Nandhakumar & Sundaran
Chartered Accountants
  • Tax - Ind/HUF
  • Tax - Others
  • TDS Rates
  • Due Dates
  • Compliance Co.,
Tax - Ind/HUF

IND/HUF/AOP/BOI

Assessment Year ->

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

Basic Exemption – General

1,50,000

1,60,000

1,60,000

1,80,000

2,00,000

2,00,000

2,50,000

2,50,000

2,50,000

2,50,000

Basic Exemption – Super Senior Citizen (above 80 years)

--

--

--

5,00,000

5,00,000

5,00,000

5,00,000

5,00,000

5,00,000

5,00,000

Basic Exemption – Senior Citizen (above 60 years after 31.03.11 below 80 years)

2,25,000

2,40,000

2,40,000

2,50,000

2,50,000

2,50,000

3,00,000

3,00,000

3,00,000

3,00,000

Basic Exemption – Resident Woman (below 60 years after 31.03.11 65 years)

1,80,000

1,90,000

1,90,000

1,90,000

2,00,000

2,00,000

2,50,000

2,50,000

2,50,000

2,50,000

Next Re.0

Upto

Rs.3,00,000

10 %

10 %

10 %

10 %

10 %

10 %

10%

10 %

5 %

5 %

Next Rs.2,00,000

Upto

Rs.5,00,000

20 %

20 %

10 %

10 %

10 %

10 %

10%

10 %

5 %

5 %

Next Rs.3,00,000

Upto

Rs.8,00,000

30 %

30 %

20 %

20 %

20 %

20 %

20%

20 %

20 %

20 %

Next Rs.2,00,000

Upto

Rs.10,00,000

30 %

30 %

30 %

30 %

20 %

20 %

20%

20 %

20 %

20 %

Rest

Above

Rs.10,00,000

30 %

30 %

30 %

30 %

30 %

30 %

30%

30 %

30 %

30 %

Surcharge (if net income exceeds Rs.10 Lakh / Rs.1 Crore) (> Rs.50 Lakh & > Rs.100 Lakh)

10 %

--

--

--

--

10 %

10 %

12 %

10 %(15%)

10 % (15%)

Educational Cess

2 %

2 %

2 %

2 %

2 %

2 %

2 %

2 %

2 %

2 %

Secondary Educational Cess

1 %

1 %

1 %

1 %

1 %

1 %

1 %

1 %

1 %

1 %

Health Cess

--

--

--

--

--

--

--

--

--

1 %

Compulsory Tax Audit Under Section 44AB of Income Tax Act, 1961 (Turnover/Gross Receipts)

Period

Prior to 01/04/2011

01/04/2011 to 31/03/2013

01/04/2013 to 31/03/2016

01/04/2016 onwards

Business

> Rs.40 Lakhs

> Rs.60 Lakhs

> Rs.100 Lakhs

> Rs.200 Lakhs

Profession

> Rs.10 Lakhs

> Rs.15 Lakhs

> Rs.25 Lakhs

> Rs.50 Lakhs

Presumptive Basis of Taxation

Section

Business

Eligible Assessee

Min Deemed Profit

Sec 44AD

Any business (excluding business of transport) having gross turnover / receipts below Rs.200 Lakhs

Individual / HUF / Firm with resident status.

8% of gross turnover/ receipts (< 8% Compulsory Audit u/s 44AB)

Sec 44AE

Business of plying, hiring or leasing goods carriages

Assessee owns not more than 10 goods carriage at any time during the previous year

Heavy vehicle > 12 Ton Capacity Rs.5000 p.m. Others < Ton Capacity Rs.4500 p.m.

From AY 2015-15 onwards all types of goods carriages - Rs.7500 p.m.,


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Tax - Others
TDS Rates
Due Dates
Compliance Co.,