Flat rate v. slab rate
This query is : Resolved
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
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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