income tax rates
Page no : 2
Amit Sharma
(article)
(2677 Points)
Replied 24 December 2007
Least of the following is exempt from tax
40 % of Basic and DA
House rent allowance received
Excess of rent paid over 10% of basic
Rent paid during the year
Amit Sharma
(article)
(2677 Points)
Replied 24 December 2007
0 - 1,00,000 Nil
1,00,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%
For Women
For Year 2005-2006
Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
0 - 1,35,000 Nil
1,35,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
More than 2,50,001 30%
For Senior Citizen
For Year 2005-2006
Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
0 - 1,85,000 Nil
1,85,001 - 2,50,000 20%
More than 2,50,001 30%
Recent Topics
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
Related Threads
CAclubindia
