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for last fy 201415.
Incometax slab rates for individual for fy 201718 ay. Tax on unrelated business income of exempt organizations. Are you paying more income tax than you are liable to. Students guide to income tax with problems and solutions.
Tax relief under section 89 for the assessment year 201516 i. Students guide to income tax with problems and solutions in 2 parts ay 201516 book. Income tax calculator fy 201415 ay 201516 in excel format auto income tax calculator f. The income tax slab is remain unchanged in this financial year. The taxpayers have to correctly choose the relevant form and file the return.
If the income tax payable is less than the mat calculated, the book profit will be. 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. Senior citizen means an individual resident in india. Legislation was passed by parliament in june 2015 to amend the 201516 tax scale and low income tax offset so that the overall tax rates are the same as the previous year. My question is that this arrear should not be added in previous year. India income tax slabs 2014 2015 for general tax payers and womenincome tax slab in rs. Abcaus excel based auto fill form 16 for ay 201516 fy 201415 is very simple and user friendly.
The user is required to fill the data in a pop up form and excel form 16 is updated automatically with ease. The data, released last week, indicates just over 3 per cent of the. The data, released last week, indicates just over 3 per cent of. Apr 07, 2018 march 31, 2018 was the deadline to file income tax returns itr for the financial year 2015 16 and 201617. Income tax rates for ay 201516 financial year 201415.
Income tax calculator fy 201415 ay 201516 salary tds calculator in excel. This should not be used to compute the actual taxes to be paid to the government. Income tax return filing choose your tax return form for ay. This tax calculator can be used to calculate the approximate tax payable by salaried individuals. Short term capital gains on equity share or equity oriented fund chargeable to stt 111a 15 3. In the case of corporate assessee, if the net income of a corporate assessee for the assessment year 20142015 exceeds rs. For comfort in filling, the form has been divided into total of four sections. Now income tax exemption is raised by 50000 to 250000. Rebate 87a for fy 201415 ay 2015 16 finance bill 2014 has increased income tax exemption limit by rs.
Apr 08, 2015 download tax planning ebook for fy 2015 16 ay 201617 2. Hence this provision continues for ay 201516 as well. Senior citizen means an individual resident in india who is the age of sixty years or more at any time during the relevant previous year. Income tax scrutiny criteria for financial year 201516. Jan 04, 2015 calculate your tax based on the tax slabs for year 2014 2015. The amount of rebate is 100 per cent of incometax or rs. Income tax slab rates for ay 20152016 financial year 20142015. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories surcharge and. The data, released last week, indicates just over 3 per cent of the 120 crore population filed returns. Buy notes on direct taxes for ca final in modules separate books for a. Income tax department is selecting cases for scrutiny under computer aided scrutiny selection cass based on the information gathered from annual information returns air and based on the. Buy notes on direct taxes for ca final in modules. In case you havent filed your itr for fys 201516 and 201617, you cannot file a.
March 31, 2018 was the deadline to file income tax returns itr for the financial year 201516 and 201617. Download tax planning ebook for fy 201516 ay 201617 2. This section can help you to plan your salary components in case your company offers such facility. It is deductible from income tax before calculating education cess. Download simple income tax calculator in excel format for salaried persons for financial year 201415 assessment year 2015 16. Tax 0 to 2,50,000 no tax 2,50,001 to 5,00,000 10% 5,00,001 to 10,00,000 20% above 10,00,000.
Incometax slab rates for individual for fy 201718 ay 201819 incometax slab rates for. India income tax slabs 20142015 for general tax payers and women income tax slab in rs. Download simple income tax calculator for the salaried employees for fy 201415 ay. The above rates were proposed in the vote on account presented by the upa government pending lok sabha elections and were valid till 30th june 2014. This incometax ready reckoner is based on the directtax laws as amended by the finance no.
Therefore, the process of electronically filing your income tax. The amount of rebate is 100 per cent of income tax or rs. Quick excel income tax calculator for fy 201516 ay 201617. Please clarify the following doubt iam central government pensioner. Instructions to form itr6 ay 201516 page 4 of 12 sl.
