income tax rate chart

Rates of Income Tax for FY 2021-22 (AY 2022-23) and FY 2022-23 (AY 2023-24) applicable to various categories of persons viz. Individuals, Firms, companies etc. Introduction This article summarizes Tax Rates, Surcharge, Health & Education Cess, Special rates, and rebate/relief applicable to various categories of Persons viz. Individual...

We know the budget finance bill 2022 was presented on 1st February 2022. In this budget no changes was made in income tax slabs for individuals and it remains as below: Old Regime New Regime Assessment Year 2023-24 2023-24 Basic Exemption upto Rs Rs 2,50,000 Rs 2,50,000 Tax @ 5%  Rs 2.50 lac to 5 […]...

DIRECT TAXES A. RATES OF INCOME-TAX I. Rates of income-tax in respect of income liable to tax for the assessment year 2022-23. In respect of income of all categories of assessee liable to tax for the assessment year 2022-23, the rates of income-tax have either been specified in specific sections (like section 115BAA or section […]...

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 ...

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. ...

Income Tax Rates for Financial Year (FY) 2021-22 / Assessment Year (AY) 2022-23 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...

Income Tax in India is imposed and collected by the Union Government of India. In India, tax on individual taxpayers are levied on the basis of a slab system. Slab rates are different for different categories of Income Tax taxpayers. The Income Tax Act, 1961 has divided individual taxpayers into three categories based on their […]...

Know Your Income Tax Rate – for A.Y. 2021-22 (For Individual, HUF, AOP, BOI, AJP and Firms) 1. Income Tax Slab Rate for AY 2021-22 for Individuals: 1.1 Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year or (HUF or AOP […]...

Income Tax Rates for A.Y. 2021-22 or Financial Year 2020-21 (For Company, Co-Operative Society and Local Authority) (A) COMPANY- The tax rates as applicable are as under Domestic Company Rate of Income tax [A] Company if its total turnover or gross receipt during the previous year 2018-19 does not exceed Rs. 400 crore 25% [B] […]...

Income Tax Rates For Assessment Year (AY) 2021-22/Financial Year (FY)  2020-21 as applicable to Individual (Below 60 Years of Age) or Hindu Undivided Family (HUF), For Individual (Age 60 years or more but less than 80 Years, For Individual (Age 80 years or above at any time during the previous year), For AOP/BOI (other than […]...