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	<title>TaxGuru &#187; marginal rate</title>
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	<link>http://taxguru.in</link>
	<description>Complete Tax Solution</description>
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		<title>FM likely to retain EET (exempt-exempt-tax) principle proposed in the Direct Tax Code</title>
		<link>http://taxguru.in/income-tax/fm-likely-to-retain-eet-exempt-exempt-tax-principle-proposed-in-the-direct-tax-code.html</link>
		<comments>http://taxguru.in/income-tax/fm-likely-to-retain-eet-exempt-exempt-tax-principle-proposed-in-the-direct-tax-code.html#comments</comments>
		<pubDate>Fri, 04 Dec 2009 02:23:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[common man]]></category>
		<category><![CDATA[Direct Tax Code]]></category>
		<category><![CDATA[disposable income]]></category>
		<category><![CDATA[draft code]]></category>
		<category><![CDATA[dtc]]></category>
		<category><![CDATA[finance ministry]]></category>
		<category><![CDATA[income bracket]]></category>
		<category><![CDATA[indian express]]></category>
		<category><![CDATA[lump sum]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[ministry officials]]></category>
		<category><![CDATA[public provident fund]]></category>
		<category><![CDATA[superannuation funds]]></category>
		<category><![CDATA[tax liability]]></category>
		<category><![CDATA[tax planners]]></category>
		<category><![CDATA[tax regime]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=16197</guid>
		<description><![CDATA[The finance ministry is likely to retain the EET (exempt-exempt-tax) principle proposed in the Direct Tax Code on the lump sum amount a salaried taxpayer will receive from his investment in savings schemes such as the Public Provident Fund and other superannuation funds. This means while the contribution and accumulation are tax-free, withdrawal will be taxed at the marginal rate of income tax.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/fm-likely-to-retain-eet-exempt-exempt-tax-principle-proposed-in-the-direct-tax-code.html/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Retirement savings will become taxable on withdrawal in new direct tax code</title>
		<link>http://taxguru.in/income-tax/retirement-savings-will-become-taxable-on-withdrawal-in-new-direct-tax-code.html</link>
		<comments>http://taxguru.in/income-tax/retirement-savings-will-become-taxable-on-withdrawal-in-new-direct-tax-code.html#comments</comments>
		<pubDate>Sun, 16 Aug 2009 06:54:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Direct Tax Code]]></category>
		<category><![CDATA[dtc]]></category>
		<category><![CDATA[government employee]]></category>
		<category><![CDATA[gratuity]]></category>
		<category><![CDATA[gross salary]]></category>
		<category><![CDATA[home loans]]></category>
		<category><![CDATA[investment instrument]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[pension system]]></category>
		<category><![CDATA[private sector employee]]></category>
		<category><![CDATA[provident funds]]></category>
		<category><![CDATA[purpose of taxation]]></category>
		<category><![CDATA[retirement fund]]></category>
		<category><![CDATA[retirement savings]]></category>
		<category><![CDATA[superannuation funds]]></category>
		<category><![CDATA[Tax Exemption]]></category>
		<category><![CDATA[tax liability]]></category>
		<category><![CDATA[taxable gross income]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=11283</guid>
		<description><![CDATA[The Direct Tax Code is a bit of a mixed bag for individuals, particularly the salaried class. Prima facie, the tax liability will reduce significantly as the draft code proposes to tax incomes up to Rs 10 lakh at 10%, that between Rs 10 lakh and Rs 25 lakh at 20% and sum in excess [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Direct Tax code will benefit more to people in higher income group</title>
		<link>http://taxguru.in/income-tax/direct-tax-code-will-benefit-more-to-people-in-higher-income-group.html</link>
		<comments>http://taxguru.in/income-tax/direct-tax-code-will-benefit-more-to-people-in-higher-income-group.html#comments</comments>
		<pubDate>Fri, 14 Aug 2009 02:38:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[capital losses]]></category>
		<category><![CDATA[deductible amount]]></category>
		<category><![CDATA[education loans]]></category>
		<category><![CDATA[fixed deposits]]></category>
		<category><![CDATA[housing loans]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[long term capital gains]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[pranab mukherjee]]></category>
		<category><![CDATA[provident funds]]></category>
		<category><![CDATA[senior citizens]]></category>
		<category><![CDATA[stock investors]]></category>
		<category><![CDATA[tax regime]]></category>
		<category><![CDATA[transaction tax]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=11213</guid>
		<description><![CDATA[From April 1, 2011, finance minister Pranab Mukherjee has proposed to simplify the income-tax regime by reducing the tax rates on incomes above Rs1.6 lakh per annum (Rs1.9 lakh for women, and Rs2.4 lakh for senior citizens), but the reduced rates will come with few of the current exemptions.Tax rates will be 10% for incomes [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Returns from annuity plans may not be taxed fully</title>
		<link>http://taxguru.in/income-tax/returns-from-annuity-plans-may-not-be-taxed-fully.html</link>
		<comments>http://taxguru.in/income-tax/returns-from-annuity-plans-may-not-be-taxed-fully.html#comments</comments>
		<pubDate>Fri, 05 Jun 2009 19:15:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[annuities]]></category>
		<category><![CDATA[annuity plan]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Deduction]]></category>
		<category><![CDATA[infrastructure investments]]></category>
		<category><![CDATA[insurance firm]]></category>
		<category><![CDATA[insurance regulator]]></category>
		<category><![CDATA[insurance regulatory development authority]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[private insurance company]]></category>
		<category><![CDATA[retirement]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=8954</guid>
