tax rate

This query is : Resolved 

16 September 2010 1. tax rates for the f.y 2009-10
2. tax rate for the f.y 2010-11
3. general information about GST
4. panelty charges if we are failed to submit our return 30-9-10.
5.

16 September 2010 New Tax Rates for Financial Year 2010-11, Assessment Year 2011-12.

Male individual tax payers:

New tax slabs:


Slabs (Rs) Rate
0 - 160000 0
160001 - 500000 10
500001 - 800000 20
800001 and above

16 September 2010 Tax Rates for Financial Year 2009-10, Assessment Year 2010-11.



Slabs (Rs) Rate
0 - 160000 0
160001 - 300000 10
300001 - 500000 20
500001 and above


16 September 2010 There is no direct penalty if u fail to file return untill 31-03-2011 for AY 2010-11. After that date there may be a direct penalty of Rs 5000 depending upon demand by the AO.

In case you fail to file the return by 30-09-2010 there is indirect penalty by way of interest liability in case your taxes are not paid fully, which is to be deposited by u before filing the return at your own.



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