Income Tax Rates for 2021-22, Income Tax Rates for Fiscal Years 2020-2021 Check out the most recent Income Tax Slab rates. Learn about tax slabs for individuals, HUFs, NRIs, artificial judicial persons, and domestic and foreign corporations. Discover the most recent Income Tax slab tax rates for Fiscal Year 2020-2021. (AY 2021-2022). The income-tax slab determines how much tax you will pay. Get income tax slab rates for FY 2020-2021 & AY 2021-2022, as well as income tax deductions in India for the Fiscal Year 2020-2021 (Assessment Year 2021-2022) following the Union Budget 2021. Income Tax Slab Rates for Men, Income Tax Slab Rates for Senior Citizens, Income Tax Slab Rates for Super Senior Citizens, and so on.
Income Tax Slab Rates AY 2021-22
| Income Tax Slab | Income Tax Rate | Income Tax Slab | Income Tax Rate |
|---|---|---|---|
| Up to ₹ 2,50,000 | Nil | Up to ₹ 2,50,000 | Nil |
| ₹ 2,50,001 – ₹ 5,00,000 | 5% above ₹ 2,50,000 | ₹ 2,50,001 – ₹ 5,00,000 | 5% above ₹ 2,50,000 |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 12,500 + 20% above ₹ 5,00,000 | ₹ 5,00,001 – ₹ 7,50,000 | ₹ 12,500 + 10% above ₹ 5,00,000 |
| Above ₹ 10,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | ₹ 7,50,001 – ₹ 10,00,000 | ₹ 37,500 + 15% above ₹ 7,50,000 |
Resident senior citizen 60 years
Every resident of India who is 60 years or older but less than 80 years old at any time during the previous year. Individuals (resident or non-resident) 60 years of age or older but under 80 years of age at any time during the previous year.
| Income Tax Slab | Income Tax Rate | Income Tax Slab | Income Tax Rate |
|---|---|---|---|
| Up to ₹ 3,00,000 | Nil | Up to ₹ 2,50,000 | Nil |
| ₹ 3,00,001 – ₹ 5,00,000 | 5% above ₹ 3,00,000 | ₹ 2,50,001 – ₹ 5,00,000 | 5% above ₹ 2,50,000 |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 10,000 + 20% above ₹ 5,00,000 | ₹ 5,00,001 – ₹ 7,50,000 | ₹ 12,500 + 10% above ₹ 5,00,000 |
| Above ₹ 10,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | ₹ 7,50,001 – ₹ 10,00,000 | ₹ 37,500 + 15% above ₹ 7,50,000 |
| ₹ 10,00,001 – ₹ 12,50,000 | ₹ 75,000 + 20% above ₹ 10,00,000 | ||
| ₹ 12,50,001 – ₹ 15,00,000 | ₹ 1,25,000 + 25% above ₹ 12,50,000 | ||
| Above ₹ 15,00,000 | ₹ 1,87,500 + 30% above ₹ 15,00,000 |
10% – Taxable Income above ₹ 50 lakh – up to ₹ 1 crore
15% – Taxable Income above ₹ 1 crore – up to ₹ 2 crore
25% – Taxable Income above ₹ 2 crore – up to ₹ 5 crore
37% – Taxable Income above ₹ 5 crore
Maximum rate of Surcharge on Income by way of Dividend or Income under the provisions of Sections 111A, 112A and 115AD is 15%
The deadline for the Tax Audit is 44ab. Section 44AB extended the due date for filing income tax returns and audit reports for the fiscal year 2021-22, which were due for e-filing by October 2021. These due dates are extremely useful for tax payers and tax consultants, as well as Chartered Accountants and CA Articles. We are providing a list of important income tax deadlines. We recently added the most recent Income Tax Slab Rates for AY 2021-22 and All Years. Scroll down to see all of the due dates for the months of April, March, February, and January.
Due date for income tax extensions, The deadline for filing an income tax return, The deadline for filing your income tax return for fiscal year 2020-21 is April 15, 2019. Due date for filing income tax returns for companies for fiscal year 2020-21, Due date for filing income tax returns for individuals for fiscal year 2020-21, The deadline for filing your income tax return for fiscal year 2020-21 is April 15, 2019. The deadline for filing an income tax return has been extended. Income tax return filing deadline transfer pricing.
