Tuesday, 29 January 2019
General Knowledge
Who was the 1st martyr of Independence India?
Answer: Mangal Pandey
When Sepoy Mutiny was held and against whom?
Answer: Sepoy Mutiny was held on 1857-1858 against British Rule in India
Who was the first president of independent India?
Answer: Rajendra Prasad
Who was the first governor of Bengal and which year he had appointed?
Answer: Warren Hastings was the first governor of Bengal who appointed on 20/10/1773
Who was the first governor of India and which year he had appointed?
Answer: Lord William Bentinck was the first governor of India who appointed in the year 1833.
Answer: Mangal Pandey
When Sepoy Mutiny was held and against whom?
Answer: Sepoy Mutiny was held on 1857-1858 against British Rule in India
Who was the first president of independent India?
Answer: Rajendra Prasad
Who was the first governor of Bengal and which year he had appointed?
Answer: Warren Hastings was the first governor of Bengal who appointed on 20/10/1773
Who was the first governor of India and which year he had appointed?
Answer: Lord William Bentinck was the first governor of India who appointed in the year 1833.
Thursday, 17 January 2019
Sunday, 23 December 2018
Saturday, 22 December 2018
Monday, 22 October 2018
Income Tax Slab Rates for F.Y. 2018-19 & A.Y. 2019-2020 (Non-individual)
Income Tax Slab Rates for
F.Y. 2018-19 & A.Y. 2019-2020 (Non-individual)
Income tax rates on partnership firms, corporate
income tax, income tax on co-operative societies and Local Authorities, being a
resident of India.
1. Income
Tax on Partnership Firm (Including LLP) / Local Authorities
Sl.
No.
|
Net
Income Level
|
Rate
of Income Tax
|
i.
|
Income up to 1
(One) Crore
|
30% (No Surcharge)
|
ii.
|
Income greater than
1 (One) Crore
|
30% (12% Surcharge)
|
Note: 1. Health
and Education Cess @4% applicable for all cases
2. Corporate/Company
Income Tax
Sl.
No.
|
Gross
Turnover
|
Tax Rate
|
Domestic Company
|
||
i.
|
up to 250 Crore
|
25%
|
ii.
|
Exceeding 250 Crore
|
30%
|
Sl.
No.
|
Particulars
|
Tax Rate
|
Foreign Company
|
||
i.
|
Income Tax @50% on (i) Royalty received from government or an
Indian concern in pursuance of an agreement (approved by Central government)
between April 1, 1961 and 31 March, 1976 (ii) Fees for providing technical
services in pursuance of an agreement (approved by Central government) made
between February 29, 1964 and April 1, 1976
|
50%
|
ii.
|
Any other income
|
40%
|
Sl.
No.
|
Taxable
Income
|
Surcharge
|
|
Domestic Company
|
Foreign Company
|
||
i.
|
Up to Rs. 1 Crore
|
NIL
|
NIL
|
ii.
|
Exceeding Rs. 1 Crore
|
7%
|
2%
|
iii.
|
Exceeding Rs. 10 Crore
|
12%
|
5%
|
Note: 1. Health
and Education Cess @4% applicable for all cases
Note: 2. Surcharges:
(i): Domestic
Company: However, the amount of Income Tax and Surcharge shall not be increased
the amount of Income Tax payable on a Taxable Income of Rs. 1,00,00,000 by more
than the amount of Increase in Taxable Income
(ii) Domestic
Company: However, the amount of Income Tax and Surcharge shall not be increased
the amount of Income Tax payable on a Taxable Income of Rs. 10,00,00,000 by
more than the amount of Increase in Taxable Income
(iii) Foreign Company: However,
the amount of Income Tax and Surcharge shall not be increased the amount of Income
Tax payable on a Taxable Income of Rs. 1,00,00,000 by more than the amount of Increase
in Taxable Income
(iv) Foreign Company: However,
the amount of Income Tax and Surcharge shall not be increased the amount of Income
Tax payable on a Taxable Income of Rs. 10,00,00,000 by more than the amount of Increase
in Taxable Income
3. Income
tax on Cooperative Societies
Sl.
