Tax planning

TAX PLANNING
1.1 LIST OF TABLES
Individuals, Hindu Undivided families, AOP, BOIs- The tax rates applicable to individuals are
also applicable to a Hindu undivided family, an association of persons, body of individuals or an
artificial juridical person.
1.1 The rates applia!le f"r the assessment #ear $%1&'1( pr"vided !# Finane At $%1&
ASSESSMET !EA" #$%&-%'- The tax rates for the assessment year #$%&-%' are (iven belo)-
• *+" A "ES,-ET SE,+" .,T,/E 0 1H+ ,S 2$ !EA"S +" M+"E AT A! T,ME
-3",4 THE 5"E6,+3S !EA" 73T 8ESS THA 9$ !EA"S + THE 8AST -A! +*
THE 5"E6,+3S !EA", I.E. 7+" -3",4 A5",8 %, %:;& A- MA".H ;%, %:'& <
Net Income
Range
Income Tax Rates Surcharge Education
Cess
Secondary and
Higher Secondary
Cess (SHEC)
Up to Rs.
2,50,000
Nil Nil Nil Nil
Rs. 2,50,000 –
Rs. 5,00,000
10% of ( total inco!
minus Rs. 2,50,000 "
Nil 2% of
inco! ta#
1% of inco!
ta#
Rs. 5,00,000 –
Rs. 10,00,00
Rs. 25,000 $ 20% of
( total inco! minus Rs.
5,00,000 "
Nil 2% of
inco! ta#
1% of inco!
ta#
Rs. 10,00,000-
Rs.
10,00,00,000
Rs. 1,25,000 $ %0% of (
total inco! minus Rs.
10,00,000 "
Nil 2% of
inco! ta#
1% of inco!
ta#
A&o'! Rs.
10,00,00,000
Rs 2(,25,000 $ %0% of
(total inco! minus Rs.
1,00,00,000"
10% of total
inco! ta#
2% of
inco! ta#
an)
s*+c,a+-!
1% of inco!
ta# an)
s*+c,a+-!
1
TAX PLANNING
• *+" A "ES,-ET S35E" SE,+" .,T,/E 01H+ ,S 9$ !EA"S +" M+"E AT A!
T,ME -3",4 THE 5"E6,+3S !EA", ,.E. 7+" 7E*+"E A5",8 % %:;&