Nonresident individualhuf net income range income tax rates health and education cess up to rs. Income tax rates chart for individuals, hufs, association of persons, body of individuals for a. Surcharge and education cess see note income tax slab rates 201819 pdf download. The finance minister has introduced many changes in the income tax slab rate for financial year 20192020 ay 20202021. The amount of income tax shall be increased by a surcharge at the rate of 10% of such tax, where total income exceeds fifty lakh rupees but does not exceed one crore rupees. It was established by the father of the nation bangabandhu sheikh mujibur rahman under presidents order no. Income tax rates for ay 202021 get income tax slab rates for individuals, senior citizens, partnership firm, tax rates for companies, huf, aop, boi, cooperative society, etc. Select, 202021, 201920, 201819, 201718, 201617, 201516, 201415. Income tax slabs 202021 new income tax slabs, brackets. Budget 2020 new income tax rates new income tax slabs in this video, we are going to discuss new tax rates proposed by the budget 2020. The national board of revenue nbr is the apex authority for tax administration in bangladesh.
It was established by the father of the nation bangabandhu sheikh mujibur rahman under. Updated income tax slabs for individuals, huf, association of persons aop and body of individuals boi for fy 201011. The main relief to individual taxpayers is rebate us 87a of income tax act which increased the limit of rebate from rs. The finance act, 1968 amended section 1011 to provide for exemption of. Reorganizing the different income tax slabs and simplify overall tax. Budget 2020 new income tax rates new income tax slabs.
Income tax slab rates 201819 pdf download ay 201920. Income tax slabs for individuals for fy 201920 ay 202021. You have blocked the notification on recent updates. Income tax slab rates fy 202021ay 202021 aegon life. Income tax income tax rates ay 201011 fy 2009 referencer. Individuals below the age of 60 will continue to enjoy tax free income of up to. It is deductible from income tax before calculating education cess. Hdfc life provides the latest income tax slab rates and deductions in india for tax payers in different age groups.
The amount of rebate is 100 per cent of income tax or rs. These rates are applicable on individual assessee, hindu undivided family hufs,association of persons aop and body of individuals boi. Some of the highlights of income tax slab rates for fy 201920 assessment year 202021 income tax slab rates help you decide whether your income is taxable or not. Salary defined under section 171 of the income tax act as the term salary. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under.
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