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Tax Slab

This query is : Resolved 

Dear Expert,
What is the new tax slab??
And current service tax?

NEW INDIVIDUAL TAX RATES


AMOUNT
TAX RATE

UP TO RS. 1.60 LACS = NIL


OVER 1.60 LACS TO 5 LACS = 10%


OVER 5 LACS TO 8 LACS = 20%


OVER 8 LACS = 30%





agree with expert !!!

No Change in service tax rates it remains the same at 10%.


Regards
Prasad R

No Change in service tax rates

Female individual taxpayer

New tax slabs:

Slabs (Rs) Rate
0 – 190000 - 0%
190001 – 500000 - 10 %
500001 – 800000 - 20 %
800001 and above- 30 %




Senior Citizens

New tax slabs:

Slabs (Rs) Rate
0 – 240000 - 0 %
240001 – 500000 -10 %
500001 – 800000- 20 %
800001 and above -30 %







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