Income tax rates as per tax slabs – FY 2023-24 The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under ...
– This and more FAQs on new rates, holding period of assets answered Income Tax Refund Status For FY 2023-24: When will you get your tax refund? Here’s how to check status online, via PAN As per data available on the Income Tax website, 5.14 crore ...
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
Income Tax: Definition, Types, Rates, Forms, and Rules Last Updated -- March 5th, 2023 Income tax is a type of direct tax levied on the working citizens by the Government of India. The Income Tax Act of 1961 grants the Central Government the authority to regulate and collect such tax,...
Infrastructure Deduction Eligibility: Contractor vs Developer Status for New Airport Terminal. December 13, 2024 Case Laws Income Tax Tax tribunal allows appeal, directs reconsideration on merits over GST/CENVAT refund adjustment. ...
Income Tax Slabs and Rates in India (FY 2020-21 (AY 2021-22)) Individuals have been provided the option to decide from FY 2020-21 by Budget 2020. Moreover, they can either choose between the old regime or the new regime. Following is the list of tax slabs for all categories. Check ...
The Finance Act 2020 has introduced below new TDS sections/key amendments in TDS Sections one must be aware of: TDS DetailsSection NameTDS Rates (in %) (AY 2021-22)Remarks TDS on Salaries192New Reduced Slab rate for Salaries People introduced. One can go for old tax regime with tax deduc...
How to Calculate Tax? Easy Steps for Beginners Step #1:You must be familiar with the tax slabs and rates for the old or new regime. Example:Here, the tax slabs and rates are for individuals under the old regime. Up to 2.5 lacs:No tax ...
Income Tax Slab for New Regime (FY 2023 – 2024) Income Tax Slab Income Tax Rates Applicable for FY 2023-24 as per the new regime for HUF and all Individuals < ₹ 3,00,000 No Tax ₹ 3,00,001 to ₹ 6,00,000 5% on the income above ₹ 3,00,000 ...
“dragonhead enterprise” is given to companies meeting a certain scale of production, technology use, and management, and enables those companies to receive subsidies and tax breaks from various levels of government and confers greater legitimacy [64,66]. Other examples include the state of Uttar...