What was the income tax rate in 2014?
What was the income tax rate in 2014?
Related Articles:
| Tax rate | Single filer | Married filing jointly or qualifying widow/widower |
|---|---|---|
| 10% | Up to $9,075 | Up to $18,150 |
| 15% | $9,076 to $36,900 | $18,151 to $73,800 |
| 25% | $36,901 to $89,350 | $73,801 to $148,850 |
| 28% | $89,351 to $186,350 | $148,851 to $226,850 |
What was the income tax rate in 2015?
IRS Releases the 2015 Tax Brackets
| Rate | Single Filers | Married Joint Filers |
|---|---|---|
| 10% | $0 to $9,225 | $0 to $18,450 |
| 15% | $9,225 to $37,450 | $18,450 to $74,900 |
| 25% | $37,450 to $90,750 | $74,900 to $151,200 |
| 28% | $90,750 to $189,300 | $151,200 to $230,450 |
What is the income tax slab for FY 2016 17?
| INCOME SLABS | INCOME TAX RATES |
|---|---|
| Upto Rs. 3,00,000 | NIL |
| Rs. 3,00,000 to 5,00,000 | 10% of the amount exceeding Rs.3,00,000 |
| Rs. 5,00,000 to 10,00,000 | Rs. 20,000 + 20% of the amount exceeding Rs. 5,00,000 |
| Rs. 10,00,000 & above | Rs. 1,20,000 + 30% of the amount exceeding Rs. 10,00,000 |
What was the top tax rate in 2015?
29.0 percent
Returns in the “15-percent” (ordinary income) marginal tax rate bracket made up the largest share of returns for 2015 (29.0 percent).
What were the standard deductions for 2014?
Standard Deduction: 2014
- Married Filing Joint Return:$12,400.
- Qualifying Widow(er): $12,400.
- Head of Household: $9,100.
- Single: $6,200.
- Married Filing Separately: $6,200.
- Dependents – minimum deduction: $1,000.
What is the tax slab for 2018-19?
INCOME SLAB AND TAX RATES FOR F.Y. 2018-19/A.Y. 2019-20
| Taxable income | Tax Rate |
|---|---|
| Up to Rs. 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 5% |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% |
| Above Rs. 10,00,000 | 30% |
What is the slab rate for AY 2017-18?
| INCOME SLABS | INCOME TAX RATES |
|---|---|
| Upto Rs.2,50,000 | NIL |
| Rs. 2,50,000 to 5,00,000 | 10% of the amount exceeding Rs. 2,50,000 Less: Tax Credit – 100% of income-tax or Rs. 5,000/-, whichever is less *. |
| Rs. 5,00,000 to 10,00,000 | Rs. 25,000 + 20% of the amount exceeding Rs. 5,00,000 |
What was the standard tax deduction for 2016?
$9,300
For 2016 the standard deduction for heads of household will also rise to $9,300 (up from $9,250 in 2015) but the other standard deduction amounts will remain the same: $6,300 for singles and $12,600 for married couples filing jointly. Personal exemptions will be $4,050 in 2016, up from $4,000 in 2015.
What was the standard deduction in past years?
2013 Standard Deductions
| Filing Status | Standard Deduction | Increase from Previous Year |
|---|---|---|
| Married Filing Jointly | $12,200 | 1.025% |
| Married Filing Separately | $6,100 | 1.025% |
| Dependents | $1,000 | 1.05% |
| Qualifying Widow/Widower | $12,200 | 1.025% |
What is the income tax slab?
Income Tax Slab tells the tax rate at which you have to pay tax on Income. Please note that the Income of Financial Year 2014-15 is taxable at the tax rate applicable for Assessment Year 2015-16. The Budget 2014 has changed the Income Tax slab rates slightly as compared to the income tax rates of financial year 2013-14.
Is income from financial year 2014-15 taxable in 2015-16?
Please note that the Income of Financial Year 2014-15 is taxable at the tax rate applicable for Assessment Year 2015-16. The Budget 2014 has changed the Income Tax slab rates slightly as compared to the income tax rates of financial year 2013-14.
What is the current surcharge on company tax in India?
In case of companies other than domestic companies, the existing surcharge of two per cent. shall continue to be levied if the total income exceeds one crore rupees but does not exceed ten crore rupees. The surcharge at the rate of five percent shall be levied if the total income of the company other than domestic company exceeds ten crore rupees.
What is the education tax surcharge for 2013-14?
For financial year 2013-14, additional surcharge called the “Education Cess on income-tax” and “Secondary and Higher Education Cess on income-tax” shall continue to be levied at the rate of two per cent. and one per cent. respectively, on the amount of tax computed, inclusive of surcharge (wherever applicable), in all cases.