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1. cleartax.in › s › income-tax-slabsIncome Tax Slabs FY 2023-24 & AY 2024-25 (New ... - ClearTax

   cleartax.in › s › income-tax-slabs

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   5 days ago · Latest Income Tax Slab & Tax Rates in India for FY 2023-24 (AY 2024-25): Check out the latest income tax slabs and rates as per the New tax regime and Old tax regime.

   • Last Date To File ITR

     Taxpayers filing their return after the due date will have...

   • Standard Deduction

     Calculate taxes- Income Tax Calculator – FY 2020-2021, AY...

   • Capital Gains Tax

     unlisted shares (those shares which are not listed in a...

   • Surcharge is a Tax on Tax

     The FM has proposed to reduce the highest surcharge rate on...

   • How to File ITR Online

     An Income Tax Return (ITR) is a form that enables a taxpayer...

   • Which ITR Should I File

     This article provides an in-depth understanding of the...

   • Income Tax Rebate Under Section 87A

     Tax Rebate Under Section 87A: Find out Who can claim Income...

   • House Property

     This is taxed at the slab rate applicable to you. g. Loss...

2. economictimes.indiatimes.com › wealth › taxIncome tax slab rates for FY 2024-25 (AY 2025-26) - The ...

   economictimes.indiatimes.com › wealth › tax

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   3 days ago · Rs 2,50,001 to Rs 5,00,000. 5%. Rs 5,00,001 to Rs 10,00,000. 20%. Rs 10,00,001 and above. 30%. The above income tax slabs table is applicable for individuals below 60 years of age. Cess at 4% will be levied on the income tax amount payable. Surcharge will be applicable on incomes above Rs 50 lakh.

3. cleartax.in › s › short-term-capital-gain-on-sharesShort Term Capital Gain on Shares (Section 111A of Income Tax ...

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   3 days ago · For short-term gains, applicable tax rate is 15% under Section 111A, eligible on equity shares listed on recognized stock exchange and subject to STT. Adjustments against basic exemption limit can be made for Indian residents.

4. cleartax.in › s › taxation-on-income-earned-fromTaxation of Income Earned From Selling Shares - ClearTax

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   3 days ago · What if your tax slab rate is 10% or 20% or 30%? A special rate of tax of 15% is applicable to short-term capital gains, irrespective of your tax slab . Long-Term Capital Gains (LTCG)

5. cleartax.in › s › tax-planning-under-matTax Planning Under Minimum Alternate Tax (MAT): Eligibilty ...

   cleartax.in › s › tax-planning-under-mat

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   2 days ago · Tax liability as per the MAT provisions are given in Sec 115JB (The tax rate is 15% of Book Profits plus 4% education cess plus a surcharge, if applicable, with effect from AY 2020-21 (FY 2019-20)). Prior to FY 2019-20, the MAT rates were 18.5%.

6. cleartax.in › s › corporate-taxCorporate Tax in India: Meaning and Tax Rate - ClearTax

   cleartax.in › s › corporate-tax

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   Feb 28, 2024 · Personal Income Tax: The income-tax paid by the individual taxpayers is the personal income tax. Individuals get taxed on the basis of tax slabs at different rates. Corporate Tax: The income-tax paid by domestic companies, and foreign companies on their income in India is corporate income-tax (CIT).

7. People also ask

   How much is a capital gains tax liability in India?

   • Tax Liability = 90,000 * 15% = INR 13,500. The ITR Form under which the taxpayer needs to report income from capital gains includes ITR-2 and ITR-3. Taxpayers must report income from capital gains in sr.no. A2 of Schedule CG of the ITR.

   Section 111A: Tax on Short-Term Capital Gain - Learn by Quicko

   learn.quicko.com/short-term-capital-gain-tax-on-shares-section-111a

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   What is the income tax rate for partnership Firm & LLP?

   • Income tax rate for Partnership firm or LLP as per old/ new regime. A partnership firm/ LLP is taxable at 30%. NOTE: NOTE: Income tax exemption limit is up to Rs.3 lakh for senior citizens aged above 60 years but less than 80 years.

   Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Ra…

   cleartax.in/s/income-tax-slabs

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   How is income taxed in India?

   • Under the income tax laws, the income is divided into five categories. These categories are as follows: a) Income from salaries, b) Income from house property, c) Income from capital gains, c) Income from business and profession and c) Income from other sources.

   Income tax slab rates for FY 2024-25 (AY 2025-26)

   economictimes.indiatimes.com/wealth/tax/income-tax-slab-rates-for-fy-2024-25-ay-2025-26/articleshow/110722424.cms

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   How much tax will I pay on 1 lakh?

   • Deductions, if any, will be reduced from your Income taxable at slab rates. The un-exhausted part of the basic exemption limit of 2.5 lakhs will be reduced from you Capital Gains. So, in the above case you’ll have to pay 15% tax on 1 lakh.

   Section 111A: Tax on Short-Term Capital Gain - Learn by Quicko

   learn.quicko.com/short-term-capital-gain-tax-on-shares-section-111a

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8. learn.quicko.com › short-term-capital-gain-tax-onSection 111A: Tax on Short-Term Capital Gain - Learn by Quicko

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   Feb 21, 2024 · Section 111A specifically deals with the short-term capital gain taxes that arise from selling listed equity shares, equity mutual funds, and units of business trust, provided Securities Transaction Tax (STT) has been paid.