Share |

Rate of Income Tax For "Partnership Firm"
For A.Y. 2014-2015 & A.Y. 2015-2016

For A.Y. 2015-2016
 

Rate of income tax

surcharge

Education Cess

30% on whole of the income

For A. Y. 2014-15 & 2015-2016, 10% Surcharge of IT., if total income exceed 1 Crore

2% of incometax and Additional Secondary & Higher Education Cess @1%isalsolevied on all assessees.

Marginal Relief: In the case of firms having total income exceeding 1 Crore, the total amount payable as income- tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of 1 Crore rupees by more than the amount of income that exceeds 1 Crore.

 
 

More ... Topics @ Taxation System

Basic Concepts on Tax Systems in India
Basis of Charge (Residential Status)
Capital & Revenue- A Distinction Between As Per Income Tax ACT. 1961
Exempted Incomes : www.IncomeTaxManagement.Com
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Co-operative Society
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Company
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Individuals (Males and Females both below the age of 60 years), HUFs, AOPs, BOls
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Minimum Alternate Tax [MAT]
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Partnership Firm
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016) : For Senior Citizen (individuals who is age of 60 years or more but less than 80 years)
Income Tax Rates / Tax Slabs (AY-2014-2015 & 2015-2016)
Section-wise Other Income Tax Rates [For A.Y. 2014-2015 & A.Y. 2015-2016] Specified In The Income Tax Act.
Tax Holiday - FREE TRADE ZONE (FTZ)[ Section 10A]
Tax Holiday : SPECIAL ECONOMIC ZONE [ SECTION 10AA]
Tax Holiday : 100% EXPORT ORIENTED UNDERTAKINS( 100% E.O.U.) [Section-10B]
Tax Holiday : INCOME FROM EXPORT OF ARTISTIC HANDMADE Wooden Articles[Section-10BA]
Tax Holiday- Deduction (Sections 80-IA)
Tax Holiday- Deduction (Sections -80-IAB)
Tax Holiday- Deduction (Sections - 80IB )
Tax Holiday- Deduction (Sections - 80IC)
FREE TRADE ZONE (FTZ)[ Section 10A] : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
SPECIAL ECONOMIC ZONE [ SECTION 10AA] : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
100% EXPORT ORIENTED UNDERTAKINS( 100% E.O.U.) : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
INCOME FROM EXPORT OF ARTISTIC HANDMADE : Tax Holiday (Sections 10A, 10AA, 10B & 10BA)
Taxation Systems in India
Get Updated ....
Tally.ERP 9 Book
 
Guide & FAQ on Tax Knowledgebase @ Taxation Income Tax @ Glance HUF - Formation, Planning & Taxation
Charitable & Religious TRUST NRI (Tax Planning,Saving,Investemnt) Budget 2017-2018 GST (FAQ, Law, Act. Rules, Schedule, Enrollment)

Disclaimer:
All efforts are made to keep the content of this site correct and up-to-date. But, this site does not make any claim regarding the information provided on its pages as correct and up-to-date. The contents of this site cannot be treated or interpreted as a statement of law. In case, any loss or damage is caused to any person due to his/her treating or interpreting the contents of this site or any part thereof as correct, complete and up-to-date statement of law out of ignorance or otherwise, this site will not be liable in any manner whatsoever for such loss or damage.

The visitors may click here to visit the web site of Income Tax Department for resolving their doubts or for clarifications