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An Overview Of The Income Tax Slabs For Individuals
by Legal Advice
- 3 year ago |  554
author
  • Upto 2.5 lakhs- No Tax.
  • Above 2.5 lakhs to 5 lakhs- 5% + 4% cess.
  • Above Rs. 5 lakhs to Rs.10 Lakhs- 20% + 4% cess
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Tax Slabs For Firms And Domestic Companies For FY 2019-20
by Legal Advice
- 3 year ago |  537
author
  • Income Tax for turnover upto Rs. 400 crores- Firms- 30%, Domestic companies- 25%
  • Income Tax for turnover above Rs. 400 crores- Firms- 30%, Domestic companies- 30%
  • Surcharge- Firms-12% of income tax in case the total income exceeds Rs. 1 Crore. Domestic companies-7% of tax in case income is more than Rs. 1 Cr but less than Rs. 10 Cr. 10% of tax when income is more than Rs. 10 Cr.
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