Surcharge as a percentage of income tax 10 10 total education cess as a percentage of income tax and surcharge tax not applicable in the case of a nonresident. Income tax slab rates for financial year 2014 assessment. 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. The higher rates of personal allowances are reduced by. Subscription for new ordinary shares 20% income tax relief. Income tax slab rates for domestic companies assessment years 200102 200203 200304 200405 200506 200607 200708 200809 200910 tax rate cess total note. Incometax rates applicable in case of domestic companies for assessment year 202021 and 202122 are as follows. Rates of wealthtax assessment years 199899 to 200910 1% of the amount by which net wealth exceeds rs.
Where tax liability arises only because of the inclusion of long term capital gains tax to be levied at 20% or 10% on the excess over the minimum exemption limit. National insurance contributions tax rates 2004 2005. The computation of the deduction under section 80ic was annexed in annexure a to the tax audit report in form nos. Income tax slab rates for domestic companies assessment years 200102 200203 200304 2004 05 200506 200607 200708 200809 200910 tax rate cess total note. The new income tax rates or income tax slabs were applicable for the incomes earned or generated from april 01, 2003 to march 31, 2004. The new income tax rates or income tax slabs were applicable for the incomes earned or generated from april 01, 2002 to march 31, 2003. Income tax slab rates for last 25 years in india 199293. Company income tax rate fy20042005 income tax forum. No surcharge or education cess in case of wealthtax. Similar limits apply to the married couples allowance.
For financial year 200405 and 200304 or assessment year 200506 and 20042005. The normal tax rates applicable to a resident individual will depend on the age of the individual. The amount of incometax and the applicable surcharge, shall be further increased by health and education cess calculated at the rate of four percent of such incometax and surcharge. For 200405 and 200506, additional income tax relief of 20% will be paid direct to the vct. Aug 11, 2011 income tax rates slabs ay 201011 individual huf boi aop the rates for assessment year 201011 is given in the table below. The assessing officer held that in the assessment years 200405 and 200506, the return of income of mega packages was filed as a proprietary concern of karanjit singh bajwa. O komunalnom drustvu autotrolej rates of depreciation for incometax for ay 1920 or fy 1819. Any other individual and huf individual being resident who is of the age of 60 years or more individual being resident who is of the age of 80 years or more. For lower or basic rate taxpayers the liability on dividend income is met by the tax credit attached to the. The amount of income tax and the tax rate you pay depends on how much you earn. Marginal relief would be provided to ensure that the additional income tax payable including surcharge, on the excess of income over rs. The basic exemption limit has been increased from rs 2 lakh to rs. Rates of gifttax assessment years rates in percentage 199697 to 19992000.
Currently we have listed slab rates from assessment year 199293 to 2014. Jaswant singh, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on friday, february 28, 2003 in new delhi. Tax deducted on 31st march is to be deposited upto 31st may. This provision will be effective from 1st april 2004 and available for a. Rates of gift tax assessment years rates in percentage 199697 to 19992000. Income tax slab from assessment year 20012002 to a. Surcharge as a percentage of incometax 10 10 total education cess as a percentage of incometax and surcharge tax not applicable in the case of a nonresident. Applicable in the case of every individual, hindu undivided family and company. Aug 11, 2011 income tax rates slabs ay 04 05 aop boi individual huf the rates for assessment year 2004 05 is given in the table below. Income tax rates applicable in case of domestic companies for assessment year 202021 and 202122 are as follows. Individual income tax rates for prior years australian taxation office. Income tax since 1950s 2009 for financial year 201516 or assessment year 201617.
Return of tds are to be filed till 3062005 at computer media for companies. Income tax slab rates from ay 199293 to ay 201516 download income tax calculator for a. A 50 year trend of indian personal tax ratesfeb 2011 india today. Tax rate 0 50,000 0% 50,001 60,000 10% 60,001 1,50,000 20%. Any one please give mecompany income tax rate fy 2004 2005 read more at forum create message asp cat id 3 income tax efiling. For special tax rates applicable to special incomes like long term capital gains, winnings from lottery, etc. This page is updated yearly with the indian income tax slab rates. The amount of income tax and the applicable surcharge, shall be further increased by health and education cess calculated at the rate of four percent of such income tax and surcharge. Class 1 employed contracted in 200405 rates weekly earnings up to. Also such investments by subscription are eligible for deferral of capital gains tax on unlimited gains reinvested. Commissioner of income taxi vs ms mega packages on 24. The assessing officer held that in the assessment years 2004 05 and 200506, the return of income of mega packages was filed as a proprietary concern of karanjit singh bajwa. Subscriptions for new ordinary shares 20% income tax relief. Como siempre en perfecto estado, envio urgente y al mejor precio.
Income tax rates since year assessment year 19921993. Further, deduction under section 80ccd, with effect from a. Tax rates income from house property depreciation capital gains. Direct tax rate income tax in india personal finance. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Yashwant sinha, the finance minister of india, announced the new personal income tax slab rates while presenting the union budget of india, also called the indian general budget, on thursday, february 28, 2002 in new delhi. Can somebody help me out by providing the income tax rates for financial year 200405 for individuals on sharma. Evolution of personal taxation in indiatill 20062007 india today. Income tax rate slabs for assessment year 20012002,20022003, 20032004, 20042005. Please find attached the excel file containing income tax calculator as modified by finance bill 2016 presented on 29 th february 2016 the above income tax calculator contains the rate of tax for last 20 financial year i. It is proposed to increase the rate of depreciation on life saving. Government of india income tax slab rates for ay 20042005. Rates of wealth tax assessment years 199899 to 200910 1% of the amount by which net wealth exceeds rs.
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