Income Tax Rates for Local Authorities (AY 2022-23)
A flat income tax rate of 30% is applicable in the case of local authorities in respect of AY 2022–23, as per the Finance Act of 2022. In addition, …
Tag: AMT
Normal Income Tax Slabs/ Rates for Resident Individuals: AY 2022-23
The normal income tax rates or slabs, the Higher Education Cess (HEC), the surcharge, the basic exemption limit, etc. as applicable for AY 2020–21 have remained the same for …
Income Tax Rates for Partnership Firms/ LLPs (AY 2022-23)
As per the Finance Act of 2022, the income tax rate for partnership firms (registered or unregistered), including limited liability partnerships (LLPs), in respect of AY 2022–23 is 30%. …
Income Tax Slabs/ Rates for Co-operative Societies (AY 2022-23)
The income tax slabs and rates applicable to cooperative societies in respect of AY 2022-23, as per the Finance Act of 2022, are as follows: Normal Tax Rates Applicable …