Answer Posted / jagadish kumar

Taxable income slab (Rs.) Rate (%)
Up to 1,50,000
Up to 1,80,000 (for women)
Up to 2,25,000 (for resident individual of 65 years or
above) NIL
1,50,001 – 3,00,000 10
3,00,001 – 5,00,000 20
more then 5,00,000 30

A surcharge of 10 per cent of the total tax liability is
applicable where the total income exceeds Rs 1,000,000.


* Education cess is applicable @ 3 per cent on income tax,
inclusive of surcharge if there is any.

* A marginal relief may be provided to ensure that the
additional IT payable, including surcharge, on excess of
income over Rs 1,000,000 is limited to an amount by which
the income is more than this mentioned amount.

* Agricultural income is exempt from income-tax.

When is a dedit note raised When is an expense booked

2127

---

what are the differences between Tally and Focus?

7944

---

can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

2417

---

i am the student of icwai (intermidiate) What is the tds and how use the different state ..

2129

---

What are the duties of sales tax department? Explain it

2233

---

1.how can carry forward the balance of ledgers to the next financial year in tally erp 9

2033

---

If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

2239

---

What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5951

---

In SAP FICO How many ways we are Procuring the assets in the Company?

2664

---

What do you mean Business

2269

---

What is EBITDA

1879

---

What is the important of cash in a business unit

2008

---

What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

2910

---

How can a shopkeeper maintain the daily data in tally

4198

---

explain about mergers & aquisitions? asked on 30/7/09

2250

---