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tax rate

saroj ( Dedicated Article) (77 Points)

23 July 2010

What tax rate/ basic limit would be aplicable to bis*xuals......../ gays......?

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15 Replies

CA Sumit Arora (CA) (1411 Points)
Replied 23 July 2010

Dear Saroj, there is no other basic limit prescribed for gays. Normal tax rates would be applicable

(In case if person is not senior citizen or women)

Rs. 160001 to Rs. 300000 10%

Rs. 300001 to Rs. 800000 20%

Rs. 800001 above 30%

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saroj ( Dedicated Article) (77 Points)
Replied 23 July 2010

Are U sure.................?

Harpreet (* * * * * *) (1670 Points)
Replied 23 July 2010

i am not sure whether male limit will be applicable for gays/bis*xual or female limit??

OldSchool (None) (50 Points)
Replied 23 July 2010

They do have gender. where's the confusion?

saroj ( Dedicated Article) (77 Points)
Replied 23 July 2010

How do u know they have gender........................?

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Abhimanyu Bind (CA Final Student & Audit Assitant) (2051 Points)
Replied 23 July 2010

Well, Income Tax Act has not been provided any specific and tax rates for Gays and bi*exuals.

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 24 July 2010

Originally posted by : Abhimanyu Bind
	Well, Income Tax Act has not been provided any specific and tax rates for Gays and bi*exuals.

OldSchool (None) (50 Points)
Replied 24 July 2010

Originally posted by : saroj
	How do u know they have gender........................?

For that we have dictionaries.

https://dictionary.cambridge.org/dictionary/british/gay_1

Gay is a homos*xual. Gay is male and for females the word lesbian is used.

saroj ( Dedicated Article) (77 Points)
Replied 24 July 2010

thanx to all, but tell me the exact answer.............what basic limit will b applicablefor them

Nomula Sreenivasarao (DGM -Accounts) (163 Points)
Replied 24 July 2010

in case the person not a woman or senior citizen than individual tax rates applicable.

homoxxx womans are elgible for woman criteria

homoxxxx mens are elgible for individual criteria

If they are not a men or woman than apply individual criteria as 1,60,000 to 3,00,000 - 10% just like..

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saroj ( Dedicated Article) (77 Points)
Replied 27 July 2010

what a gud guess

shyam sundar (Article Assisstant) (183 Points)
Replied 27 July 2010

Gays are guys so the exemption limit is as appliacble for men.

Lesbians are girls so the exemption limit is as applicable for women.

both gays and lesbians are homos*xualities.

I dont think government of india is provding basic exemption on basis on s*xuality but on basis of gender, better know the difference between gays, lesbians and transgenders.

if you are transgender then gender may be as female as the exemption is on higher side.

better stop asking such an stupid question, i guess your doing it for sake of time pass.

Atul Gupta (Ca final Article) (39 Points)
Replied 27 July 2010

Income tax act doesn't specify these classes so it'll cover under individuals if they don't come under Woman or Senior citizen then Normal slab of an Individual apply on them.