Slab Rate
This query is : Resolved
19 January 2011
Which the slab rates we should apply to the taxable income of NRI person?
19 January 2011
same rate as applicable to a resident indian taxpayer.
http://taxguru.in/budget-2010/new-income-tax-slabs-for-individual-senior-citizens-and-females-huf-firms-companies-and-others-as-amended-by-budget-2010.html
http://taxguru.in/budget-2010/new-income-tax-slabs-for-individual-senior-citizens-and-females-huf-firms-companies-and-others-as-amended-by-budget-2010.html
19 January 2011
Dear Ankita
First Schedule Part 1 of every Finance Act provides for Slab rates. For Non Resident Individuals (Men, Women and Senior Citizens) slab would be as applicable to resident Men.
i.e. for F.Y. 2010-11
0-1.6 lacs Nil
1.6 to 5 lacs 10%
5 to 8 lacs 20%
more than 8 lacs 30%
Regards
Juzer
First Schedule Part 1 of every Finance Act provides for Slab rates. For Non Resident Individuals (Men, Women and Senior Citizens) slab would be as applicable to resident Men.
i.e. for F.Y. 2010-11
0-1.6 lacs Nil
1.6 to 5 lacs 10%
5 to 8 lacs 20%
more than 8 lacs 30%
Regards
Juzer
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