9911796707
TMI BlogIndividual, HUF, association of persons, body of individuals, artificial juridical person. [Rates for deduction of income-tax at source (TDS) from “Salaries”, computation of “advance tax” during the FY 2024-25 (Assessment Year 2025-26)]X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2024 With effect from assessment year 2025-26, it is proposed that the following rates provided under the proposed clause (ii) of sub-section (1A) of section 115BAC of the Act shall be the rates applicable for determining the income-tax payable in respect of the total income of a person, being an individual or Hindu undivided family or association of persons [other than a co-operative society], ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) or HUF or every association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Act (not being a case to which any other Paragraph of Part III applies) are as under: Upto Rs. 2,50,000 Nil. Rs. 2,50,001 to Rs. 5,00,000 5% Rs. 5,00,001 to Rs. 10,00,000 20% Above Rs. 10,00,000 30% (ii ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the provisions of sections 111A , 112 and 112A of the Act) exceeding fifty lakh rupees but not exceeding one crore rupees, at the rate of 10% of such income-tax; (b) having a total income (including the income by way of dividend or income under the provisions of sections 111A , 112 and 112A of the Act) exceeding one crore rupees, at the rate of 15% of such income-tax; (c) having a total income ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income chargeable under section 111A , section 112 and section 112A of the Act, the rate of surcharge on the amount of income-tax computed in respect of that part of income shall not exceed 15%. 4.2 Provided further that in case of an association of persons consisting of only companies as its members, the rate of surcharge on the amount of income-tax shall not exceed 15%. 4.3 Further, for person ..... X X X X Extracts X X X X X X X X Extracts X X X X
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