upto 160000 -Nil
160000 to 500000 10%
500000 to 800000 20%
800000 and above 30%
upto 1.6 lakh NIL
1.61 lakh to 3.0 Lakh 10%
3.01 to 5.0 Lakh 20%
> 5.0 lakh 30%
Professional tax rate slab for the year 2010-11,2011-12
details of calculation of i.tax
income limit for assessment year 2009-10
Filing of income tax means submitting your annual income status for that particular year based on which the government will decide whether to levy tax on your income if your income falls under the slab of taxable income after all deductions. So by this you are showing your income status to the government based on which you may claim a loan in future from any bank or institution.
Yes, BHEL pension is generally taxable under the Income Tax Act in India. The pension received from BHEL is considered as income and is subject to tax based on the individual's applicable income tax slab. However, a portion of the pension may be eligible for exemptions under certain conditions, such as the standard deduction. It's advisable to consult a tax professional for personalized guidance.
The latest income tax slabs for 2010-2011 can be found here Go to financeminister.in Click on the below Related Link
How Are you
Professional tax rate slab for the year 2010-11,2011-12
You can find some information about the TDS SLAB for 2010 by going to the INCOME DEPARTMENT KARNATAKA & G O A REGION Click on the below Related Link
what is slab rates of professional tax for traders in 2008-09
Slab rate refers to a system of taxation where different portions of income are taxed at varying rates, known as tax slabs. For instance, an individual may pay a lower percentage on their initial income up to a certain threshold and progressively higher rates as their income increases. This structure is designed to ensure that taxpayers contribute fairly according to their ability to pay. Slab rates are commonly used in income tax systems across various countries.
Slab Previous Rate Current Rate per 6 Months Current rate Per Month 210013000075100 173000145000188235 394500160000390510 856000175000585760 12775001and above8101095 183
what is the professional tax in west Bengal for the financila year 2010-2011
details of calculation of i.tax
income limit for assessment year 2009-10
when your business come in slab of income tax .... :)
Tax Rate for Tay year 2011 are RATES OF TaX FOR SALARIED PERSONS FOR TAX YEAR 2011 S.# Taxable Income Rate of Tax **1** Where The Taxable income does not exceed Rs 3, 00,000 0% **2** B/ W 3, 00,001 To 3, 50,000 0.75% **3** B/ W 3, 50,001 To 4, 00,000 1.50% **4** B/W 4, 00,001 To 4, 50,000 2.50% **5** B/W 4, 50,001 To 5, 50,000 3.50% **6** B/W 5, 50,001 To 6, 50,000 4.50% **7** B/W 6, 50,001 To 7, 50,000 6.00% **8** B/W 7, 50, 0001 To 9, 00,000 7.50% **9** B/W 9, 00, 0001 To 10, 50,000 9.00% **10** B/W 10, 50,001 To 12, 00,000 10.00% **11** B/W 12, 00,001 To 14, 50,000 11.00% **12** B/W 14, 50,001 To 17, 00,000 12.50% **13** B/W 17, 00,001 To 19, 50,000 14.00% **14** B/W 19, 50,001 To 22, 50,000 15.00% **15** B/W 22, 50,001 To 28, 50,000 16.00% **16** B/W 28, 50,001 To 35, 50,000 17.00% **17** B/W 35, 50,000 To 45, 50,000 18.50% **18** Where the Taxable income Exceeds Rs. 45, 50,000 20.00% ******** Up till now 50% Reduction in tax Applicable if the age of senior citizen is 60 years & income does not exceeds Rs. 10, 00,000. ******** Concession to Full time teachers and Researchers Will be 50% of tax payable. ******** Marginal Relief will be provided if the total income of taxpayer marginally exceeds the maximum limit of a slab in the table. The following procedure will be adopted: [a]. Total income does not exceed Rs. 5,50,000 Tax payable on maximum of last slab PLUS 20% of the amount exceeding the last slab limit. [b]. Total income does not exceed Rs. 10,50,000 Tax payable on maximum of last slab PLUS 30% of the amount exceeding the last slab limit. [c]. Total income does not exceed Rs. 22,50,000 Tax payable on maximum of last slab PLUS 40% of the amount exceeding the last slab limit. [d]. Total income does not exceed Rs. 45,50,000 Tax payable on maximum of last slab PLUS 50% of the amount exceeding the last slab limit. [e]. Total income exceed Rs. 45,50,000 Tax payable on maximum of last slab PLUS 60% of the amount exceeding the last slab limit. The ( lesser amount) of tax Payable Either form Marginal Relief Rule or Original Tax payable.