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Thursday, 18 May 2017

Income Tax Slab Rate A.Y. 2017-18 (Firm & Local Authority)

Income Tax Charge @ 30% directly on Net Taxable Income Under the Firm & Local Authority.

*Surcharge @ 12% of Income Tax, When the Taxable Income is more than One crore.
*Marginal Relief in surcharge if any applicable.
*Education Cess @ 3% on total Income Tax (Including Surcharge)
*There is no slab rate under this, there is only one single rate which is charged under Income Tax



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