Income tax slab rates for ay 20152016 financial year. Now the question arises is do rebate of income tax under section 87a as applicable for fy 2014 also available for fy 201415 and subsequent years. Information on the united statescanada income tax treaty. Book profit for the purpose of computation of remuneration. Report regarding framework for computation of book profit for the purposes of levy. Detailed article on the income tax slabs rates for fy 201415 and ay 2015 16. Cbdt has notified income tax return itr forms for ay 201516. Today i have gone to income tax department to file the return financial year 201415 assessment year 201516, whereas the income tax officer has told me to pay penalty rs.
Due date to file income tax return assessment year 201516. Cbdt has issued circularorder on extension of due date of filing of income tax return ay 2015 16 dated 10. Incometax slab rates for individual for fy 201819 ay 201920 itr1 and itr2 ay 201920 released. But if you are individualhuf and have more than one house property then you have to choose between itr 2 and itr 2a. If you can not file the return within the due date, you can still file the belated. Compliance hand book contains the following income tax inc. Income tax rate slab changed for financial year 201415 and the analysis year 201516 on the union budget. For instance, if you are individual and have one house property then you have to file itr 1. Thus the amendment has settled the legal position which must be borne in mind by the auditors chartered accountants while computing the income applied for the purpose of issuing audit report in form no. Income tax slabs income tax rates fy 201415 av 201516. Cbdt has issued circularorder on extension of due date of filing of income tax return ay.
It is deductible from incometax before calculating education cess. Due date of filing income tax return for the ay 201516 has been extended by cbdt from 31st july 2015 to 31st august 2015. Just to add, even if you could not file return after the last date i. Instructions to form itr6 ay 201516 income tax department. Income tax department has introduced a convenient way to file the return of income by the taxpayers using the internet. Thus the amendment has settled the legal position which must be borne in mind by the auditors chartered accountants while computing the income applied for the purpose of issuing audit report in. Income from salary income from salary after standard deduction of rs. Dec 25, 2017 but the total income tax paid by individuals declined to rs 1.
I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 2015 16 for last fy 201415. Students guide to income tax with problems and solutions in 2 parts ay 2015 16 book. Tax on accumulated balance of recognised provident fund 111 to be computed in accordance with rule 91 of part a of fourth schedule 2. Finance bill 2014 has increased income tax exemption limit by rs. If you can not file the return within the due date, you can still file the belated return us 94 upto 31. Excel tds form16 automatic certificateay 201516 download. Missed the march 31 deadline to file income tax return. Download income tax calculator for fy 201415 ay 201516.
Income tax return filing choose your tax return form for ay 201516. Mar 15, 2019 the income tax slab is remain unchanged in this financial year. Now my total income is rs 591684 including the arrears. Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. This article provide quick excel income tax calculator for fy 201516 ay 201617 for individual resident whose age is below than. Cbdt has notified income tax return itr forms for ay 2015 16. The income tax department can allow taxpayers to file returns post the deadline for specific cases.
Tax on accumulated balance of recognised provident fund 111 to be computed in accordance with rule. 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. The number of people paying income tax rose from 3. My next question is that how should be calculated the income tax for current year. Incometax slab rates for individual for fy 201415 ay. The combined income of all individual tax filers rose to rs 21. Income tax is a direct tax which is levied by the government. But the total income tax paid by individuals declined to rs 1.
Auto income tax calculator with salary statement for fy 202021 ay202122 in excel. 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. Incometax return statistics assessment year 201516 version 1. May 08, 2014 in the case of corporate assessee, if the net income of a corporate assessee for the assessment year 2014 2015 exceeds rs. Abcaus excel based auto fill form 16 for ay 2015 16 fy 201415 is very simple and user friendly. Click here for income tax rates for assessment year 201516. Students guide to income tax with problems and solutions in 2.
The number of incometax return filers increased to 4. So now due date for nonaudit case also salaried employee covered, is 31. Instructions to form itr6 ay 2015 16 page 4 of 12 sl. Income tax return filing choose your tax return form for. Detailed split for general, women, senior citizen etc are provided. Aadhaar number and passport number is now mandatory. Family means the spouse and dependant children of the assessee. Income tax scruitiny respected sir thanks for your wonderful blog. Income tax return forms for assessment year 201516. Penalty on late filing of income tax return ay 2015 16 and fy 201415 update. We can know more about online income tax return filingfy 201516 ay 201617. Income tax slab rates for last 25 years in india 199293.
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