Applicability of income-tax slab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 June 2013
I would like to know applicability of Income-Tax Slab.is it applicable on gross income or taxable income of an Individual.
like someone has gross income 12Lac annually but his taxable Income is 8Lac so what will be Tax rate 20% or 30% ?
like someone has gross income 12Lac annually but his taxable Income is 8Lac so what will be Tax rate 20% or 30% ?
05 June 2013
Tax and tax rate is based on 'taxable income'.
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