Example of calculating tax under old, new and revised new Tax regimeSome Important Points about Old and New Tax SlabsYou have to choose old or new tax slab while filing Income Tax return form but plan accordingly beforehand(if you want to save). From Apr 1 2023, Default is New Tax ...
Paying tax is inevitable, be it for an individual or a business. Tax is levied on the income earned by an individual or business after certain deductions. Due to multiple income tax slab rates combined with many tax exemptions and deductions, calculation of income tax can be a challenging tas...
Introduction: Professional Tax is the levy charged by the State Governments inIndia. Any individual earning an employment income from salary or any one practicing a profession are required to pay this professional tax. Different states have different rate and methods of levy calculation. In India, ...
Whether the Direct Tax Code will reduce the compliance burden and increase the taxpayers base is still a question. However, sources have claimed that the panel mooted 25% tax rate for all firms and changes in income tax slab for the individuals. The proposed corporate tax rate red...
Please let me know as per the client requirement deduction on "Rent Free Accommodation Tax Deduction" as per the below scenario. 1) The perquisite value shall be arrived at ax for each employee @ 7.5% of gross salary+Ex-Gratia. 2) The tax applicable based on earning shall be calculated....
Are you eligible for the tax relief? If you received at least $100, for tax year 2021, for either the Empire State child credit or the earned income credit you could be getting a check. Another consideration is, did you file on time (April18, 2022) or have a valid extension of time...
New Definition of Micro, Small and Medium Enterprises - Clarification Please refer to the circular FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22 dated June 25, 2021 on ‘New Definition of Micro, Small and Medium Enterprises’. 2. In this connection, we inform that Government of India, vide...
A new intraparticle mass transfer rate model for cyclic adsorption and desorption in a slab, cylinder or sphere is proposed on the basis of the asymptotic behaviors of the adsorption rate for short and long cycle periods. Through comparison with the exact solution and the linear driving force (...
Can we expect a change in the income tax slab during the upcoming first budget session of the Modi 2.0 government? How can I Transfer Money From SBI to foreign bank account? What amount of time is taken by e-challan to reach the bank? How do...
The company's main products include autoclaved aerated concrete slab/block production lines, large and medium-sized block forming machines, autoclaves and other pressure vessels, boilers, autoclaved sand-lime brick production lines, aerated concrete blocks, plates, ...