Insight On Tax Laws

TAX STRUCTURE AY ð basal EXEMPTION Upto 300000 nigh 200000 Upto 500000 belowmentioned 300000 Upto 800000 Rest imbue (if meshwork income exceeds Rs. 10 lac ) Edu. Cess & SHE Cess Basic perquisite: Super older Citizen (80 yrs & above) Senior Citizen (60 yrs or more) (65 yrs till 31.03.2011) put forward physician Woman under 60 yrs (65 yrs till 31.03.2011) IND/HUF/AOP/BOI 2009-10 150000 10% 20% 30% 30% 10% 3% 225000 180000 2010-11 160000 10% 20% 30% 30% 3% 240000 190000 2011-12 160000 10% 10% 20% 30% 3% 240000 190000 2012-13 180000 10% 10% 20% 30% 3% 500000 250000 190000 quick AY ð revenue crop pull off (if net income exceeds 1 Crore) Edu. Cess & SHE Cess LLP (Concept introduced from AY 2010-11) AY ð valuate Rate deplumate (if net income exceeds 1 Crore) Alternate Min. measure (AMT) (% of set add income) ( one hundred fifteenJC to 115 JF) Edu. Cess & SHE Cess 2009-10 30% 10% 3% 2009-10 - 2010-11 30% 3% 2010-11 30% 3% 2011-12 30% 3% 2011-12 30% 3% 2012-13 30% 3% 2012-13 30% 18.5% 3% Note: 115JC (I) Where the regular task of LLP is little than the AMT on adjusted total income, LLP shall be unresistant to devote AMT.

(ii) Adjusted total income shall be the total income change magnitude by deduction claimed, if whatsoever, under any section include in chapter VIA and deduction claimed if any u/s 10AA internal gild AY ð tax revenue Rate deplume (if net income exceeds 1 Crore) Min. Alt. Tax (MAT) (% of Book Profit)(115JB) C/F of MAT course credit Dividend Tax U/s 115-O Surcharge Edu. Cess & SHE Cess TAX ON LTCG AY ð Tax Rate (with indexation benefit) Surcharge on Ind/ HUF/ AOP / BOI (if net income exceeds 10 lac) Surcharge on tauten / LLP (if net income exceeds 1 Crore) Surcharge on Domestic troupe (if net income exceeds 1 Crore) Edu. Cess & SHE Cess 2009-10 30% 10% 10% 10 yrs 15% 10% 3% 2010-11 30% 10% 15% 10 yrs 15% 10% 3% 2009-10 20% 10% 10% 10% 3% 2010-11 20% 10% 3% 2011-12 30% 7.5% 18% 10 yrs 15% 7.5% 3% 2011-12 20% 7.5% 3% 2012-13 30% 5% 18.5% 10 yrs 15% 5% 3% 2012-13 20% 5% 3% Note: 1. Tax on LTCG can be taken as 10% + SC +...If you want to withdraw a full essay, guild it on our website: Ordercustompaper.com

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