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Due Date for statutory payment/Return for F.Y.2012-13 ( A.Y.2013-14)
TDS rates for Financial Year (F.Y.)2012-13 (AY 2013-14)
Income Tax Rates for Financial Year (FY) 2012-13 Assessment year (AY) 2013-14
Income Tax Rates for the F.Y. 2011-12 (A.Y.2012-2013)
TDS rates for financial year 2011-12 (AY 2012-13)
Income Tax Rates for the F.Y. 2010-11 (A.Y.2011-2012)
Due Date for statutory payment/Return for F.Y.2011-12
Due Date for statutory payment/Return for F.Y.2012-13 ( A.Y.2013-14)
Sr.No. | Nature of Payments | Period | Due Date of Payment | Due Date of Submission of Return |
---|---|---|---|---|
i. | TDS | Deducted during the month From April to February | 7th of Next Month | 15th of next month after completion of each Qtr |
ii. | TDS | Deducted from during the month of March | On or before 30th April | 15th May |
iii. | Excise | For All Assesses except SSI & If Period of Removal of Goods is from April to February | 5th of Next Month | 10th of Next Month |
iv. | Excise | For All Assesses except SSI & If Period of Removal of Goods is in the month of March | 31st March | 10th of Next Month |
v. | Excise | For SSI & If Period of Removal of Goods is from April to February | 5th of Next Month | 10th of Next Month |
vi. | Excise | For SSI & If Period of Removal of Goods is in the month of March | 31st March | 10th of Next Month |
vii. | Service Tax | If Service tax charged on revenue from April to February | 5th of Next Month (For e-payment 6th of Next Month) | Half year ended on 30th Sep, return to be filed by 25th October |
viii. | Service Tax | If Service tax charged on revenue in the month of March | 31st March | Half year ended on 31st March, return to be filed by 25th April |
ix. | Provident Fund | Monthly | 15th of Next Month | 21th of Next month |
x. | Employees’ State Insurance | Monthly | 21st of Next Month | Half year ended on 30th September, return to be filed by 11th November |
xi. | Employees’ State Insurance | Monthly | 21st of Next Month | Half year ended on 31st March, return to be filed by 12st May |
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TDS rates for Financial Year (FY) 2012-13 (AY 2013-14)
Sr.No. | Sections | Nature of payments | Threshold limit in Rs. | Threshold limit in Rs. | Rates % for Individual/HUF | Rates % for Others |
---|---|---|---|---|---|---|
w.e.f.1st Apr,2012 | w.e.f.1st Jul,2012 | |||||
01 | 192 | Income from Salary | Salary income exceed exemption limit of IT (Taxable Income) | Salary income exceed exemption limit of IT (Taxable Income) | Avg rate | - |
02 | 193 | Interest(Int.) on Debenture | 2,500 | 5,000 | 10% | 10% |
03 | 194A | Int. other than Int. on securities payable by bank | 10,000 | 10,000 | 10% | 10% |
04 | 194A | Int. other than Int. on securities payable by Others | 5,000 | 5,000 | 10% | 10% |
05 | 194B | Wining from Lottery /Crossword Puzzles | 10,000 | 10,000 | 30% | 30% |
06 | 194BB | Wining from Horse Races | 5,000 | 5,000 | 30% | 30% |
07 | 194C | Payments to contractors for single transaction | 30,000 | 30,000 | 2% | 1% |
08 | 194C | Payments to Sub contractors/Advertisements | 30,000 | 30,000 | 1% | 1% |
09 | 194C | Payments to contractors for aggregate transactions during FY | 75,000 | 75,000 | 2% | 1% |
10 | 194D | Insurances commission | 20,000 | 20,000 | 10% | 10% |
11 | 194EE | Payment out of deposit under NSS | 2,500 | 2,500 | 20% | - |
12 | 194 F | Repurchase of unit by Mutual Fund/UTI | 1,000 | 1,000 | 20% | 20% |
13 | 194 G | Commission on sale of lottery ticket | 1,000 | 1,000 | 10% | 10% |
14 | 194 H | Commission or Brokerage | 5,000 | 5,000 | 10% | 10% |
15 | 194I | Rent on Plant and Machinery(P&M),Equipment,Furniture,Fittings) | 1,80,000 | 1,80,000 | 2% | 2% |
16 | 194 I | Rent other than P&M,Equipments,Furnitures & Fittings | 1,80,000 | 1,80,000 | 10% | 10% |
17 | 194J | Professional and Technical fees | 30,000 | 30,000 | 10% | 10% |
18 | 194J | Any remunerations or commissions paid to director/s of the company | N.A. | - | 10% | 10% |
19 | 194LA | Compensations on acquisition of immovable property | 1,00,000 | 2,00,000 | 10% | 10% |
20 | 194LLA | Payments on transfer of certain immovable property/ies other than agriculture land (w.e.f 1st Oct,2012) | Rs. 50 Lacs in case property is in a specified urban agglomeration/area, Rs.20 Lacs in case of Property is in any other area. | 1% | 1% |
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Income Tax Rates for Financial Year (FY) 2012-13 Assessment year (AY) 2013-14
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Income Tax Rates for the F.Y. 2011-12 (A.Y.2012-2013)
