Income Tax New Rate Announced for 2014 - 2015 by Government of India
Income Tax New Rate Announced for 2014 - 2015 by Government of India
Income Tax New Rate Announced by Hon’ble Finance Minister, Mr. Arun Jeitley Government of India for 2014 - 2015 . Income Tax is the most important part for development or all round growth (Financial) of the country. Just coming few days ago a new BJP Government and faced the so many problem for high inflation rate. Indian economy is now very very poor. So the Indian Government some changes declared on 10th July, 2014 for the countries development.You have to look all full description from Official Website.
Income Tax Slab for Indian Assesses for 2014 – 2015
| Assessee | Income | Tax |
| Upto Rs. 2,50,000 | Nill | |
| Individuals | 2,50,001 to 5,00,000 | 10% |
| Individuals | 5,00,001 to 10,00,000 | 20% |
| Above of Rs 10,00,000 | 30% (Rs.1,25,000+ 30% of above Rs. 10,000,001) |
You may calculation and know all about the Income Tax purpose from Official Website
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