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what is assessment year.
what is assesee.
what is tax slab

Answers were Sorted based on User's Feedback



what is assessment year. what is assesee. what is tax slab ..

Answer / poonam

Very next year of Financial year is Assesment Year
For Example : If Financial year is 2008-2009 the the
assesment year will be 2009-2010.

The Firm is assesee

Is This Answer Correct ?    25 Yes 3 No

what is assessment year. what is assesee. what is tax slab ..

Answer / suvash

Assessment year started from 1st April to 31st March, the
period is one year .
Assesee is person who is liable to pay tax.e.g. company,
individual person ,firm etc
for the assessement year 9/10
upto 160000 (individual)= Nil
upto 190000 (women) = Nil
upto240000 (sinior citizen)=nil
160001,190001,240001 - 300000= 10%
300001 - 500000 = 20%
above 500001 = 30%
education cess is 3%, and surcharge is 10% above 10000000
applicable.

Is This Answer Correct ?    16 Yes 2 No

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