Sentences with phrase «which income tax slab»

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.

Not exact matches

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.

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.

In order to pick out the right ITR form, you need to know the tax slab, which is applicable depending on the salary break - up or the income types specified under the tax laws.

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.

In fact, if you plan it well, you may even be able to lower your income tax slab to a lower one from the higher one in which you were earlier bracketed.

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.

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

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.

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