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    BB Sir - Compact Nov 24 (CAF) - 10

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    bgmitest487

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    © All Rights Reserved
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    BB Sir - Compact Nov 24 (CAF) - 10

    Uploaded by

    bgmitest487
    1 views1 page

    Original Title

    BB Sir - Compact Nov 24 (CAF)-10

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    1 views1 page

    BB Sir - Compact Nov 24 (CAF) - 10

    Uploaded by

    bgmitest487

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Examples "Zin Lakhs" , =

    |Sr.No. | Total Income Special Total Income | Surcharge applicable on Tax j


    excluding special) Income (CG & Calculated on ; il
    Income Dividend) Special Income | Other Income } 1
    (i) 20 25 45 NIL NIL ; §
    (ii) 45 50 95 10% 10% | i
    (iii) 45 70 115 15% 15% ; §
    (iv) 45 300 345 15% 15% . ;
    (vy) 60 700 760 15% 15% =.
    (vi) 150 250 400 15% 15% } -
    (vii) 150 500 650 15% 15% '; @
    (viii) 300 100 400 15% 25% s)6hCUe
    (ix) 300 250 550 15% 25% 5 §
    (x) 600 100 700 15% 37% ; §

    In case of Company
    Domestic Company Tax Rate =
    Total Turnover or Gross Receipt of P.Y. 2021-22 25% +
    upto = 400 Crore
    Otherwise 30% +
    .| Foreign Company 40% c
    Surcharge: Domestic Company Foreign Company j
    Total Income > % 1 crore but upto & 10 crores 7% 2%
    Total Income > % 10 crores 12% 5%

    In case of Firm, LLP, Local Authority


    Tax Rate: 30%
    Surcharge @ 12% if Total Income more than 1 crore.

    In case of Co. operative society Tax Rate


    Total Income upto = 10,000 10%
    Total Income > = 10,000 but upto % 20,000 20%
    Total Income > = 20,000 30%
    Surcharge: Same a domestic company (7% & 12%)
    In all the above cases Health & Education cess applicable @4% on tax (including SC if any).

    CA Bhanwar Borana Compact

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