Executive Name: Mr. Pramod Kumar
Address: Singh More, Hatia, Ranchi
Email Address: info@lemonwebtech.com, seopramod@gmail.com
Telephone: 91-7209831889
WhatsApp : 7050599189
It is time for all of us to start filing our income tax return (ITR). It becomes all the more important to file it on time this year as there is a penalty for missing the deadline. The government has decided to extend the deadline of filing ITR by one month to August 31. The maximum penalty you are required to pay is Rs 10,000 for missing the deadline. To make the process of filing your easier, it is a good idea to keep all the necessary documentary proof handy. Without it, filing your tax retur ..
This year, the income tax department has asked taxpayers using ITR1 to file their return to provide a break-up of their gross salary income and income earned from one house property during the FY 2017-18. This is why chartered accountants are advising taxpayers to collect all the documents related to their income earned during the financial year.
Call. 7209831889/WhatsApp :7050599189
If you are a salaried person, this is one of the most important documents for you to file your ITR. Abhishek Soni, CEO, tax2win.in, a tax-filing company, says "Form-16 is a TDS certificate issued to you by your employer to provide details of the salary paid to you and TDS deducted on it, if any. It is mandatory for your employer to issue Form-16 if your employer has deducted TDS from your salary. If no TDS is deducted from your salary, then you can request your employer to provide you the same." ..
Income Tax Slab Tax Rate
Up to Rs.2,50,000 NIL
Above Rs.2,50,000 and up to Rs.5,00,000 5%
Above Rs.5,00,000 and up to Rs.10,00,000 20%
Above Rs.10,00,000 30%
*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.
*15% of tax will be taken paid as surcharge if total income is above Rs.1 crore.
For Individuals and HUF (Age - 60 years and above, but below 80 years) :
Income Tax Slab Tax Rate
Up to Rs.3,00,000 NIL
Above Rs.3,00,000 and up to Rs.5,00,000 5%
Above Rs.5,00,000 and up to Rs.10,00,000 20%
Above Rs.10,00,000 30%
*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.
*15% of tax will be taken as surcharge if total income is above Rs.1 crore.
For Super Senior Citizens (Age - 80 years and above) :
Income Tax Slab Tax Rate
Up to Rs.5,00,000 NIL
Above Rs.5,00,000 and up to Rs.10,00,000 20%
Above Rs.10,00,000 30%
*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.
*15% of tax will be taken as surcharge if total income is above Rs.1 crore.
Income Tax Slab (2016 – 2017) :
For Individuals and HUF (Age - Below 60 years) :
Income Tax Slab Tax Rate
Up to Rs.2,50,000 NIL
Above Rs.2,50,000 and up to Rs.5,00,000 10% of the amount exceeding Rs.2,50,000
Above Rs.5,00,000 and up to Rs.10,00,000 20% of the amount exceeding Rs.5,00,000
Above Rs.10,00,000 30% of the amount exceeding Rs.10,00,000
*12% surcharge has to be paid if total income is more than Rs.1 crore.
For Senior Citizens (Age - 60 years and above, but below 80 years) :
Up to Rs.2,50,000 NIL
Above Rs.2,50,000 and up to Rs.5,00,000 5%
Above Rs.5,00,000 and up to Rs.10,00,000 20%
Above Rs.10,00,000 30%
*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.
*15% of tax will be taken paid as surcharge if total income is above Rs.1 crore.
For Individuals and HUF (Age - 60 years and above, but below 80 years) :
Income Tax Slab Tax Rate
Up to Rs.3,00,000 NIL
Above Rs.3,00,000 and up to Rs.5,00,000 5%
Above Rs.5,00,000 and up to Rs.10,00,000 20%
Above Rs.10,00,000 30%
*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.
*15% of tax will be taken as surcharge if total income is above Rs.1 crore.
For Super Senior Citizens (Age - 80 years and above) :
Income Tax Slab Tax Rate
Up to Rs.5,00,000 NIL
Above Rs.5,00,000 and up to Rs.10,00,000 20%
Above Rs.10,00,000 30%
*10% of tax will be taken as surcharge if total income is between Rs.50 Lakhs and Rs.1 crore.
*15% of tax will be taken as surcharge if total income is above Rs.1 crore.
Income Tax Slab (2016 – 2017) :
For Individuals and HUF (Age - Below 60 years) :
Income Tax Slab Tax Rate
Up to Rs.2,50,000 NIL
Above Rs.2,50,000 and up to Rs.5,00,000 10% of the amount exceeding Rs.2,50,000
Above Rs.5,00,000 and up to Rs.10,00,000 20% of the amount exceeding Rs.5,00,000
Above Rs.10,00,000 30% of the amount exceeding Rs.10,00,000
*12% surcharge has to be paid if total income is more than Rs.1 crore.
For Senior Citizens (Age - 60 years and above, but below 80 years) :
