Income Tax - RESIDENTIAL STATUS OF INDIVIDUAL AND INCOME TAX RATE OF INDIVIDUAL. RESIDENTIAL STATUS OF INDIVIDUAL The Residential Status of a Individual / HUF earning income is very much relevant for determining the tax liability of such income in his/her hands. Taxability of any Income depends on the two things, i.e. Residential Status of Individual ...
Read MoreIncome Tax - TAX RATES APPLICABLE FOR CERTAIN DOMESTIC COMPANIES (SECTION.115BAA) & FOR CERTAIN NEW MANUFACTURING COMPANIES (SECTION.115BAB) key changes to corporate tax rates in the income tax act, 1961: In Brief: > Existing domestic companies have been provided an option to pay tax at a concessional @22%, > New domestic companies set up on...
Read MoreIncome Tax - In this Article we updates about the normal and Special Income tax rates applicable to different types of taxpayers for Financial Year 2019-20 and 2020-21 i.e. for assessment year 2020-21 and 2021-22. Article compiles Normal Income Tax rates for Individual & HUF, Special Income Tax Rate for Individual and HUFs, Normal Income Tax Rate ...
Read MoreIncome Tax - Different tax rates have been provided for various categories of taxpayers and for different sources of income. Individuals/HUFs/AOP/BOI are taxed as per the different slab rates. However, companies are taxed at fixed rate, except for certain specified incomes. This write-up will provide you the information on tax rates applicable to vari...
Read MoreIncome Tax - Certain income of non-resident, inter-alia, dividend, interest, royalty or fees for technical services shall be taxable as per the rates prescribed under the Income-tax Act or as per the rates prescribed under the DTAAs, whichever is more beneficial to such non-resident. ...
Read MoreIncome Tax - Income Tax Rate Slabs for Assessment year 2001-2002,2002-2003, 2003-2004, 2004-2005, 2005-2006, 2006-2007, 2007-2008, 2008-2009, 2009-2010, 2010-2011 amd A.Y. 2012-2013 for Individual, Hindu undivided Family (HUF), Women Other Than Senior Citizen. ...
Read MoreIncome Tax - Income Tax Rates (For Individuals, HUFs, Association of Persons, Body of Individuals) ASSESSMENT YEAR 2011-2012 RELEVANT TO FINANCIAL YEAR 2010-2011 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III BELOW Upto 1,60,000 – Nil 1,60,000 to 5,00,000 – 10%...
Read MoreIncome Tax - Income Tax Rates Chart (For Individuals, HUFs, Association of Persons, Body of Individuals) for A.Y. 2010-11 and F.Y. 2019-10...
Read MoreIncome Tax - Income Tax Rates Chart (For Individuals, HUFs, Association of Persons, Body of Individuals) for A.Y. 2009-10 / F.Y. 2008-09...
Read MoreIncome Tax - Income Tax Rates (For Individuals, HUFs, Association of Persons, Body of Individuals) ASSESSMENT YEAR 2008-2009 RELEVANT TO FINANCIAL YEAR 2007-2008 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Upto 1,10,000 – Nil 1,10,000 to 1,50,000 – 10% of the amount exceeding 1,10,000 1,50,000 to 2,50,000 – Rs.4,000 + 20% of ...
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