Meaning of 10% tax slab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2011
Dear Sir,
Please give me the detailed explanation of
"10% minimum tax rate slab"
Please give me the detailed explanation of
"10% minimum tax rate slab"
01 August 2011
It basically means that if your income is more than the minimum taxable limit(i.e. 160000). Then you have to pay a minimum tax on that income above 160000 @ 10%.
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