Tag: Tax Slabs / Rates

The income tax slabs or rates applicable for non-resident individuals (NRIs) of all age groups, HUFs, AOPs, BOIs, and AJPs, in respect of AY 2022-23, as per the Finance …

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, …

In the case of domestic companies, there is no change in the tax rates in respect of AY 2022–23, as per the Finance Act of 2022. Therefore, the tax …

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 …

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%. …

As per Section 2(29C) of Income Tax Act, 1961, unless the context otherwise requires, the term “maximum marginal rate” means the rate of income-tax (including surcharge on income-tax, if …

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 …

According to the Finance Act of 2022, there is no change in the tax rates for foreign companies (companies other than domestic companies) for AY 2022-23. As a result, …

Aggregate amount of Income tax and Surcharge (if applicable) is further subject to 4% ‘Health and Education Cess’ in the case of all types of taxpayers, in respect of …

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 …