The rates of income-tax as applicable for Assessment Year 2015-16 for the following category is given below:- 1) in the case of every individual below the Age of Sixty Years 2) For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March … [Read more...] about Income Tax Rates For Assessment Year 2015-16
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Benefit from the Income Tax sops announced by the Government..?
Benefit from the Income Tax sops announced by the Government..? In the 2014-15 Budget that was presented recently, it was announced that the income tax exemption slab will be being raised from Rs. 2 lakhs per annum to Rs. 2.5 lakhs. On July 10, during the parliamentary session, while presenting the budget for the year 2014-15, Finance Minister Arun Jaitley announced that … [Read more...] about Benefit from the Income Tax sops announced by the Government..?
RATES OF INCOME-TAX AS PER FINANCE ACT, 2013
RATES OF INCOME-TAX AS PER FINANCE ACT, 2013 As per the Finance Act, 2013, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2013-14 (i.e. Assessment Year 2014-15) at the following rates: 2.1 Rates of tax A. Normal Rates of tax: S. No Total Income Rate of … [Read more...] about RATES OF INCOME-TAX AS PER FINANCE ACT, 2013
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