Sentences with phrase «one's income tax slab»

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

Hence, surrender value shall be taxed as per income tax slab.

* Assuming Income Tax slab of 30 % and surcharge of 3 %.

Once you understand form 16, you can know if you have to pay tax and if you have to pay tax, then which income tax slab you fall under.

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

The maturity proceeds will be added to your income during the year and taxed as per income tax slab.

The relaxation in income tax slabs and higher degree of rebate should be passed for the common man as the post demonetization benefits.

Dear Valli, Kindly note that Short Term Capital Gains have to be included in her taxable income and taxed at applicable income tax slab rates.

Union Budget 2018 - 19: How the Rs 40,000 standard deduction impacts income tax slabs for 2018 - 19 FY for salaried taxpayers

Income tax slabs remain unchanged.

But you may not have to pay any income tax on this option where if you could have invested this money in other financial product, your income would attract income tax as per the current income tax slab in India.

HDFC Life provides the latest income tax slab rates in India for different age groups and tax benefits offered by various life insurance policies, for the financial year 2017 - 18.

The tax payers balance income after the tax deductions have been allowed shall then be taxable with regard to the specific income tax slabs that pertain to the tax payer based on his age and profession.

In short - term capital gain tax, tax on funds is calculated as per income tax slab of the individual, i.e. 5 %, 20 % or 30 % on the amount of gain.

Short Term Capital Gains are included in your taxable income and taxed at applicable income tax slab rates.

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

Income tax slab for individual tax payers & HUF (60 years old or more but less than 80 years old)(both men & women)

These are the current Income Tax Slabs and Rates for Financial Year: 2017 - 18

Based on the annual income of an individual, the tax payers are categorized in income tax slab.

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.

Dear Joy, This is treated as Short Term Capital Gains and the gains will be taxed as per your 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.

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.

I understand if I redeem, I'll have to pay the following, 1) short term capital gains tax (STCG) since it's less than 3 yrs for debt funds — as per my income tax slab 2) and since it's less than a year for equity funds — 15 % Here my query is — If I redeem any of them in full / partial and invest in plot / home investment property, will I not be liable to pay STCG?

The tax amount depends on the income tax slab rate that is applicable to you.

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 (STCG) tax at the income tax slab rate if units are held for less than 36 months

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.

This means, if you sell your debt fund within 36 months, you will have to pay the short - term capital gains tax — the same as your income tax slab rate.

Short - term gains from debt funds are added to your income and are subject to short - term capital gains tax (SCGT) as per the income tax slab you fall under.

But, if your income tax slab rate is 30 % then you can consider investing some portion of your savings towards these bonds.

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

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 and 20 % with indexation, whichever is lower.

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

The tax rate depends on his / her income tax slab.

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

As it is from a non-relative, the gift amount is added to your income and accordingly you have to pay the income tax as per your income tax slab.

Income tax slab rates are broadly categorized as follows:

Though the income tax slab has not changed, the limit under section 80D was increased.

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

If an individual has done proper financial & tax planning then deductions would be subtracted from the gross total income and income tax would be levied on the balance income as per the income tax slabs.

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

This implies your income is considerably reduced and if you are lucky, you are also able to get your income tax slab reduced to a lower tax slab on the rung.

Income tax slabs * for Financial Year 2017 - 18 (Assessment Year 17 - 18)