Highlights of 48th GST Council Meeting: The 48th GST Council meeting was chaired by Union Finance Minister Smt. Nirmala Sitharaman via virtual mode in New Delhi.
Income Tax Rates for Financial Year (FY) 2022-23/ Assessment Year (AY) 2023-24: In this section, you will learn about the normal tax rates applicable to different taxpayers. Normal tax rates for Individuals & HUF The normal tax rates that apply to a resident individual depend on that person’s age. However, regardless of age, the tax […]
Individuals and HUFs can opt for the Existing Tax Regime or the New Tax Regime with lower rate of taxation (u/s 115 BAC of the Income Tax Act). The taxpayer opting for concessional rates in the New Tax Regime will not be allowed certain Exemptions and Deductions (like 80C, 80D,80TTB, HRA) available in the Existing […]
In this post, we will see in detail the Rates of Income-tax for the assessment year 2021-22 ( for the Financial Year 2020-21). Individuals In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Assessment Year 2021-22 [Financial Year 2020-21] Individuals […]