Income Tax Rates for Local Authorities in India (AY 2023-24)
The rates of income tax, surcharge, HEC and AMT, applicable in the case of local authorities in India in respect of AY 2023-24.
Tag: Local Bodies
Health and Education Cess Rates under Income Tax (AY 2023-24)
Explore about the Health and Education Cess Rates applicable under the Income Tax in respect of AY 2023-24 for all types of assessees and taxation schemes.
Surcharge Rates on Income Tax for AY 2023-24
Surcharge on income tax is payable if taxable income of a taxpayer exceeds a specified threshold limit during the AY 2023-24, like Rs 50 lacs in the case of …
Who is a ‘Person’ under S. 2(31) of Income Tax Act in India
Find out what constitutes a 'person' under Section 2(31) of the Income Tax Act in India and what it means for tax purposes.
Marginal Relief from Surcharge on Income Tax: AY 2022-23
For AY 2022–23, assessees can claim marginal relief from the surcharge on income tax to mitigate the effect of the additional tax burden that is over and above the …