		<description><![CDATA[Individuals, who invest their savings in annuity plans offered by insurance firm, could see a drop in their tax burden. Insurance regulator IRDA is in talks with the government to make annuity-plans more tax-efficient. If the proposal is accepted in the coming budget, it will augment returns for retired employees and help insurers market these [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Section 164 attracted when the shares of beneficiaries are unknown</title>
		<link>http://taxguru.in/general-info/section-164-attracted-when-the-shares-of-beneficiaries-are-unknown.html</link>
		<comments>http://taxguru.in/general-info/section-164-attracted-when-the-shares-of-beneficiaries-are-unknown.html#comments</comments>
		<pubDate>Mon, 25 May 2009 17:17:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[General Info]]></category>
		<category><![CDATA[beneficiaries]]></category>
		<category><![CDATA[beneficiary]]></category>
		<category><![CDATA[benefit]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[heading]]></category>
		<category><![CDATA[high court of madras]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[marriage]]></category>
		<category><![CDATA[paragraph 17]]></category>
		<category><![CDATA[relevant income]]></category>
		<category><![CDATA[sekar]]></category>
		<category><![CDATA[Trust Deed]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=8591</guid>
		<description><![CDATA[SUMMARY OF CASE LAW Section 164 gets attracted only when the shares of the beneficiaries are unknown, which is manifest from the marginal heading of that section itself; so long as the trust deed gives the details of the beneficiaries and the description of the person who is to be benefited, the beneficiaries cannot be [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Higher TDS IF PAN no. Not disclosed to deductor</title>
		<link>http://taxguru.in/income-tax/higher-tds-if-pan-no-not-dislosed-to-deductor.html</link>
		<comments>http://taxguru.in/income-tax/higher-tds-if-pan-no-not-dislosed-to-deductor.html#comments</comments>
		<pubDate>Wed, 23 Jul 2008 06:06:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[education cess]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[PAN]]></category>
		<category><![CDATA[pan number]]></category>
		<category><![CDATA[Refund]]></category>
		<category><![CDATA[revenue collections]]></category>
		<category><![CDATA[surcharge]]></category>
		<category><![CDATA[tax deducted at source]]></category>
		<category><![CDATA[tax refunds]]></category>
		<category><![CDATA[tax return]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2008/07/23/higher-tds-if-pan-no-not-dislosed-to-deductor/</guid>
		<description><![CDATA[Companies and individuals who do not reveal their Permanent Account Number (PAN) while receiving income from any source will be liable to pay tax deducted at source (TDS) at the maximum marginal rate of 30 per cent (plus surcharge and education cess). Under the Income Tax Act, 1961, any income payable to the assessee is liable for TDS by the person or entity making the payment. TDS rate ranges from 1 per cent to 30 per cent depending on the nature of income. The Central Board of Direct Taxes is considering changes to the Act to this effect.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>If in law income has to be taxed in hands of AOP</title>
		<link>http://taxguru.in/income-tax-case-laws/if-in-law-income-has-to-be-taxed-in-hands-of-aop.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/if-in-law-income-has-to-be-taxed-in-hands-of-aop.html#comments</comments>
		<pubDate>Mon, 24 Dec 2007 05:51:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[AOP]]></category>
		<category><![CDATA[joint venture agreement]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[net profit]]></category>
		<category><![CDATA[taxman]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2007/12/24/if-in-law-income-has-to-be-taxed-in-hands-of-aop/</guid>
		<description><![CDATA[If in law income has to be taxed in hands of AOP, it has to be taxed as such, and mere fact that the income is taxed in hands of individual members of AOP, does not bar Assessing Officer from taxing AOP-ITAT . In a recent case of Pradeep Agencies-v.- Income-tax Officer Delhi Tribunal held that even if the income is taxed in hands of individual members of AOP, does not bar Assessing Officer from taxing AOP. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Board circulars are binding on the Department, even if they are wrong or against decisions of the Supreme Court</title>
		<link>http://taxguru.in/income-tax/board-circular-issued-prior-to-amendment-of-income-tax-act-and-sc-ruling-not-binding-itat-special-bench.html</link>
		<comments>http://taxguru.in/income-tax/board-circular-issued-prior-to-amendment-of-income-tax-act-and-sc-ruling-not-binding-itat-special-bench.html#comments</comments>
		<pubDate>Wed, 10 Oct 2007 02:10:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[apex]]></category>
		<category><![CDATA[Assessment]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[Deduction]]></category>
		<category><![CDATA[DEEDS]]></category>
		<category><![CDATA[department]]></category>
		<category><![CDATA[establishments]]></category>
		<category><![CDATA[Excise]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[Income Tax Notifications]]></category>
		<category><![CDATA[itat]]></category>
		<category><![CDATA[marginal rate]]></category>
		<category><![CDATA[Shares]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2007/10/10/board-circular-issued-prior-to-amendment-of-income-tax-act-and-sc-ruling-not-binding-itat-special-bench/</guid>
		<description><![CDATA[IT is now an axiomatic law that Board circulars are binding on the Department, even if they are wrong or against decisions of the Supreme Court. But our Boards do not have the habit of tracking down the multitude of circulars they issue and considering whether they are relevant after the Law has been amended and the Apex Court had already ruled on the issue. In the Dhiren Chemicals case (2002-TIOL-83- SC-CX), the Supreme Court had held that if there was a Board Circular which was not in tune with the views of the Supreme Court, the Board Circular would prevail. The whole idea is that the Department should not be seen arguing that the Board was wrong - even if it is wrong, the Departmental officers should be bound by it.]]></description>
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