Thursday, July 17, 2014

Thursday, July 10, 2014


Income Tax Rate Chart for AY 2015-16 / FY 2014-15

Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person.
(i) The rates of income-tax as applicable for Assessment Year 2015-16 in the case of every individual below the Age of Sixty Years or Hindu undivided family or every association of persons or body of individuals, whether incorporated or not, or  artificial juridical person
Income Slabs
Tax Rates
i.
Where the total income does not exceed Rs. 2,50,000/-.
NIL
ii.
Where the total income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-.
10% of amount by which the total income exceeds Rs. 2,50,000/-
iii.
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-.
Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iv.
Where the total income exceeds Rs. 10,00,000/-.
Rs. 1,25,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.
 (ii)     In the case of every individual, being a resident in India, who is of the age of sixty years or more but less than eighty years at any time during the previous year,—
Income Slabs
Tax Rates
i.
Where the total income does not exceed Rs. 3,00,000/-.
NIL
ii.
Where the total income exceeds Rs. 3,00,000/- but does not exceed Rs. 5,00,000/-
10% of the amount by which the total income exceeds Rs. 3,00,000/
iii.
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-
Rs. 20,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iv.
Where the total income exceeds Rs. 10,00,000/-
Rs. 120,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.
(iii)    in the case of every individual, being a resident in India, who is of the age of eighty years or more at anytime during the previous year,—
Income Slabs
Tax Rates
i.
Where the total income does not exceed Rs. 5,00,000/-.
NIL
ii.
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-
20% of the amount by which the total income exceeds Rs. 5,00,000/-.
iii.
Where the total income exceeds Rs. 10,00,000/-
Rs. 100,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-.

- See more at: http://taxguru.in/income-tax/income-tax-rate-chart-assessment-year-201516-financial-year-201415.html#sthash.Y3VlLjxu.dpuf

Wednesday, June 4, 2014

Bihar Board 10th (Matric) Result 2014 by BSEB Patna 

 BSEB - Class X Examination Announced on 5th June 2014


LINK 1              LINK 2                 LINK 3                          LINK 4





Tuesday, June 3, 2014

Bihar SSC Recruitment 2014 Various posts online link to be opened on 16/06/2014 Bihar SSC official  website http://bssc.bih.nic.in  


click here to apply

Wednesday, April 4, 2012

TDS Rate Chart for Financial Year 2012-13


Male
Female
Senior Citizen
Tax (%)
For Income Between 0 to 1,60,000
For Income Between 0 to 1,90,000
For Income Between 0 to 2,40,000
0
For Income Between 1,60,001 to 3,00,000
For Income Between 1,90,001 to 3,00,000
For Income Between 2,40,001 to 3,00,000
10
For Income Between 3,00,001 to 5,00,000
For Income Between 3,00,001 to 5,00,000
For Income Between 3,00,001 to 5,00,000
20
For Income above 5,00,001
For Income above 5,00,001
For Income above 5,00,001
30

Surcharge

0

Education Cess

3


Form 26Q:
Section
Nature of Payment
Status
Tax (%)
193
Interest on Debentures & Securities
10
194
Deemed Dividend
10
194A
Other Interest
> Aggregate sum exceeding Rs. 10,000 for Banking Co’s , etc.per person during thefinancial year.
> Aggregate sum exceeding Rs. 5,000 per person during the financial year
10
194B
Lottery/Crossword Puzzle > Rs.5,000
30
194BB
Winnings from Horse Race > Rs. 2,500
30

194C

Contracts to Transporter, who has provided a valid PAN

0

Contracts to Individuals/HUF

1

Contracts to others

2

194D

Insurance Commission > Rs.5,000

10
194EE
Withdrawal from NSS > Rs.2,500
20
194F
Repurchase of Units by MF/UTI
20
194G
Commission on Sale of Lottery Tickets > Rs.1,000
10
194H
Commission or Brokerage > Rs.2,500
10

194I

Rent > Rs.1,20,000 p. a.
Rent of Plant & Machinery

2

Rent of Land, Building, Furniture, etc

10
194J
Professional or Technical Fess > Rs.20,000
10
194LA
Compensation on Compulsory Acquisition of immovable property >Rs.1,00,000 during thefinancial year
10

Surcharge

0

EducationCess

0

Note:  If there is no PAN details, then from 1st April 2010 TDS will be deduted at the rate of 20%.
Form 27Q:
Section
Nature of Payment
Status
Tax (%)
194E
Payment to nonresident sportsmen or sports association
10
195(a)
Income from foreign exchange assets payable to an Indian citizen
20
195(b)
Income by way of long-term capital gain referred to in sec. 115E
10
195(c)
Income by way of Short-term capital gains u/s. 111A
15
195(d)
Income from other long-term capital gains
20
195(e)
Income by way of interest payable by Government/Indian concern on money borrowed or debt incurred by Government or Indian concern in foreign currency
20
195(f)
Royalty payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern after March 31, 1976, where such royalty is in consideration for the transfer of all or any rights (including the granting of a licence) in respect of copyright in any book on a subject referred to in the first proviso tosection 115A(1A) to the Indian concern or in respect of computer software referred to in the second proviso to section 115(1A), to a person resident in India -
1.Where the agreement is made before June 1, 1997
30
2.Where the agreement is made after May 31, 1997 but before June 1, 2005
20
3.Where the agreement is made on or after June 1, 2005
10
195(g)
Royalty (not being royalty of the nature referred to in (e) sub para) payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy
1.Where the agreement is made after March 31, 1961 but before April 1, 1976
COMPANY
50
OTHERS
30
2.Where the agreement is made after March 31, 1976 but before June 1, 1997
30
3.Where the agreement is made after May 31, 1997 but before June 1, 1997
20
4.Where the agreement is made on or after June 1, 2005
10
195(h)
Fee for technical services payable by Government or an Indian concern in pursuance of an agreement made by non-resident with the Government or the Indian concern and where such agreement is with an Indian concern, the agreement is approved by the Central Government or where it relates to matter included in the industrial policy, the agreement is in accordance with the policy -
1.Where the agreement is made after February 29, 1964 but before April 1, 1976
COMPANY
50
OTHERS
30
2.Where the agreement is made after March 31, 1976 but before June 1, 1997
30
3.Where the agreement is made after May 31, 1997 but before June 1, 2005
20
4.Where the agreement is made on or after June 1, 2005
10
195(i)
Any other income
COMPANY
40
OTHERS
30
196A
Income in respect of Units of Non-residents
20
196B
Income and Long-term Capital gain from units of an Off shore fund
10
196C
Income and Long-term Capital Gain from Foreign Currency Bonds or shares of indian companies
10
196D
Income of Foreign Institutional Investors for Securities
20

Surcharge ( On Tax)

Applicable for Foreign Companies if payment/credit exceeds Rs.1 crore of such companies

2.5

EducationCess

on Tax deducted Plus Surcharge

3
Form 27EQ:
Collection Code
Nature of Purchase
Tax (%)
6CA
Alcoholic liquor for human consumption
1
6CB
Timber obtained under a forest lease
2.5
6CC
Timber obtained under any mode other than forest lease
2.5
6CD
Any other forest product not being timber or tendu leave
2.5
6CE
Scrap
1
6CF
Parking Lot
2
6CG
Toll plaza
2
6CH
Mining and quarrying
2
6CI
Tendu leaves
5

Surcharge
(On Tax)

Applicable for Foreign Companies if collections exceeds Rs.1 crore of such companies

2.5

EducationCess

Applicable for Foreign Companies

3