Slabs
Querist : Anonymous
total income is 2000000/- twenty lacks, slabs: from to pers tax
00 250000/- nil nil
250000/- 500000/- 10% 50000/-
500000/- 1000000/- 20% 200000/-
1000000/- above 30% 75000/-
question is: 250000/- to 5000000/- means we can take 10% on 500000/- or 250000/- plz clarify.
it is 10% on Rs. 250000.
First 250000 tax will be nil
There after from 250000 to 500000, 10 of the difference amount which comes to Rs. 250000 (i.e. 500000-250000) and tax comes to Rs.25000 and so on.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
