Income tax liability
This query is : Resolved
venkatesh k
(Querist)
20 June 2014
REQUEST TO CALCULATE INCOME TAX FOR THE YEAR 2013-14
INCOME FROM BUISNESS 35.00
LESS DEPN 9.6
NET INCOME 25.4 LAKHS
NO INCOME FROM OTHER HEAD OF ACCOUNTS
INCOME FROM BUISNESS 35.00
LESS DEPN 9.6
NET INCOME 25.4 LAKHS
NO INCOME FROM OTHER HEAD OF ACCOUNTS
Sandeep Dharar
(Expert)
20 June 2014
Flat 30.9% rate will b applicable on assessees other than individual. This rate is inclusive of cess and is after all deductions under chapter VIA and Advances.
Rupesh Jain
(Expert)
20 June 2014
if you are other than individual/HUF the pay 30.90% tax on income.
if your are Individual/HUF if you are any investment for claiming u/s 80 then after that taxable income come.
and tax according to tax slab.
upto rs. 200000 NIL
2 to 5 Lacs 10%
5 to 10 lacs 20%
above 5 lacas income tax will 30%
and 3% cess. on tax amount
if your are Individual/HUF if you are any investment for claiming u/s 80 then after that taxable income come.
and tax according to tax slab.
upto rs. 200000 NIL
2 to 5 Lacs 10%
5 to 10 lacs 20%
above 5 lacas income tax will 30%
and 3% cess. on tax amount
Sandeep Dharar
(Expert)
20 June 2014
Rupesh from when Individual Started Claiming Depreciation? And from when the slab is applicable to HUF's
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