Tag Archives: tax rates

What is Minimum Alternate Tax

Minimum Alternate Tax (MAT) is the income tax payable by a company (both Indian or foreign company). MAT is required to pay by a company in case where the income tax payable by them under normal provision of income tax … Continue reading

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Slab rates for Assessment year 2012-13

Slab rate for Residents Individuals for Assessment year 2012-13 in short:- Income Rate Upto Rs 180000Upto Rs 190000 (for women) Upto Rs 250000 (for resident individual of 60years till 80 year Nil Rs 180001 to 500000 10% Rs 500001 to … Continue reading

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