Nnnincome tax pdf 2015-16

You may click below to read pdf file of government notification on changes of service tax details for the financial year 201516. Tfn declaration form nat 3092 general tax information for the 201718 year. The following information is the extract of government notification on changes in service tax as per indian union budget 201516. Abolition of levy of wealthtax under wealthtax act, 1957 it is proposed to abolish the levy of wealth tax under the wealthtax act, 1957 with effect from the 1st april, 2016.

Comparative service tax chart with service tax rate of 14 %,14. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Cbdt has notified income tax return itr forms for ay 201516. The tax office recommends additional tax withholdings for employees who wish to avoid a tax shortfall.

I have one doubt please clarify on that, we are manufacture excise unit, now we are going to construct additional building in contract basis. 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. The more a taxpayer earns the more he should pay is the basic. Income tax return forms for assessment year 201516.

Medical aid tax credits per beneficiary first beneficiaries third and more business travel tax free up to per annum travel allowance travel allowance still taxable at log 201516 r,257 rio, 664 r23, rn. Keep social distance and utilize your time by joining ca cs cma online classes at 30% disc coupon. Income tax return form definition valid 3 12 16 corporate in e tax returns. Income tax return form 2015 16 pdf universal network. It is packed with the special additional facility to meet the requirements of ugs scale employees.

With the new income tax return forms being recently notified for assessment year 201516, filers can do an easy check of their annual tax liability on a new computerbased calculator. Tax planning guide for fy 201516 we are releasing the ebook on tax planning for fy 201516. The new itr forms 1, 2 and 4s were notified for the assessment year 201516. Now vide notification no 142015service tax dt 1952015 the increase in service tax rate is effective from 162015 and is inclusive of education cess. Comparison of income tax calculation with examples ay. Tax on presumptive basis in case of certain eligible businesses or professions to give relief to small taxpayers from the tedious job of maintenance of books of account and from getting the accounts audited, the incometax act has framed the presumptive taxation scheme under sections 44ad, section 44ada and section 44ae. Download income tax chart 201617 file in pdf format. Income tax at a glance among direct taxes, income tax is the main source of revenue.

Seeks to amend notification no 32017 integrated tax rate dated 28. The taxpayers have to correctly choose the relevant form and file the return. This excel based income tax calculator is designed to create income tax statements relating to the financial year 201516 for private and government sector employees. This is an excel utility for calculating income tax and form 16. The tables below provide all the details you need to get an idea of the increases across the different tax brackets. Income tax calculation sheet fy 201415, ay 201516 citehr.

I have prepared income tax calculation sheet of fy 201415, ay 201516 for general purpose. Incometax slab rates for individual for fy 201516 ay. Manual, part ii table name of the zone income taxcompanies income taxother than company taxes zone1, dhaka 111410101 111410111 taxes zone2, dhaka 111450101 111450111. Taxation of nonresidents revised 2018 taxation of nonresidents revised 2018 taxation of nonresidents revised 2018 taxation of nonresidents revised 2018 taxation of nonresidents revised 2018 chartered accountant ca icai chartered accountants ca icai cainindia icai announcements accounting standards ca news icai students icai members. Income tax rates for the period 1 mar 2015 to 29 feb 2016.

Changes under service tax rules as per budget 201516. Itr2 for individuals and hufs not having income from business or profession. 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 preliminay 1. Aggregator means a person, who ownsmanages a web based software application, and by means of the application and a. A super tax was levied, for tax year 2016, vide finance act 2015 fa15 for every banking company and every other company whose taxable profits exceeded rs 500 million. Income tax rates tax tables 20152016 dirmeik consulting. Income tax exemption limit for fy 201718 is up to rs. The super tax was charged in the backdrop of military operation zarb eazb for rehabilitation of temporarily displaced persons tdps. The first increase since 1995 sees personal income tax rise by one percent on annual salaries above r181 900 and the top marginal tax rate pushed up to 41%. What is the rate of service tax for 201516 and 201617. Change in abatement rate of service tax from 142016. Income tax manual part 1 national board of revenue. March 1 to 15, 2016 u taxmanns corporate professionals today u vol.

The rule 12 of the incometax rules was amended vide notification no. Service received by aggregator is brought under reverse charge mechanism. Taxation of nonresidents revised 2018 taxation of non. 2015 tax table continued if line 43 taxable income is and you are at least but less than single married filing jointly married filing sepa rately head of a house hold your tax is 3,000 3,000 3,050 303 303 303 303 3,050 3,100 308 308 308 308 3,100 3,150 3 3 3 3 3,150 3,200 318 318 318 318 3,200 3,250 323 323 323 323. Return forms for assessment year 201516 income tax. Travelling allowance is increased from rs 800month to rs 1600month from fy 201516. Section 115jb of the incometax act, 1961 special provision for payment of tax by certain companies report on applicability of minimum alternate tax mat on fiisfpis for the period prior to 142015. Income tax is imposed on the basis of ability to pay. Itr4s sugam presumptive business income tax return ay 201516. Tax treatment varies according to individual circumstances and is subject to change. Contains 2015 2016 paye, self emplyed, umbrella company and expense online calculator. Use online tax calculator to file income tax return for. There are whole lot of not so popular allowances which help you to save tax.

Normal rates of tax applicable to all individuals who are less than 60 years of age. Just fill the yellow cells and see the results at red cells. This is a short 44 slide power point presentation which gives the details of tax saving sections and investments available to individual tax payers. Income tax filing return forms for 201516 download. Tax shall be deposited to respective account code according to the following table. Tax return 20142015 online submission deadline tax liability 20142015 due first payment on account 201516 due 6th april 2016 31st july 2016 second payment on account 201516 due the friendly cinch team on. S50 ri 14,800 r128,soo r23,800 r34,soo no cha e r270 m. Most of these allowances are exempted us 1014 and are detailed in rule 2bb of income tax rules. In the union budget 201516 higher rate of service tax of 14% was announced. Tax rate assessment year 201516 as per finance act, 2015. Service tax rates have changed from time to time as shown below period rate of service tax till 31 may 2015 12. Income tax rates for financial year 201617 taxmann. W ealth tax return upto fy12form bars 50 lac wef fy 1617 e4.