I. Income Tax Slabs for Individual (Male or Female Below 60 Years Age) for Assessment Year 2020-20211. Income Tax Slab: ₹0 to ₹250,000 – Income Tax Rate Payable: Nil2. Income Tax Slab: ₹250,001 to ₹500,000 – Income Tax Rate Payable: 5%...
Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the Financial
Income Tax Slab rate Income tax is charged progressively higher based on individual earnings and hence, tax slab rates are for different categories of taxpayers. The income tax slab rates can be broadly classified as: New Income Tax Slab Rates for FY 2018-19 (AY 2019-20) Slab of Income tax...
Late Income Tax Filing Fee Details E- Filing Date Total income ₹ 5,00,000 Total income of more than ₹ 5,00,000 Before 31st July 2024 (Non-audit) and 31st Oct 2024 (Audit cases) ₹ 0 ₹ 0 After Due Date But Before 31st December ₹ 1,000 ₹ 5,000 Note: From AY 2021...
INCOME TAX Tax Dept Sets Systematic approach to verify 'high-risk' refund claims RJA 18 Oct, 2024 CBDT: Sets Systematic approach to verify 'high-risk' refund claims AY 2024-25 The Income Tax Department has introduced a systematic approach to verify 'high-risk' refund claims for the AY ...