Income tax book for ay 2015-16 pdf

Quick excel income tax calculator for fy 201516 ay 201617. Jan 04, 2015 calculate your tax based on the tax slabs for year 2014 2015. From ay 201516, the taxpayers are not necessarily required to send copy of itrv to income tax cpc office. Instructions to form itr6 ay 201516 page 1 of 12 instructions for filling out form itr6 these instructions are guidelines for filling the particulars in this return form. Income tax slab rates for financial year 201516 assessment year201617. P a g e 1 of 21 a step by step guide to filing your income tax returns online smitha hari executive summary. In case fedex do not service your pin code, your order shall be serviced by overnight express.

Form 16 format 201516 excel, make pdf income tax caclubindia. The income tax department has released the new itr forms applicable for ay 201617. Surcharge and education cess see note income tax slab rates 201718 pdf download. The amount of rebate is 100 per cent of incometax or rs. This is a short 43 slide power point presentation in pdf which covers all the tax saving sections and investments applicable for tax payers. Finance minister has presented budget 2015 16 on 2802 2015. Get the latest income tax laws, income tax act, tax exemptions, tax deductions, etc only five documents can be opened in tabs. Download income tax form 16 certificate of tax deducted at source tds in excel auto format for financial year 201415 assessment year 201516. Filing income tax returns online has been possible for many years. Income tax rates for ay 201516 financial year 201415 january 4, 2015 by admin. In previous article we have given what is taxable income and pan card changes w. Download form 16 format 201516 excel, make pdf file in. Gross total income of r for assessment year 201516 is rs. Detailed split for general, women, senior citizen etc are provided.

Jan 01, 2018 online shopping from a great selection at books store. Calculation of income tax for salaried employees bnn lakshmaji rao, assistant accounts officer, dr. Income tax department has extend the due date for filing income tax return and tax audit report all over india from 30. Apr 08, 2015 download tax planning ebook for fy 2015 16 ay 201617 2. In exercise of the powers conferred by section 295 of the income tax act, 1961 43 of 1961, the central board of direct taxes hereby makes the following rules further to amend the income tax rules, 1962, namely. Click here for income tax rates for assessment year 201516.

Failure to pay tax to the credit of central government. My question is that this arrear should not be added in previous year. A step by step guide to filing your income tax returns online. We have to comply with various acts, laws, rules and regulations in a normal course of business such as income tax, companies act 20, service tax, limited liability partnership regulations, partnership act, wealth tax, value added tax vat, xbrl etc. Income tax manual part 1 the income tax ordinance, 1984 xxxvi of 1984 as amended up to july, 2014 i contents sections page long title 1 preamble 1 chapter 1. Instructions to form itr6 ay 201516 income tax department. The solidarity contribution has been extended for 201516 with increased rate. 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. Income tax rate for last 15 years for individual, huf, aop and boi last updated on june 3, 2014 by editorial staff income tax rate is a percentage specified in the finance bill. If, however, the book value of the assets of the company or entity on. Penalty on late filing of income tax return ay 201516 and fy 201415 update. Companies the rates of incometax in the case of companies will continue to be 30% as specified for the assessment year 201516.

Companies the rates of income tax in the case of companies will continue to be 30% as specified for the assessment year 2015 16. Complete details of tds rate changes for financial year 201516 tcs rate changes, due date to deposit tds, due date for form 16, due date for form 16a, due date for etds. This section can help you to plan your salary components in case your company offers such facility. Download tax planning ebook for fy 201516 ay 201617 2. Income tax act, 1961 as amended by finance act 2019 2018 2017 2016 2015 2014 20 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961. Online shopping from a great selection at books store. General income tax and benefit guide 2015 government of canada. Taxable income means income calculated under the provisions of the income tax act. Income tax slabs income tax rates fy 201415 av 201516. There has been no change in the tax rates, basic income tax exemption limit or tax slabs for individuals, huf, aop and boi, the income tax slabs and rates for fy 2015 16 or ay 201617 are as under. 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.

Compendium of advance rulings on income tax with commentary dr. 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. Downloads income tax returns income tax department. Salary from more than one employer if pan is not furnished. This is in line with the recent changes made in the tax return forms itrs last year i. This return form is applicable for assessment year 201920 only, i.

Income tax oincome tax is a tax on yearly taxable income of a person levied by the central government at prescribed rates. This incometax ready reckoner is based on the directtax laws as amended by the finance no. It is a mechanism wherein a person responsible to pay a sum of specified nature. Abcaus excel based auto fill form 16 for ay 201516 fy 201415 is very simple and user friendly. New income tax return form for ay 201516 itr3, itr4, itr5, itr6 and itr7 has been notified by cbdt vide notification no. 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.

