deferred tax
This query is : Resolved
vikas jain
(Querist)
10 October 2007
what is the current deferred tax rate?
Ravikumar.G
(Expert)
10 October 2007
30 % SC 10% (If their will exceed 1C)+EC(2%)+SHEC(1%)
10 October 2007
The deffered tax rate is 30.90% (i.e 30% IT + 2% Cess + 1% SHECess).
But if Income > 1Crore it is 33.99%
But if Income > 1Crore it is 33.99%
10 October 2007
There is no such rate defined in act, its a current tax rate and nothing else, dont be confused.
Ravikumar.G
(Expert)
10 October 2007
It is future tax rate. For Ex FY 06-07 for regular tax SHEC will not applicable but as per DT Calculation SHEC 1% applicable.
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