For Individual
Resident – Very Senior Citizen (age 80 years or more)
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 5,00,000 | NIL |
ii | 5,00,001 to 8,00,000 | 20% |
iii | Above 8,00,000 | 30% |
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 2,50,000 | NIL |
ii | 2,50,001 to 5,00,000 | 10% |
iii | 5,00,001 to 8,00,000 | 20% |
iv | Above 8,00,000 | 30% |
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 1,90,000 | NIL |
ii | 1,90,001 to 5,00,000 | 10% |
iii | 5,00,001 to 8,00,000 | 20% |
iv | Above 8,00,000 | 30% |
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 1,80,000 | NIL |
ii | 1,80,001 to 5,00,000 | 10% |
iii | 5,00,001 to 8,00,000 | 20% |
iv | Above 8,00,000 | 30% |
Note: Education cess @ 2% and Secondary & Higher Education cess @ 1% on Income tax will be applicable
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TDS rates for financial year 2011-12 (AY 2012-13)
Sr.No. | Sections | Nature of payments | Threshold limit in Rs. | Rates % for Individual/HUF | Rates % for Others |
---|---|---|---|---|---|
i. | 194A | Interest other than Interest on securities payable by bank | Rs.10,000 | 10 % | 10 % |
ii. | 194A | Interest other than Interest on securities payable by Others | Rs.5,000 | 10 % | 10 % |
iii. | 194B | Wining from Lottery /Crossword Puzzles | Rs.10,000 | 30 % | 30 % |
iv. | 194C | Payments to contractors for single transaction | Rs.30,000 | 2 % | 1 % |
v. | 194C | Payments to contractors for aggregate transactions during FY | Rs.75,000 | 2 % | 1 % |
vi. | 194D | Insurance commission | Rs.20,000 | 10% | 10 % |
vii. | 194H | Commission or Brokerage | Rs.5,000 | 10% | 10 % |
viii. | 194I | Rent on Plant and Machinery | Rs.1,80,000 | 2% | 2 % |
ix. | 194 I | Rent other than Plant and Machinery | Rs.1,80,000 | 10% | 10 % |
x. | 194J | Professional and Technical fees | Rs.30,000 | 10% | 10 % |
Note: Incase payee has no PAN or Invalid PAN, TDS has to be deducted @ 20% or actual rates whichever is higher.
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Income Tax Rates for the F.Y. 2010-11 (A.Y.2011-2012)
For Individual
A. Resident – Senior Citizen (age 60 years or more)
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 2,40,000 | NIL |
ii | 2,40,001 to 5,00,000 | 10% |
iii | 5,00,001 to 8,00,000 | 20% |
iv | Above 8,00,000 | 30% |
B. Resident – Women (other than senior citizen)
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 1,90,000 | NIL |
ii | 1,90,001 to 5,00,000 | 10% |
iii | 5,00,001 to 8,00,000 | 20% |
iv | Above 8,00,000 | 30% |
C. Others (Not covered in A&B above)
Sr.No. | Taxable Income (in INR) | Tax (%) |
---|---|---|
i | Up to 1,60,000 | NIL |
ii | 1,60,001 to 5,00,000 | 10% |
iii | 5,00,001 to 8,00,000 | 20% |
iv | Above 8,00,000 | 30% |
Note: Education cess @ 2% and Secondary & Higher Education cess @ 1% on Income tax will be applicable
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Due Date for statutory payment/Return for F.Y.2011-12
Sr.No. | Nature of Payments | Period | Due Date of Payment | Due Date of Submission of Return |
---|---|---|---|---|
i. | TDS | Deducted during the month From April to February | 7th of Next Month | 15th of next month after completion of each Qtr |
ii. | TDS | Deducted from during the month of March | On or before 30th April | 15th May |
iii. | Excise | For All Assesses except SSI & If Period of Removal of Goods is from April to February | 5th of Next Month | 10th of Next Month |
iv. | Excise | For All Assesses except SSI & If Period of Removal of Goods is in the month of March | 31st March | 10th of Next Month |
v. | Excise | For SSI & If Period of Removal of Goods is from April to February | 5th of Next Month | 10th of Next Month |
vi. | Excise | For SSI & If Period of Removal of Goods is in the month of March | 31st March | 10th of Next Month |
vii. | Service Tax | If Service tax charged on revenue from April to February | 5th of Next Month (For e-payment 6th of Next Month) | Half year ended on 30th Sep, return to be filed by 25th October |
viii. | Service Tax | If Service tax charged on revenue in the month of March | 31st March | Half year ended on 31st March, return to be filed by 25th April |
ix. | Provident Fund | Monthly | 15th of Next Month | 21th of Next month |
x. | Employees’ State Insurance | Monthly | 21st of Next Month | Half year ended on 30th September, return to be filed by 11th November |
xi. | Employees’ State Insurance | Monthly | 21st of Next Month | Half year ended on 31st March, return to be filed by 12st May |
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