Thread: Details of Income Tax Deducted for this assessment year? Reply to Thread

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21st March 2013 06:08 PM
arunsharma10
Re: Details of Income Tax Deducted for this assessment year?

Question lacks sufficient information.
Here are certain details that may help you:

10% surcharge on annual income exceeding Rs. 1 crore.
100% tax deduction for contributions on National children funds.
No change in Service tax rate.
No revision of personal income tax slabs.
Service tax levied on all Air conditioned restaurants.
Education cess to continue at 3%


For more details check Income Tax Guidelines
10th October 2012 09:02 AM
dhirajen18
Re: Details of Income Tax Deducted for this assessment year?

Your question is quite incomplete to answer. Anyway I can give you some basic Information for Assessment year 2012-2013.

The basic Exemption Limit on Individual Income:-

Male - 1,80,000.00
Female - 1,90,000.00
Senior Citizen(From 60 years to 80 years) - 2,50,000.00
Supper Senior Citizen(Above 80 years) - 5,00,000.00

Apart from this there is a common deduction of 1,00,000.00 for investment in LIC, NSC etc.

For detailed information you http://www.incometaxindia.gov.inmay log on to
9th October 2012 10:23 PM
potensis
Re: Details of Income Tax Deducted for this assessment year?

Your question lack proper information. To know about your income tax deductions you will have to either contact your tax lawyer or chartered accountant. Your income tax return cannot be availed in educational forum. We do not manage your income tax file.

However, if your question in any manner indicates that you want to know about the income tax applicable to citizens of India for the year 2012-13 the follow the official website of the government of India:
http://financeminister.in/latest-india-income-tax-slabs
10th August 2012 10:40 PM
Unregistered
Details of Income Tax Deducted for this assessment year?

Please show me the details of income tax deducted for assessment year-2012-2013

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