No.
|
Net
Income Level
|
Rate
of Income Tax
|
i.
|
Income up to 10000
|
10% (No Surcharge)
|
ii.
|
Income Rs. 10001 to
Rs. 20000
|
20% (No Surcharge)
|
iii.
|
Income Rs. 20001 to
Rs. 10000000
|
30% (No Surcharge)
|
Iv
|
Income more than 1
(One) Crore
|
30% (12% Surcharge)
|
Note: 1. Health
and Education Cess @4% applicable for all cases
Income Tax Slab F.Y. 2018-19 & A.Y. 2019-2020 (Salary)
Income Tax Slab F.Y. 2018-19
& A.Y. 2019-2020 (Salary). Individual,
HUF, BOI, AOP, AJP below the age of 60 years, being a resident of India.
Sl.
No.
|
Net
Income Level
|
Rate
of Income Tax
|
i.
|
Income Less than
Rs. 2.5 Lakh
|
NIL
|
ii.
|
Income greater than
Rs. 2.5 Lakh but Less than Rs. 5 Lakh
|
5% of balance
amount which exceeds Rs. 2.5 Lakh
Tax
Relief u/s 87A - Rebate u/s 87A Rs. 5000/- for
individuals having total income (taxable income) up to Rs. 3.5 lakhs.
|
iii.
|
Income greater than
Rs. 5 Lakh but Less than Rs. 10 Lakh
|
Rs. 12500/- Plus
20% of balance amount which exceeds Rs. 5 Lakh
|
iv.
|
Income greater than
Rs. 10 Lakh
|
Rs. 112500/- Plus
30% of balance amount which exceeds Rs. 10 Lakh
|
Note: 1. Cess@4%
extra applicable for all cases
Note 2. Surcharge :
a) 10% of the Income Tax, where taxable income is
more than Rs. 50 Lacs up to Rs. 1 Crore.
b) 15% of the Income Tax, where taxable income is
more than Rs. 1 Crore.
Income Tax Slab F.Y.
2018-19 & A.Y. 2019-2020 (Salary). Individual
age of 60 years or above but less than 80 years, being a resident of India.
Sl.
No.
|
Net
Income Level
|
Rate
of Income Tax
|
i.
|
Income Less than
Rs. 3 Lakh
|
NIL
|
ii.
|
Income greater than
Rs. 3 Lakh but Less than Rs. 5 Lakh
|
5% of balance
amount which exceeds Rs. 3 Lakh
|
iii.
|
Income greater than
Rs. 5 Lakh but Less than Rs. 10 Lakh
|
Rs. 10000/- Plus
20% of balance amount which exceeds Rs. 5 Lakh
|
iv.
|
Income greater than
Rs. 10 Lakh
|
Rs. 110000/- Plus
30% of balance amount which exceeds Rs. 10 Lakh
|
Note: 1. Cess@4%
extra applicable for all cases
Note 2. Surcharge :
a) 10% of the Income Tax, where taxable income is
more than Rs. 50 Lacs up to Rs. 1 Crore.
b) 15% of the Income Tax, where taxable income is
more than Rs. 1 Crore.
Income Tax Slab F.Y.
2018-19 & A.Y. 2019-2020 (Salary). Individual
age of 80 years or above, being a resident of India.
Sl.
No.
|
Net
Income Level
|
Rate
of Income Tax
|
i.
|
Income Less than
Rs. 5 Lakh
|
NIL
|
ii.
|
Income greater than
Rs. 5 Lakh but Less than Rs. 10 Lakh
|
20% of balance
amount which exceeds Rs. 5 Lakh
|
iii.
|
Income greater than
Rs. 10 Lakh
|
Rs. 100000/- Plus
30% of balance amount which exceeds Rs. 10 Lakh
|
Note: 1. Cess@4% extra
applicable for all cases
Note 2. Surcharge :
a) 10% of the Income Tax, where taxable income is
more than Rs. 50 Lacs up to Rs. 1 Crore.
b) 15% of the Income Tax, where taxable income is
more than Rs. 1 Crore.
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