Income tax rates for fy 2016-17
Web5 rows · Jun 13, 2016 · For the Assessment Year 2016-17 and 2024-18, a local authority is taxable at 30%. Add: d) ... WebFeb 24, 2024 · (Know the old income tax rates for the last 10 F.Y.’s for individuals in India) (New Income Tax Slab for FY 2024-24 Budget 2024-24) Find latest income tax slab rates in India for individuals, NRI, HUF, BOI, AOP, LLP, Local Authority, Co …
Income tax rates for fy 2016-17
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WebSep 21, 2016 · Tax credit of Rs. 5,000 is allowed for person whose income doesn’t exceed Rs. 500,000. If the total tax payable is less than Rs. 5000, rebate is restricted to total tax payable. Surcharge on Income Tax: 15% of the Income Tax payable, in case the total taxable income exceeds Rs.10,000,000. WebFeb 12, 2024 · Maharashtra Professional Tax Slab Rates for Financial Year 2016-17 State Government of Maharashtra levies Professional Tax at the rate of Rs. 200/- for 11 months and Rs.300/- for the last month. Women who earn Salary up to Rs.10,000/- per month are exempted from paying Professional Tax.
WebAug 18, 2016 · Individuals with taxable income below Rs 5,00,000 are allowed to claim a tax rebate of Rs 5,000 on tax payable from FY 2016-17. The limit was raised in Budget 2016 … WebIndividual Income Tax Returns 2016 Individual Income Tax Rates, 2016 28 Act of 2003 (JGTRRA). EGTRRA included a new 10-percent tax rate bracket, as well as reductions in tax rates for brackets higher than 15 percent of one-half percentage point for 2001 and 1 …
WebNov 14, 2016 · Income Tax Rate 2016-17. TAXABLE. INCOME RANGE: RATE OF INCOME TAX: Up to RS.2,50,000: NIL: Rs.2,50,001 to Rs.5,00,000: ... Under Section 10(14), the Budget FY 2016-17 lets you claim Rs. 19,200 tax exemption as transport allowance and Rs. 2,400 tax exemption as Children Education Allowance (CEA) in a financial year. WebNov 19, 2016 · Following are the income tax slab rates and deductions for different categories of tax payers: For Individuals Below 60 Years Of Age For Senior Citizens (Age …
WebDec 11, 2024 · Income tax rates: Basid income tax exemption limit remains at ₹ 2.5 lakh Have you computed how much income tax you need to pay this year? In Budget 2024, the government did not change...
WebAug 14, 2024 · The last date to file returns for the financial year 2015-2016 is July 31st 2016. Income Tax Slabs & Rates for FY 2015-16 (AY 2016-17) The below table gives you clear idea about Income tax slabs / rates for all Tax payer categories. (For general category, Senior Citizens & Very Senior Citizens). greenville sc furniture refinishingWeb4 rows · Feb 29, 2016 · Income Tax Slabs for FY 2016-17 / AY 2024-18 for Local authorities. The rate of ... greenville sc giraffe webcamWebAug 18, 2016 · Here is a primer on income tax slab rates for AY 2016-17 (FY 2015-16). Knowing your income tax slab rate helps you get an idea of how much tax you will be paying in a year. Individuals with ... greenville sc gastroenterology associatesWebJun 13, 2024 · Most filers would be filing tax return for the financial year 2016-17 therefore the tax rates and corresponding income slabs for this FY would be applicable. Click here for the latest income tax slabs and rates 6. Calculate final tax payable Next, compute your final tax dues payable or refund of taxes. greenville sc gay friendlyWebFeb 17, 2024 · 5% of the income tax amount. Subject to marginal relief (If income is greater than Rs.10,00,00,000/-) Education Cess: 2% extra (charged on the amount of income tax + … greenvillesc.gov public recordsWebNov 14, 2016 · TAXABLE. INCOME RANGE. RATE OF INCOME TAX. Up to RS.2,50,000. NIL. Rs.2,50,001 to Rs.5,00,000. 10% of the amount by which the income exceeds Rs.2,50,000. … greenville sc genealogy home pageWebFeb 8, 2016 · Several states changed key features of their individual income tax codes between 2015 and 2016. These changes include: Arkansas lowered its top marginal rate … greenvillesc.gov affordable housing