Tax Treatment for Professionals

There are no seperate tax slabs for professionals (except the limit prescribed for compulsory audit u/s. 44AB, which is 10 lakhs for professionals). Otherwise all tax slabs and rates are the same as in case of other individuals

Ya there are no separate limit

Tax slabs are not decided on the type of business or profession of the assessee. It is decided on the type of the person. So, there need not be separate slabs for professional as compared to others. The tax rates applicable for individuals are applicable for professionals carrying on proprietorship basis..

thanks a lot.

Agree with Sandeep

 Tax Slab depends on the INCOME

I also agree with others. But if U are asking for the salary to the partners than its different from tax slab....

hey krish, the tax calculation for u as a professional vl remain same but if u wanna save ur tax, then just buy some buks.... n claim dep. on them every year. buks par 100% dep. hota hai. so claim deduction of dep. every year on the same buks again again just by changing their covers every year.

Absolutely Right Mr Anmol. Tax slab depend of person not on profession therefore slab of individula shall be apply to professional like CA/CS/ lawer