Apart from this, the tax rates vary accordingly: The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%.
The effective tax rate for individuals is 39 per cent while the effective corporate tax rate is 25.17 per cent. Different rates apply to individual and corporate business income.
Senior Citizens And Receive A Salary.
Use the simple tax calculator to work out just the tax you owe on your taxable income for the full income.
If An Individual Misses Filing Income Tax Return That He Or She Will Have To Pay Penalty.
For example, in 2017, the marginal tax.
Images References :
Tax Deduction At Source (Tds) Is One Of The Important Compliances Of Income Tax.
Use the simple tax calculator to work out just the tax you owe on your taxable income for the full income.
Apart From This, The Tax Rates Vary Accordingly:
Different rates apply to individual and corporate business income.