Tag: income tax slab rates

Advance Tax Payment: Due Dates and Interest on Late Payment

If the Income Tax Liability of any taxpayer is more than Rs. 10,000 in a financial year, then he is liable to pay such tax in installments during the year...

Surcharge on Income Tax – Latest Rates (with Examples)

in Income Tax

Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. Different...

Income Tax Slab Rates for 2018-19 & 2019-20 in India – Updated

in Income Tax

Budget 2019 Update: There is no change in the Income Tax Slabs for the Financial Year 2019-20 and the Income Tax Slabs which were applicable for Financial Year 2018-19 would...

ITR Form: Which Income Tax Form should you submit in 2016?

in Income Tax

ITR Form have been released by the Income Tax Department for Financial Year 2015-16 i.e. Assessment Year 2016-17. There are different ITR Forms (Income Tax Forms) for Different categories of...

Rounding off in Income Tax – Section 288A & 288B

in Income Tax

For the purpose of simplicity and to facilitate easy payment of taxes, the income tax act suggests rounding off of income and the income tax payable thereon. The Rounding off...

Budget 2013: Tax Impact of Budget on Common Man in India

in Income Tax

The Indian Finance Minister P. Chidambaram presented the India Budget 2013 on 28th February 2013 and the following are the major tax changes that would impact the Indian Common Man:-...

income tax slab rates – Chartered Club