Personal Taxation

it was pretty informative.....................................................................................................................................................
 
Personal taxation - Important notes

Tax slabs
-Upto Rs 1 Lakh - Nil
-From Rs 1 Lakh - Rs 1.5 Lakh - 10%
-From Rs 1.5 Lakh - Rs 2.5 Lakh - 20%
-From Rs 2.5 Lakh and above - 30%
Surcharge of 10% for income above Rs 10 Lakh
No surcharge for income below Rs 10 Lakh
2% Cess on total tax
Women tax payers have basic slab at Rs 1.35 Lakhs
Senior citizen tax payers have basic slab at Rs 1.85 Lakhs
No standard deduction
 
Personal Taxation is an annual tax on individuals income.

Personal Tax Rate
Income (Rs) Tax Rate (%)
Upto 1,80,000 Nil
1,80,000 – 5,00,000 10%
5,00,001-8,00,000 20%
8,00,001 and above 30%
 
To be fair with you, I was expecting something informative here, but I didn't get any information or any other attachment expect one ad. So I hope you will revert back to me next time with something informative.
 
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