Academy Of Finance

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Individuals Income Tax Rates FY 2019-20

Individuals Income Tax Rates FY 2019-20 150 150 admin

Under existing rules of the Income Tax Act, 1961, resident Indian and non-resident Indians (NRIs) are taxed according to the same income tax slabs and rates. The following are the IT slabs and slab rates…

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GST: ONE NATION – ONE TAX ?

GST: ONE NATION – ONE TAX ? 150 150 admin

The Goods and Services Tax (GST) was implemented effective Jul 1’2017 as biggest tax reform since independence. Idea is to subsuming almost all the indirect taxes at the central and state level into one tax.…

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