Answer Posted / tax beginner
TDS/IT Rates are applicable as per Income Slabs, the same
is given in the table below.
Assessment Year - 2010-2011
Previous Year – 2009-10
Income upto Rs 1.6 lakh - Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh - 10%
Income above Rs.5 lakh and upto Rs. 10 lakh - 20%
Income above Rs. 10 lakh - 30%
Assessment Year - 2011-2012
Previous Year – 2010-11
Income upto Rs 1.6 lakh - Nil
Income above Rs 1.6 lakh and upto Rs. 5 lakh - 10%
Income above Rs.5 lakh and upto Rs. 8 lakh - 20%
Income above Rs. 8 lakh - 30%
| Is This Answer Correct ? | 96 Yes | 28 No |
Post New Answer View All Answers
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
I AM A/C'S MANAGER IN CONSTRUCTION CO.WE TAKE TRANSIT MIXTURE ON RENT BASE FROM OUTSIDER.THE SUPPLIER CHARGE VAT ON THAT MACHINERY @ 15%,IS IT TRUE? IF YES PL.SAY ME WHICH SECTION APPLY UNDER THIS LAW OR NOTIFICATION OR CIRCULER FROM COMMERCIAL TAX DEPATMENT.
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.
Need of Bank Reconciliation to a company
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
what is the method of work contract tax computation
How many heads are there under total income?
How can I Return CST Form-I
What do u mean by sales tax and who are sales tax practitioner ?
what was the VAT rate on inverters(home ups) in karnataka on 2016??
how many form used in sales tax return from begining to ending?
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
Type of form use in sales Tax
