Kool_SRG Posted February 1, 2020 Report Posted February 1, 2020 New Income Tax Rates Live: Old Tax Slab Individual who are below age 60, currently, total income up to Rs 2.5 lakh is exempted from tax. For income between Rs 2.5 lakh and Rs 5 lakh, one needs to pay tax @ 5 per cent. On higher income between Rs 5 lakh and Rs 10 lakh, one needs to pay tax @ 20 per cent, while for income above Rs 10 lakh, one needs to pay tax @ 30 per cent. One also needs to pay cess of 4 per cent on the amount of tax. Individual who are between 60 and 80 years, currently, total income up to Rs 3 lakh is exempted from tax. For income between Rs 3 lakh and Rs 5 lakh, one needs to pay tax @ 5 per cent. On higher income between Rs 5 lakh and Rs 10 lakh, one needs to pay tax @ 20 per cent, while for income above Rs 10 lakh, one needs to pay tax @ 30 per cent. One also needs to pay cess of 4 per cent on the amount of tax. Individual who are above age 80, currently, total income up to Rs 5 lakh is exempted from tax. For income between Rs 5 lakh and Rs 10 lakh, one needs to pay tax @ 20 per cent. On higher-income above Rs 10 lakh, one needs to pay tax @ 30 per cent, while for income above Rs 10 lakh, one needs to pay tax @ 30 per cent. One also needs to pay cess of 4 per cent on the amount of tax. Quote
snoww Posted February 1, 2020 Report Posted February 1, 2020 3 minutes ago, Kool_SRG said: New Income Tax Rates Live: Old Tax Slab Individual who are below age 60, currently, total income up to Rs 2.5 lakh is exempted from tax. For income between Rs 2.5 lakh and Rs 5 lakh, one needs to pay tax @ 5 per cent. On higher income between Rs 5 lakh and Rs 10 lakh, one needs to pay tax @ 20 per cent, while for income above Rs 10 lakh, one needs to pay tax @ 30 per cent. One also needs to pay cess of 4 per cent on the amount of tax. Individual who are between 60 and 80 years, currently, total income up to Rs 3 lakh is exempted from tax. For income between Rs 3 lakh and Rs 5 lakh, one needs to pay tax @ 5 per cent. On higher income between Rs 5 lakh and Rs 10 lakh, one needs to pay tax @ 20 per cent, while for income above Rs 10 lakh, one needs to pay tax @ 30 per cent. One also needs to pay cess of 4 per cent on the amount of tax. Individual who are above age 80, currently, total income up to Rs 5 lakh is exempted from tax. For income between Rs 5 lakh and Rs 10 lakh, one needs to pay tax @ 20 per cent. On higher-income above Rs 10 lakh, one needs to pay tax @ 30 per cent, while for income above Rs 10 lakh, one needs to pay tax @ 30 per cent. One also needs to pay cess of 4 per cent on the amount of tax. Adi enti upto 5 lakhs zero tax ani esaru gaa PPT lo. Only above 80 age vallaka Quote
Kool_SRG Posted February 1, 2020 Report Posted February 1, 2020 5 minutes ago, snoww said: Adi enti upto 5 lakhs zero tax ani esaru gaa PPT lo. Only above 80 age vallaka Thats old tax regime slabs info.. Quote
DummyVariable Posted February 1, 2020 Report Posted February 1, 2020 22 minutes ago, hyperbole said: last 50 years lo mana failure is to bring more people under direct taxation..that should not be an excuse to tax salaried class more tax evading gujju businessmen Quote
snoww Posted February 1, 2020 Report Posted February 1, 2020 Just now, Kool_SRG said: Thats old tax regime slabs info.. Ok. New lo up to 5 lakhs no tax aa regardless of age ? Quote
Kool_SRG Posted February 1, 2020 Report Posted February 1, 2020 1 minute ago, DummyVariable said: tax evading gujju businessmen Eedchi thanthe sagam desam lo sagam black money aalla dhaggare untaadi... Quote
johnydanylee Posted February 1, 2020 Report Posted February 1, 2020 Taxes kattede employees..vallake band padutundi eppudaina Better be a Quote
Kool_SRG Posted February 1, 2020 Report Posted February 1, 2020 Just now, snoww said: Ok. New lo up to 5 lakhs no tax aa regardless of age ? Yes... Quote
jua_java Posted February 1, 2020 Report Posted February 1, 2020 50 minutes ago, hyperbole said: anni tax exemptions lepesindi..housing loans interest, small savings, heath and life insurance..there is no incentive for people to buy a house ..construction industry inka mingabetta laga unnadi. E love da country lo tax katte vade red flower ! Migilina vala andariki goru muddha pappu chekka ani raka rakala schemes vuntayi sincere ga tax katte valaki matram TDS or direct pay check nunche mingestadi govt ! Evadi sommu evariko panchipdutundi ! 1 Quote
DummyVariable Posted February 1, 2020 Report Posted February 1, 2020 14 minutes ago, Kool_SRG said: Eedchi thanthe sagam desam lo sagam black money aalla dhaggare untaadi... India is poor because of their selfishness Quote
Kool_SRG Posted February 1, 2020 Report Posted February 1, 2020 48 minutes ago, babu_bangaram said: I think you can opt for all of these deductions and be in old model of taxation with old tax brackets or new model of tax bracket ............ Thats just for now soon they will say TATA to old regime this is step in that direction... Mostly what a particular company would opt where a employee works will be key, companies may not give chances to employees would say if required file IT return individually for any deductions.. Quote
Kool_SRG Posted February 1, 2020 Report Posted February 1, 2020 1 hour ago, Hydrockers said: Dimpindi employees ka or CA laka New Regime toh CA gaallaki pani perigudhi, inka complicate avuthondi... Quote
bhaigan Posted February 1, 2020 Report Posted February 1, 2020 2 hours ago, Kool_SRG said: Eedchi thanthe sagam desam lo sagam black money aalla dhaggare untaadi... Doubt aa Quote
futureofandhra Posted February 1, 2020 Report Posted February 1, 2020 2 hours ago, jua_java said: E love da country lo tax katte vade red flower ! Migilina vala andariki goru muddha pappu chekka ani raka rakala schemes vuntayi sincere ga tax katte valaki matram TDS or direct pay check nunche mingestadi govt ! Evadi sommu evariko panchipdutundi ! Rupee value going down this percentage change not going to help Quote
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