Complete Tax Solution: Latest Tax News India, Tax Notification
网页5 天之前 · Latest Tax News & Updates. The website www.taxguru.in is dedicated to providing free updates to professionals in the field of finance and accounting, including Chartered Accountants, Company Secretaries, Tax Professionals, Cost Accountants, and other accounting professionals.
Exemptions & Deduction under New Tax Regime for FY 2023-24 …
网页2024年4月16日 · The deadline for filing taxes for FY 2023-24 (AY 2024-25) is July 31, 2024, unless there is an extension. If an employee does not opt for the old tax regime initially, their employer will deduct tax (TDS) according to the default new tax regime. Salaried taxpayers have the flexibility to switch between the new and regular tax regimes from one ...
Income Tax Rates for FY 2021-22 (AY 2022-23) & FY 2022-23
网页2022年2月4日 · Income Tax Rates of Partnership Firm & LLP for FY 2021-22 & FY 2022-23. Partnership firm (including LLP) is taxable at 30%. Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to …
Income Tax Rates For FY 2022-23 & 2023-24 i.e. AY 2023-24
网页2023年9月9日 · For the Assessment Years 2023-24 & 2024-25, a partnership firm (including LLP) is taxable at 30%. Add: (a) Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore ...
Computation of Income Tax: FAQs & Examples - Tax Guru
网页2024年8月27日 · Income tax computation involves understanding various aspects of income, taxes, and deductions. Taxes must be paid during the earning year under the “Pay as you Earn” concept, and are collected via voluntary payments, TDS, TCS, and levies. Income is classified under five heads: Salaries, House Property, Business/Profession, Capital Gains ...
Budget 2024-25: Changes under Income Tax Law - Tax Guru
网页2024年7月24日 · The Union Budget 2024-25 has introduced significant amendments to the Income-tax Act, 1961, aiming to streamline tax processes, provide relief to taxpayers, and promote economic growth. The Finance (No. 2) Bill, 2024, outlines these changes, focusing on areas such as tax rates, deductions, and simplification of tax laws.
Income Tax Rates for FY 2020-21 & FY 2021-22 - Tax Guru
网页2021年2月12日 · Note 1: Surcharge and Health & Education Cess as well as Rebate u/s.87A: Same as Rates applicable to Individuals given above Note 2: The option to pay tax at lower rates shall be available only if the total income of assessee is computed without claiming specified exemptions or deductions. 4. Income Tax Rates applicable to Company for FY 2020-21 & FY 2021-22
Detailed Analysis of New Tax Regime Section 115BAC, 115BAA, …
网页2023年4月21日 · Explore the detailed analysis of the new tax regime under sections 115BAC, 115BAA, and 115BAD for F.Y. 2023-24 A.Y. 2024-25. Understand the impact on taxpayers, key changes, and factors influencing the choice between old and new tax regimes. Stay informed to make well-informed decisions …
F.Y. 2023-24; A.Y. 2024-25 – Default New Tax Regime - Tax Guru
网页2024年1月11日 · This means, that the surcharge change is applicable to only those having an income of more than Rs. 5 crores. Income upto Rs. 7 lakhs will be tax-free from F.Y. 2023-24: In Budget 2023, rebate under new regime has been increased to Rs. 7,00,000. Therefore, income upto Rs. 7,00,000 will be tax-free from FY 2023-24 (AY 2024-25).
Step-by-Step: Filing ITR-2 with Salary and Capital Gains for FY …
网页2024年7月8日 · Step 2: Start Filing Your Return. Step 3: Select the Assessment Year and Filing Mode. Step 4: Select Your Status. Step 5: Choose the ITR Form. Step 6: Reason for Filing. Step 7: Select Applicable Schedules. Filling in the ITR-2 Form. Part A – General Information. Step 8: Reporting Salary Income (Schedule S)
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