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

- Link: https://amaravathiteacher.com/medakbadi-income-tax-software-2021-22-medakbadi-vijaykumar-income-tax-software-2021-22-download/
- Published: 2021-01-22T16:37:17+05:30
- Author: Venkat

## 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 DOWNLOAD

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