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Flat rate v. slab rate

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(Querist)
25 March 2015 differences between them
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
25 March 2015 When there is different rate for different levels of Income it is called slab rate when rates are same irrespective of level of Income it is called flat rate.

Slab Rate Example= Income Tax on Individual

Flat rate Example= Income Tax on Capital gain, Corporate tax etc.

Check out rates from below link--

https://finotax.com/income-tax/slabs-proposed
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