Income tax
Querist : Anonymous
Please tell me the rate of tax For calculating deferred tax liability for the year ending 31st March, 2011
Thanks in advance,
Chalapathi Rao
Student
i.e.
30% + [(2% + 1%) of 30] = 30.9%
Now,
Add Surcharge@7.5%
i.e. 30.9% + 7.5% of 30.9 = 33.2175%
Querist : Anonymous
:)
coz it is to be calculated as per future tax rate and not at current tax rate..
30% + 5%+ 3%...
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