New tax slab applicable
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2014
Hi
Can anybody plz let me know from when this tax slabs are applicable ?
From 1st April,2014
From 1st August,2014
From 1st April,2015
Also, what abt that Rs 2,000/- tax credit for taxable income below Rs 5 lacs ?
Is 80 C limit extension to Rs 1.5 lacs also applicable from the same date as tax slabs ?
Thanks in advance !
Can anybody plz let me know from when this tax slabs are applicable ?
From 1st April,2014
From 1st August,2014
From 1st April,2015
Also, what abt that Rs 2,000/- tax credit for taxable income below Rs 5 lacs ?
Is 80 C limit extension to Rs 1.5 lacs also applicable from the same date as tax slabs ?
Thanks in advance !
16 July 2014
From 1st april 2014 these rates are applicable and yes rebate of Rs.2000 is still available.
Message likes :
1 times
16 July 2014
Slab Rates and enhancement in 80C limit are applicable for PY 2014-15 relating to AY 2015-16. Rebate u/s 87A continues since it has not been specifically withdrawn.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
