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Rate of tax

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20 July 2015 is 14% applicable for nov 2015 or existing 12.36%
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
20 July 2015 The provisions of income-tax and indirect tax laws, as amended by the Finance (No.2) Act, 2014, including circulars and notifications issued upto 30th April, 2015, are applicable for November, 2015 examination. The relevant assessment year for income-tax is A.Y. 2015-16.

Service Tax Rate of 14% was notified on 19.05.2015. Therefore the old rate of 12.36% shall be applicable for Nov 2015 Exam. Still advisable to check from RTP when the same is released by ICAI.
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