Sentences with phrase «tax slab of»

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

say he falls in the tax slab of 20 %, so thereby he saved Rs. 3,36000 under tax exemption.

This also depends on the tax slab of the gold owner.

Interest earned on NCD bonds is taxable as per the tax slab of the investor.

STCG tax is as per the tax slab of the investor.

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.

Dear Deepak, Interest earned NCD bonds is taxable as per the tax slab of the investor under the head «income from other sources».

Arbitrage Funds can be a better choice if you are in the tax slabs of 20 to 30 %, when markets are very volatile and when the interest rates are stable or increasing.

There are four tax slabs of 5, 12, 18 and 24 % pegged by the GST Council.

Not exact matches

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

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 raTax is charged at the same rate as that of the investor's or the taxpayer's income tax slab ratax slab rate.

Considering that you are likely to require the IRA funds only post retirement when your lack of salaried income puts you in a lower tax slab, this is a huge advantage.

Biscuit manufacturers demanded that the Goods and Services Tax Council lower the tax rates to either of the two lowest slabs (i e either five per cent or 12 per cent) under the Goods and Service Tax (GST) regiTax Council lower the tax rates to either of the two lowest slabs (i e either five per cent or 12 per cent) under the Goods and Service Tax (GST) regitax rates to either of the two lowest slabs (i e either five per cent or 12 per cent) under the Goods and Service Tax (GST) regiTax (GST) regime.

A critical flaw of the current system is that the «slab» structure of the tax causes distortions in the market as rates are applied to the entire value of the property, rather than the marginal value above each threshold.

The implementation of the new GST (Goods and Services Tax) slab brought good days to some of the manufacturers but a few others also suffered.

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.

STCG is taxed @ of 20 % without indexation & LTCG is per «IT slab rate».

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.

Dear santosh, If you have withdrawn your EPF balance within 5 years of service, such amount is taxable as per your tax slab rate.

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.

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.

Falls under EET tax regime where 60 % of the corpus generated is taxed under investor's tax slab (20 % lump sum and 40 % invested in annuities)

You can claim the refund of TDS say if your income (India) is below the tax slab.

My package is 3.1 L and since it is 60k above the tax slab, I arrived at a figure of 5k per month for Elss Scheme (no other option since ppf interest rate went down), but do you feel at my age (23) I should invest that money (5k) in an another normal equity fund instead of an elss?

Had I filed the return on the basis of 26AS, I would have paid less tax because by taking into account 26AS I was in 10 % slab only but since I filed the return on the basis of Form 16 provided by the Bank, my slab has gone up to 20 %.

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

With the right kind of tax planning to save taxes, exemptions are deducted from the gross total income and income tax is charged as per the current tax slab on the balance income.

An individual is expected to make payment of taxes, according to the existing tax slabs, if he earns a certain amount.

Since the amount of income tax payable depends on your income, people in India are categorized into different income groups that are known as tax slabs.

Each slab has a different percentage of income tax; the higher the slab the more income tax that is payable.

The slabs and the respective percentage of income tax payable are given below.

Under Section 87A of the Income Tax Act, salaried individuals are supposed to receive a tax rebate of up to Rs 2500, if they fall under the taxable income slab of up to Rs 3.5 lakTax Act, salaried individuals are supposed to receive a tax rebate of up to Rs 2500, if they fall under the taxable income slab of up to Rs 3.5 laktax rebate of up to Rs 2500, if they fall under the taxable income slab of up to Rs 3.5 lakhs.

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

For income falling under the slab Rs. 5 — Rs. 10 Lakhs: Rs. 25,000 + 20 % of the amount more than Rs. 5 Lakhs is levied as tax benefits.

In other words, an individual whose income is less than Rs. 2.5 lakh, a senior citizen with a salary that is less than Rs. 3 lakhs and senior citizens (above the age of 80) whose earnings are less than Rs. 5 lakh, do not under the Income Tax Slab.

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.

Depending on your tax slab, you can save up to Rs. 45,000 in income tax by claiming deductions under Section 80C and up to Rs. 7,500 by the means of claiming deductions under Section 80D.

Though the tax slabs remain the same, there are a number of changes proposed in Budget 2016 which would impact individual tax payers.

The revenue generated through the sales of such food items contributes towards the efforts made by the state and central governments to curb the inflation rate, which has constantly been on a rise even after several revisions made to the tax slabs under GST.

In case the taxpayer's taxable income falls below the basic income slab of Rs. 250,000, he would still have to file income tax returns, to claim the TDS deducted from FDs as a refund from the I - T department.

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.

With the help of income tax slab, available online one can calculate the taxable amount payable on the individual's total income.

There are a lot of facets to the income tax, like taxable income, reduction of the taxable income, tax slabs, tax deducted at source (TDS), etc..

And, if you're the only bread - winner of your family and fall under this tax slab, then it is high time for you to think of buying a life insurance cover.

There is a slab available which provides applying a percentage of tax accordingly to your respective income levels.

The government of India has fixed various tax slabs for different groups of people, namely very senior citizens (people who have attained an age above 80 years), senior citizens (people who have attained an age of 60 to 80 years), and general taxpayers.

If a plan is withdrawn during the lock - in period, it will be subject to the applicable tax slab in the year of withdrawal.

The corporate tax also has a slab of its own, which decides the amount of tax to be paid.

Usually they receive tax refunds on falling of their income within the tax slab, which is modified each year according to the government's directions.