Our Income Tax course will teach you everything you need to know about income tax in simple terms that are easy to understand. Learn Income Tax Course We have come up with a workbook With Examples and Worksheets that explains what is Income, Income Tax slabs, Types of Income, how and ...
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 th
Tax Changes In Budget 2022 Income Tax There are no major changes in the existing taxation regime for NRIs or the taxpayers. The income tax slabs for FY 2022-23 are identical toFY 2021-22 for individualsand corporations. Surcharge On Long Term Capital Gains (LTCG) The surcharge on LTCG on ...
1) Budget 2024 Key Highlights: Income Tax Slabs Revised The revised tax slabs are said to result in ₹17,500 savings in income tax, the Finance Minister has said. Income (₹)Tax Rate 0-3 lakhNil 3-7 lakh5% 7-10 lakh10%
The corporate income tax rates for companies, and tax slabs for individuals broadly remain the same for FY 2022-2023. Companies will continue to be taxed at 30% if their total turnover (in the previous year 2020-2021) exceeds INR 4,000 mn (USD 53.5 mn approx), and at 25% if it doe...
Further, change in the income tax slabs is a major development towards making India a more consumer driven economy. It would leave more money in the hands of individuals giving them the liberty and power to decide where to spend. The new tax regime does not allow exemptions on savings like...
Higher taxes in return:When the country goes through it, increasing taxation can help it earn more revenues through direct andindirect taxes. The tax slabs are increased to increase investment returns by spotting the market value in general. ...