Get to review the history of income tax slabs in different time frames (1944-45 to 2023-24) to know the income tax rate paid by Indians since independence.
The determination of tax liability of the assessee relies on the slabs and rates for different heads. As per law, the taxpayers need to file anIncome Tax Return, depending on their income and the sources from which the income arises. After filing the ITR, the individual will get to know ...
Hence, the Assessing Officer is hereby directed to charge tax at normal rates.” 4. Similar view has again been taken in A.Y. 2017-18 in the same order. Since the facts of the instant case are identical to the facts in the cases in ITA Nos.7641 & 7643/Del/2019 cited (...