Income tax rates for ay 2016-17
WebApr 11, 2024 · This notification to notify the Cost Inflation Index (CII) for FY 2024-24 (AY 2024-25) is notified under clause (v) of the Explanation to section 48 of the Income-tax Act, 1961. The importance of CII or the Cost Inflation Index is that this number is used to arrive at the inflation-adjusted cost price of assets transferred for the purpose of ... WebAs per Section 87A, individuals with income less than INR 5,00,000 can get a rebate of INR 2,000 or 100% of the income tax (whichever is lesser). For Resident Senior Citizens (from …
Income tax rates for ay 2016-17
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WebMay 1, 2024 · Surcharge: 10% of income tax, where total income exceeds INR 50 lakh up to INR 1 crore. Surcharge: 15% of income tax, where the total income exceeds INR 1 crore. Higher education and secondary cess: 3% of Income Tax. *Income tax exemption limit for FY 2024-18 is up to INR 2,50,000 for individual & HUF other than those covered in Part (B) … WebApr 5, 2024 · CENTRAL GOVERNMENT EMPLOYEES - INCOME TAX INCOME TAX RATES ASSESSMENT YEAR 2016-2024 RELEVANT TO FINANCIAL YEAR 2015-2016 . ... INCOME …
WebNov 19, 2016 · HDFC Life provides the latest income tax rates in India for different age groups and tax benefits offered by various life insurance policies, for the current financial … WebMar 17, 2016 · Financial Year 2016-17 Tax Rates Individual : Male Tax Rates 1. Taxable Income upto 2,50,000` Nil 2. `2,50,000 to 5,00,000` 10% 3. ` 5,00,000 to 10,00,000` 20% 4. …
WebApr 12, 2024 · (AY.2011-12) FULL TEXT OF THE JUDGMENT/ORDER OF ORISSA HIGH COURT. 1. The challenge in the present petition is to a re-assessment order dated 22 nd August 2016 passed by the Income Tax Officer, Angul Ward, Angul (ITO) under Section 143 (3) read with Section 147 of the Income Tax Act, 1961 (Act) for the assessment year (AY) … WebApr 15, 2024 · 3. In this case, an order under section 154 of the Income-tax Act, 1961 (for short ‘the Act’) was passed by the AO which reads as under:-“ The assessee has filed rectification application u/s 154 for the A.Y. 2011-12 on dated 12.02.2016, 21,04.2016 and 11.07.2016 submitting following points respectively :-1.
WebMay 4, 2024 · 8 Provisions of Section 115BBE as applicable uptoAY 2016-17 Forassessmentyears2013-14to2016-17,Section115BBEprovidesforatax rateof30 ...
WebFeb 28, 2015 · Tax Credit: Finance Bill 2015 is silent on the Section 87A, which was introduced by Finance Bill ... hill stations near amritsar with distanceWebIncome-tax slab rates for Individual for FY 2024-19 (AY 2024-20) Income-tax slab rates for Individual for FY 2024-18 (AY 2024-19) Income-tax slab rates for Individual for FY 2016 … smart broadband prepaid modemWebFeb 28, 2015 · Tax Credit: Finance Bill 2015 is silent on the Section 87A, which was introduced by Finance Bill 2013 with effect from AY 2014-15 and provides a rebate of Rs. 2,000 for every person whose income doesn’t exceed Rs. 500,000. Hence this provision continues for AY 2016-17 as well. Surcharge on Income Tax: 12% of the Income Tax … hill stations near amb andauraWebInstructions to Form ITR-2 (AY 2016-17) Page 1 of 10 Instructions for filling out FORM ITR-2 These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which this Return Form is ... hill stations in trivandrumWebSurcharge : 15% of the Income Tax, where taxable income is more than Rs. 1 crore Education Cess: 3% of the total of Income Tax and Surcharge. II. Senior Citizen Income Tax Rate for F Y 2016-17 (Individual resident who is of the age of 60 years or more but below the age of 80 years at any time during the previous year i.e. born on or after 1st April 1937 but … hill stations near chandigarh with distanceWebOct 9, 2024 · Income from Rs 5,00,000 – 10,00,000. 20%. Income more than Rs 10,00,000. 30%. Surcharge: 15% of income tax, where total income exceeds INR 1 crore. Higher … hill stations near bardoliWeb5 rows · Oct 16, 2015 · Articles explains Rates of income-tax in respect of income liable to tax , Minimum ... smart broom curling