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deferred tax

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(Querist)
10 October 2007 what is the current deferred tax rate?
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Ravikumar.G

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Ravikumar.G (Expert)
10 October 2007 30 % SC 10% (If their will exceed 1C)+EC(2%)+SHEC(1%)
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CA. Rayan Sequeira

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CA. Rayan Sequeira (Expert)
10 October 2007 Hi Vikas
The deffered tax rate is 30.90% (i.e 30% IT + 2% Cess + 1% SHECess).
But if the Income as per the Income tax act exceeds 1 crore then it is 33.99% (i.e 30% IT + 10% Surcharge 2% Cess + 1% SHECess).



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CMA Gul S

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CMA Gul S (Expert)
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%

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