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"
CA Ashwani Agarwal
(Expert)
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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