Sentences with phrase «income tax slab rates»

Income tax slab rates are defined on the basis of the earning of tax payers.

Income Tax slab rates help you decide whether your income is taxable or not.

There are some changes introduced in the income tax slab rates for the financial Year 2017 - 18 (assessment year AY 2018 - 19).

Income tax slab rates are broadly categorized as follows:

If it is sold before 3 years, Short Term Capital Gains are included in your taxable income and taxed at applicable income tax slab rates.

Sale of capital assets such as property, gold, and bonds: in this case, the Capital Gains Tax is charged at the same rate as that of the investor's or the taxpayer's income tax slab rate.

Else, the LTCG claimed earlier will be added to your income and has to pay tax as per your income tax slab rate.

Dear Dheer, If the new property is sold within a period of three years, the earlier LTCG exemption claimed with respect to the old property shall be revoked and the capital gain on old property becomes taxable at the income tax slab rate that is applicable to the individual.

Short Term Capital Gains are included to taxable income and taxed at applicable income tax slab rate.

2 — No. 3 — No. 4 — Short Term Capital Gains are included in your taxable income and taxed at applicable as per your income tax slab rate.

Considering this scenario, if you are looking for regular interest income and are in 10 % or 20 % income tax slab rate, you may consider investing in up to three year Secured NCDs.

STCG tax rate @ of 10 % without indexation & LTCG tax rate is as per «income tax slab rate».

Under this scenario, if you consider «Date of possession» for holding period calculation then your capital gains fall under Short term capital gains and you have to pay taxes based on your income tax slab rate, which can be a hefty amount.

Short - term capital gains from sale of tax - free bonds on exchanges are taxed at your income tax slab rate, while long - term capital gains are taxed at 10 % without indexation.

However, if your income tax slab rate is say 20 % then you need to pay the differential tax dues when filing your ITR.

Dear Sanket, The tax rate is as per your income tax slab rate.

Debt funds — STCG tax rate is as per the individual's income tax slab rate.

It is taxed at your income tax slab rate in the year in which you receive the value.

Not exact matches

Tax rate is determined by applicable tax slab based on total incoTax rate is determined by applicable tax slab based on total incotax slab based on total income.

-- the slab for senior citizens and super senior citizens should have been increased or alternatively the income tax rate should have been reduced.

In case of short term capital gains it will be included in the investor's total income and tax rate will be as per the tax slab in which the investor falls.

bank interest income etc. and taxes have to paid at the applicable slab rate.

Below are current tax slabs whose information is very necessary for an individual as it determine the category of tax rate you fall under and rate of tax which will be charged on your taxable income.

These tax slab rates for income tax can be applied to:

While the rate at which the banks carry out TDS is 10 % employers of salaried professionals may also carry out TDS deductions as per rates of income tax slab that are applicable.

Therefore the total income will be Rs. 15 lacs and the entire income is taxed as per slab rate.

The insurance proceeds shall be taxed at policy holder's marginal income tax rate (as per income tax slab).

However, annuity income from a pension plan is not exempt and taxed at normal slab rates applicable to the insured.