MEDAKBADI Income Tax Software 2021-22 – MEDAKBADI VIJAYKUMAR INCOME TAX SOFTWARE 2021-22 DOWNLOAD

MEDAKBADI Income Tax Software 2021-22 – MEDAKBADI VIJAYKUMAR INCOME TAX SOFTWARE 2021-22 DOWNLOAD

INCOME TAX  FY 2020 – 21 Income Tax Slabs:

There is NO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes!

The tax slabs are determined on age of person. As of today there are 3 slab rates based on age:

  1. Below 60 years of age
  2. Senior Citizens (60 to less than 80 years of age)
  3. Very Senior Citizens (80+ years of age)

The table below gives the tax slab rates:

Income Tax Slab for HUFs & Individuals (below 60 years – for both Men & Women)

New Simple Tax Slab without exemption:

Income Slab Tax Rate
Income up to Rs 2,50,000 No Tax
Income from Rs 2,50,000 – 5,00,000 5%
Income from Rs 5,00,000 – 7,50,000 10%
Income from Rs 7,50,000 – 10,00,000 15%
Income from Rs 10,00,000 – 12,50,000 20%
Income from Rs 12,50,000 – 15,00,000 25%
Income more than Rs 15,00,000 30%

Tax Slab with exemption:

Income Slab Tax Rate
Income up to Rs 2,50,000 No Tax
Income from Rs 2,50,000 – 5,00,000 5%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%
  • Surcharge:
    • 10% surcharge on income tax if the total income exceeds Rs 50 Lakhs but below Rs 1 crore
    • 15% surcharge on income tax if the total income exceeds Rs 1 crore but below Rs 2 crore
    • 25% surcharge on income tax if the total income exceeds Rs 2 crore but below Rs 5 crore
    • 37% surcharge on income tax if the total income exceeds Rs 5 crore
  • Health and Education Cess: 4% cess on income tax including surcharge
  • Rebate under Section 87A: Rs 12,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 5 Lakhs

MEDAKBADI Income Tax Software 2021-22 - MEDAKBADI VIJAYKUMAR INCOME TAX SOFTWARE 2021-22 DOWNLOAD
MEDAKBADI Income Tax Software 2021-22 – MEDAKBADI VIJAYKUMAR INCOME TAX SOFTWARE 2021-22 DOWNLOAD

MEDAKBADI Income Tax Software 2021-22 – MEDAKBADI VIJAYKUMAR INCOME TAX SOFTWARE 2021-22 FOR AP EMPLOYEES DOWNLOAD

MEDAKBADI Income Tax Software 2021-22 – MEDAKBADI VIJAYKUMAR INCOME TAX SOFTWARE 2021-22 FOR TS EMPLOYEES DOWNLOAD

error: Content is protected !!