Doubt regarding finance act


This query is : Resolved 

(Querist)
15 June 2015 Income earned in PY 2014-15 is taxed in AY 15-16.. Rates in which Finance act are applicable for charging income earned in PY 2014-15.. FA 2014 rates are applicable or FA 2015?? Please help me..i am very much confused..thank you

15 June 2015 for PY 2014-15 i.e., AY 2015-16 rates of Finance Act 2014 will be applicable.

For PY 2015-16 i.e., AY 2016-17 rates of Finance Act 2015 will be applicable.

lavanya (Querist)
15 June 2015 Thank you sir.
Sir for TDS on salary and advance tax relating to AY15-16 Which rates are applicable?? FA 2015 rates or FA 2014 rates

15 June 2015 For both TDS and Income Tax same Finance Act will be applicable.

15 June 2015 Yes same will b applicable for both dear


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