25 April 2017

Petrol Price and Taxes In india





  • The cost of petrol in Mumbai is Rs 77.50 per litre owing to a raft of duties and cess.
  • Consumers pay Rs 47.96 per litre in taxes and duties over and above the price at which it lands in the market.

SOURCE : TIMES

13 April 2017

Income Tax Slab Rates For FY 2017-18



Income Tax Slab Rates for FY 2017-18 (AY 2018-19) 
  
Part I: Income tax slab for individual tax payers & HUF below 60 years 
  
Income SlabTax Rate
Income up to ₹ 2,50,000No Tax
Income from ₹ 2,50,000 – ₹ 5,00,0005.00%
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹ 1 crore. 
Cess: 3% on total of income tax + surcharge. 
  
Part II: Income tax slab for individual tax payers & HUF 60 yrs to 80 yrs 
  
Income SlabTax Rate
Income up to ₹ 3,00,000No Tax
Income from ₹ 3,00,000 – ₹ 5,00,0005.00%
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹1 crore. 
Cess: 3% on total of income tax + surcharge. 
  
Part III: Income tax slab for super senior citizens (80 years +) 
  
Income SlabTax Rate
Income up to ₹ 2,50,000No Tax
Income up to ₹ 5,00,000No Tax
Income from ₹ 5,00,000 – 10,00,00020.00%
Income more than ₹ 10,00,00030.00%
Surcharge: 
10% of income tax, where total income is between ₹ 50 lakhs and ₹1 crore. 
15% of income tax, where total income exceeds ₹1 crore. 
Cess: 3% on total of income tax + surcharge. 
*Income up to ₹ 5,00,000 is exempt from tax if you are more than 80 years old. 

For More Information on tax slab and detail kindly Visit https://incometaxindiaefiling.gov.in/

Investment in jogeshwari , investment in behrambaug , investment in jogeshwari west , investment in lokhandwala,investment in oshiwara ,investment in vasihali nagar,investment in patel estate,investment in svroad,invest in jogeshwari,invest in behrambaug,invest in jogeshwari west,stockbroker in jogeshwari west,stock broker in behrambaug,stockbroker in jogeshwari west,stock broker in lokhanwala west , 9892770630,+919892770630