Income Tax Rates articles

How Domestic Company can file Form 10-IC for opting concessional rate

FAQs on How Domestic Company can file Form 10-IC for opting concessional rate Q.1 Is it mandatory for all applicable taxpayers (Domestic Companies) to file Form 10-IC? Ans. No. This is optional. Form 10-IC is required to filed only if a Domestic Company chooses to pay tax at concessional rate of 22% under Section 115BAA […]...

Read More
Posted Under: Income Tax |

Income Tax Rates for Financial Year 2019-20 and 2020-21

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 More
Posted Under: Income Tax | ,

New Vs Old Tax Regime: What should you choose?

As per the demand of large taxpayers the finance minister Smt. Nirmala Sitharaman has brought the concept of new tax regime in the budget 2020. The finance minister gave taxpayers a choice between the new tax regime and existing one. In the new tax regime tax rates are lower as compared to old tax regime. […]...

Read More
Posted Under: Income Tax |

Various Threshold Limits under Income Tax Act

In Respect of exemptions, deduction etc Income Tax imposes various threshold limit. Like in respect of Tax Rates or in respect of deduction under section 80C, 80D, 80U etc. Some of the Popular Limits are Tax Rates , Conveyance Allowance, HRA, Home Loan Interest, Deduction Under Section 80C, Leave Encashment, Gratuity, Medical ...

Read More
Posted Under: Income Tax |

Countrywise Withholding Tax rates as per IT Act vis a vis Tax Treaties/DTAA

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 More
Posted Under: Income Tax |

Income Tax Rates for Financial Year 2021-22 / AY 2022-23

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...

Read More
Posted Under: Income Tax | ,

Making the Right Choice between New Tax Regime Vs. Old Tax Regime for FY 2020-21

The concept of OLD Vs New Tax regime = a dual tax regime was introduced by Finance Act-2020 for FY 2020-21. For FY 2020-21 corresponding to AY 2021-22, there are a Dual Tax regime as discussed in the one of article shared with you for TAX SAVINGS TIPS. Link is given below : – https://taxguru.in/income-tax/income-tax-savings-tips-hel...

Read More
Posted Under: Income Tax |

Income Tax Slab rates for Individuals for FY 2020-21

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 […]...

Read More
Posted Under: Income Tax |

Income tax Slab Rate For Financial Year 2020-21

Article compiles Income Tax Slab Rate For Financial Year 2020-21 ( A.Y.- 2021-22) for Individual and HUF as per Old Regime and as per new Regime. It further compiles Tax Rates for Co-Operative Society, Co-Operative Society, Domestic Company, Foreign Company, AOP/BOI or Every Artificial Judicial Person for Financial Year 2020-21. Income Ta...

Read More
Posted Under: Income Tax |

Income Tax Rate for AY 2021-22 (Individual, HUF, AOP, BOI, AJP & Firms)

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 […]...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (5,722)
Company Law (7,656)
Custom Duty (8,711)
DGFT (4,622)
Excise Duty (4,527)
Fema / RBI (4,813)
Finance (5,179)
Income Tax (38,404)
SEBI (4,131)
Service Tax (3,777)

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930