Personal Taxation

kvha

New member
it was pretty informative.....................................................................................................................................................
 
Personal taxation - Important notes

Tax slabs
-Upto Rs 1 Lakh - Nil
-From Rs 1 Lakh - Rs 1.5 Lakh - 10%
-From Rs 1.5 Lakh - Rs 2.5 Lakh - 20%
-From Rs 2.5 Lakh and above - 30%
Surcharge of 10% for income above Rs 10 Lakh
No surcharge for income below Rs 10 Lakh
2% Cess on total tax
Women tax payers have basic slab at Rs 1.35 Lakhs
Senior citizen tax payers have basic slab at Rs 1.85 Lakhs
No standard deduction
 

efuture

New member
Personal Taxation is an annual tax on individuals income.

Personal Tax Rate
Income (Rs) Tax Rate (%)
Upto 1,80,000 Nil
1,80,000 – 5,00,000 10%
5,00,001-8,00,000 20%
8,00,001 and above 30%
 

jazzalbart

New member
To be fair with you, I was expecting something informative here, but I didn't get any information or any other attachment expect one ad. So I hope you will revert back to me next time with something informative.
 
Personal Taxation
Personal Taxation & Tax Management

Hey vijit, as we know that personal Income Tax (PIT) is a direct tax imposed on earnings of an individual. Well, i am also uploading a document in order to have the better understand and full details on personal taxation.
 

Attachments

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