WebFeb 24, 2024 · 3. Local Authority : Income Tax Slab for FY 2024-23 (AY 2024-24 ) and Income Tax Slab for FY 2024-22 (AY 2024-23) For the Assessment Year 2024-23 & 2024-24, a local authority is taxable at 30%. Add: ( a ) Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one … WebFrom 500001 to Rs. 1000000. 20%. Above Rs. 100000. 30%. Notes: Rebate section 87A for FY 2016-17 AY 2024-18 is over and above the above mentioned Slabs Read more>>. Surcharge – has been increased from 12% to 15& if the total income exceeds Rs. 1 crores. Education Cess on income-tax- 2%.
Higher Tax Rate On Income In View Of Amended Section 115BBE - Articles
WebSurcharge on income tax is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. In the Income Tax Act, there is a provision of a … http://www.referencer.in/Income_Tax/Income_Tax_Rates_AY_2024-18.aspx romanplatz apotheke
India - Corporate - Taxes on corporate income - PwC
WebFeb 16, 2024 · The maximum rate of surcharge on income by way of dividend or income under the provisions of Sections 111A, 112A and 115AD is restricted to 15%; The maximum amount of surcharge that can be levied on the tax payable by an individual has been limited to 25% if you opt for the new tax regime (as per Budget 2024) WebFeb 9, 2024 · Rs. 25,000/- + 20 per cent of the amount in excess of Rs. 5,00,000/-. 4. Income more than Rs. 10,00,000/-. Rs. 1,25,000/- + 30 per cent of the amount in excess of Rs. … WebFeb 16, 2024 · The surcharge rates for FY 2024-2024 are the same as FY 2024-2024. However, in case you opt for the new tax regime and your taxable income is more than Rs. … romans 1 financial