Webb15 feb. 2024 · A who is resident in India has income of ₹ 4,50,000/- in FY 2016-17 i.e. AY 2024-18. His age is below 60 years. His Tax will be calculated as-His Income = ₹ … WebbCompanies AY 2015-16 and 2016-17 AY 2015-16 AY 2016-17 AY 2015-16 AY 2016-17 Domestic Company Nil 5 7 10 12 Foreign Company Nil 2 2 5 5 10 Calculation of surcharge on income tax. If the Net Income is less than one crore ; Net Income Value 97,00,000 Total Tax payable as per Income Tax Slab Rates 2740000 Applicability of Surcharge No …
Income Tax Calculator - PowerPoint PPT Presentation - PowerShow
Webb3 feb. 2024 · A resident Individual whose Taxable Income does not exceed Rs. 3,50,000 (after deductions), is eligible for rebate of 100 % of Income-tax or Rs.2,500, whichever is lower. Rebate has been reduced from Rs.5000 to Rs.2500 from AY 2024-19. Surcharge on Income-tax Rate of Surcharge applicable on Individual is as under: Webb9 okt. 2024 · Here are the income tax slab rates for the Financial Year 2016-17 (relevant to Assessment Year 2024-18) Income Tax Slab for Individual Tax Payers & HUF (Less than 60 Years)– Part A Surcharge: 15% of income tax, where total income exceeds INR 1 crore. Higher education and secondary cess: 3% of Income Tax. comfy soft full coverage wireless bra
Income Tax Slabs and Rates for NRIs for FY 2016-17 & AY 2024-18
Webb386 March 1 To 15, 2016 u Taxmann’s Corporate Professionals Today u Vol. 35 u 8 Note: Relief under section 87A is available to a resident individual if his total income does not exceed ` 5,00,000. The relief available shall be 100% of income-tax or 5,000 whichever ` is less. Co-operative Society: Income Slabs Tax Rates 1. WebbLocal Authority - Income tax Rates for Financial Year 2016-17 Income Tax : 30% of Taxable Income Surcharge : 12% of the Income Tax, where taxable income is more than Rs. 1 crore Education Cess: 3% of the total of Income Tax and Surcharge. VIII. Domestic Company - Income Tax Rate for Financial Year 2016-17 Turnover upto Rs. 5 Crores comfy soft lightweight tshirts