Income Tax Rates for Assessment Year 2022-2023

Income Tax Rates for Assessment Year 2022-2023 The present article covers the income tax slab rates as applicable for the Assessment Year 2021-2022 (Financial Year 2021-2022). Income tax slab for individuals (including resident senior citizen and resident super senior citizen)…

Income Tax Rates 2018 – Finance Act, 2018

Income Tax Rates - Finance Act, 2018 The following are the income tax rates applicable for various types of taxpayers under the Finance Act, 2018. Check out the income tax calculator for checking income tax payable. Individual, HUF, BOI, AOP…

Depreciation Rate for Furniture, Plant & Machinery

Depreciation Rate for Furniture, Plant & Machinery Depreciation can be claimed under the Income Tax Act for the investment made in furniture, plant and machinery by an assessee during the financial year. Plant for the purposes of Income Tax includes…

Depreciation Rate for Building

Depreciation Rate for Building Depreciation allowance is provided under the Income Tax Act for building. The word building has however not been defined under the Income Tax Act and must be construed based on the ordinary grammatical sense, together with…