Indian Union Budget is being declared on 28thFebruary, 2015. Indian citizens expect a hike in income tax limit from last year figure, based on inflation rate of 2014-15 and other parameters. What would be the rate of increase in limit of income tax slab during forthcoming financial year 2015...
who does not have any income from a business, would be exempted from the payment of advance tax.Advance tax is normally payable if the tax on one’s income is more than Rs 10,000 on what is deductible at source. In that case, the advance tax has to be paid in three installments ...
Tax rates are on the range of income levels which are called as Tax slabs. For example, those earning between 5,00,001 to 10,00,000 are in 20% tax slab. Which means that they have to pay 20% of tax on their income. But they also get the benefit of lower tax slabs. So one wi...
The local tax assessor had the final say on what your precise rate is and our calculation is an estimate based on the location you have set. Simply enter the location of the property and the Fair Market Value of the property and see the calculation. ...
Section NumberSourcePayee TypeThreshold LimitTDS Rate 192Salary PaymentIndividualBasic exemption limits as per the income tax slab rates.Rates of Income Tax in force. 193Interest on securitiesResident-10% 194Deemed DividendResident IndividualRs. 2500 each Financial year.10% ...
If you want to compute your income tax for the year 2025 and onwards, the following tax rate shall apply for annual income tax for individual taxpayers defined underR.A. 10963. We simplified the table to guide taxpayers easily. What has changed in the new BIR Tax Table 2025 vs. the pre...
Perquisite:Is any benefit or amenity granted or provided free of cost or at concessional rate such asRent free unfurnished house, Rent free furnished house, Motor car facility, Reimbursement of Gas, Electricity & Water, Club facility, Domestic Servant Facility, Interest Subsidy on Loan , Reimbursem...
Banks offer a higher rate of interest on fixed deposits to senior citizens. The offering is 0.5-0.75% more than the prevalent interest rates. The minimum age to get a premium on your deposit is 60. A Senior Citizens Savings Scheme offering an interest rate is 9% per annum on the deposits...