Hi all,
I want to know the tax exemption limit applicable for NRI for the AY 2014-15.
Kindly help me out. Thanks in advance.
Priya Dharshini (CA (Final)) (68 Points)
12 March 2014Hi all,
I want to know the tax exemption limit applicable for NRI for the AY 2014-15.
Kindly help me out. Thanks in advance.
Arpit Pachisia
(CA)
(734 Points)
Replied 12 March 2014
Hello Priya,
Tax exemption limit for NRI's is also same as that is set for us.(AY 14-15)
Upto Rs.2,00,000 No Tax
2,00,000-5,00,000 10% of income exceeds 2,00,000.
Less: Tax credit - 10% of taxable income upto a
maximum of Rs.2,000.
5,00,000-10,00,000 30,000+ 20% of income exceeds 5,00,000.
Above 10,00,000 1,30,000+ 30% of income exceeds 10,00,000.
Thanking You
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