My next question is that how should be calculated the income tax for current year. Income tax rates for fy financial year 201415 ay assessment year 201516 final,for individuals,men, women, senior citizens, hufs and other categories surcharge. Income tax department has notified the itr form ay 201516 but after representation from public against the new columns and information in new forms now new. Income tax is levied on different sources of incomes like salaries, investment, interest etc. The national board of revenue nbr is the apex authority for tax administration in bangladesh. Subordination and control of income tax authorities. This sars pocket tax guide has been developed to provide a. Rates of incometax, surcharge and additional surcharge. Today we are providing complete notes on income under head salary. Ay 20 a return of income in for assessmentyear201516, having thefollowingparticulars name permanent account number income tax wardcircle name of premisesbuildingvillage received with thanks from itrno. May 31, 2015 so now due date for nonaudit case also salaried employee covered, is 31. All the tax payers are required to file their return by march 31 of every. May 23, 2017 income tax ready reckoner ay 2015 16 pdf free download income tax ready reckoner ay 2016 17. Instructions to form itr6 ay 2015 16 page 1 of 12 instructions for filling out form itr6 these instructions are guidelines for filling the particulars in this return form.

Taxation trends in the european union european commission. As per section 80u of income tax act 1961, a foreign citizen who is resident in india during the financial year can also claim this income tax benefit for his physical disability. Restrict cash transactions which results disallowances of expenses or deduction under chapter via of. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Minimum alternative tax mat for domestic companies for domestic companies rates of income tax for f. Due date to file income tax return assessment year 201516. Jun 03, 2014 income tax rate for last 15 years for individual, huf, aop and boi last updated on june 3, 2014 by editorial staff income tax rate is a percentage specified in the finance bill as a rate to be charged on the taxable income of financial year to which the finance bill is relevant.

Buy online income tax, gst, company law, insolvency. Book profit for the purpose of computation of remuneration. Jul 11, 2014 rs,my taxable income for fy 201415 was rs 3894. Income tax department has extend the due date for filing income tax return and tax audit. Income tax return statistics assessment year 201516 version 1. Income tax books on law and business in india jain book agency, delhi based book store for all your books related needs. It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Income tax slab rates 201718 pdf download ay 201819.

Aadhaar number and passport number is now mandatory. We have to comply with various acts, laws, rules and regulations in a normal course of business such as income tax, companies act 20, service. Income tax rates for ay 201516 financial year 201415. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 2015 16 for last fy 201415. Due date of filing income tax return for the ay 2015. Cbdt has issued circularorder on extension of due date of filing of income tax return ay 2015 16 dated 10. I got promotion from 1st jan 2014 and received the pay arrears rs 104474in fy 201516 for.

It is mandatory for the taxpayer to mention his bank account details irrespective of whether any income tax refund is due to him or not. Revised incometax exemption limit fy201516 individual budget. With the help of quick excel income tax calculator for fy 201516 ay 201617 you can easily compute tax. Mar 15, 2019 quick excel income tax calculator for fy 2015 16 ay 201617. Union budget 201516 and 201415 have not altered the rebate available under section 87a for fy 201516, 201415 or ay 201617, 201516 meaning thereby that effectively there will be no. Now my total income is rs 591684 including the arrears. Download complete tax planning guide in pdf for salaried.

Calculate your tax based on the tax slabs for year 20142015. The income tax slabs for ay 201617 and ay 201718 have been mentioned here income tax slab rates. Apr 17, 2015 penalty on late filing of income tax return ay 2015 16 and fy 201415 update. Davenport university federal taxation i acct 315715. As the financial year is coming to an end, just a few days are left to file your income tax return as well. By law, taxpayers must file an income tax return annually to determine their tax obligations. Availabilityincome tax rebate section 87a fy 201415 ay. The amount of incometax shall be increased by a surcharge at the rate of 10% of such tax, where total income between 50 lakhs and one crore rupees above 1 crore 15% surcharge.

With the help of quick excel income tax calculator for fy 2015 16 ay 201617 you can easily compute tax liability for an individual. Carbon tax repeal and 201516 tax cut reversal in detail. In your forms book you will find a copy of the return and schedules needed to calculate. Finance bill 2014 has increased income tax exemption limit by rs. Hdfc, sbi, icici, citi, sc, axis, yes, amex, indusind, kotak.

The effects of restrictions under provisions of income tax act are as follows. Income tax slab rates for last 25 years in india 199293. It is deductible from incometax before calculating education cess. We are releasing the ebook on tax planning which tells you how to save income tax for fy 201819 ay 201920 for both salaried and professionals. 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. Income tax calculator fy 201415 ay 201516 in excel format auto income tax calculator f. Excel tds form16 automatic certificateay 201516 download. April, 1965, and any subsequent assessment year means incometax chargeable. Download income tax form 16 certificate of tax deducted at source tds in excel auto format for financial year 201415 assessment year 2015 16. Income tax rate for last 15 years for individual, huf, aop. Introduction of a reduced vat rate on audio books, books and.

Tax on a specific retirement fund lump sum withdrawal benefit. Download income tax calculator for fy 201415 ay 201516. For individuals being a resident other than not ordinarily resident having total income upto rs. Itr 1, itr 2, itr 3, itr 4, itr 4s, itr 5, itr 6 which are used for. 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. Health and education cess is levied at the rate of 4% on the amount of income tax plus surcharge. Income tax slab rates for financial year 201516 assessment. In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the income tax rules, 1962. Income taxes are a source of revenue for governments. 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 slab rates for last 25 years in india 199293 to. Income tax rate for last 15 years for individual, huf. If you continue, tabs opened first shall be closed.