Sentences with phrase «tax slab rates»

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

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.

Dear santosh, If you have withdrawn your EPF balance within 5 years of service, such amount is taxable as per your tax slab rate.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

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

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.

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

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.

Sir, If I invest today & change in tax rate & or slab in budget 2017 - 18 in 1 February 2017, Which tax rule will be applicable on my today's investment

REPLY continuing question January 3, 2017 4:42 pm Sir, If I invest today & change in tax rate & or slab in budget 2017 - 18 in 1 February 2017, Which tax rule will be applicable on my today's investments

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

But if your STP horizon is > 12 months, arbitrage funds can be a bit tax efficient ones, as they are treated as Equity fund for taxation purposes and also the STCG tax rate is 15 % (assuming tax assess is in 20/30 % 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?

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.

The applicable slab rates decide the tax levied on them.

The tax slabs and tax rates will continue to remain unchanged for individuals and Hindu Undivided Family (HUF) in AY 2018 - 2019.

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.

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.

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.

Pay tax at slab rate on the remaining amount.

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.