WebFlat rate of 30% on the total income after deduction of interest and remuneration to partners/Designated Partners at the specified rates + Surcharge of 12% if Total Income exceeds 1 Crore and will be further increased by education cess secondary and higher education cess @ 3% on Income-tax (Wef A.Y. 2024-20 health and education cess @ 4% … Web• a non-resident as per the Income-tax Act, 1961; • of the age of eighty years or more at any time during the previous year; or • not a citizen of India. Note: 1. The exemptions provided are subject to modifications depending on subsequent Government Notifications on this …
PROFIT AFTER TAX - The Economic Times
WebAug 3, 2024 · Taxable salary – INR 11 lakhs. Tax payable – 12500 + 20% of 5 lakhs + 30% of INR 1 lakh = = INR 142,500. TDS deducted per month = 142500/12 = INR 11875. So, even though the net salary, without bonus, was in the lower tax slab (between INR 5 lakhs and INR 10 lakhs), the bonus declaration placed the net salary in the higher tax slab (INR 10 ... WebApr 10, 2024 · If you invested Rs 10 lakh in a stock today and made an STCG of Rs 3 lakh within 1 year of holding, you would have a net gain of Rs 13 lakh. Your short-term capital gains will be taxed at Rs ... bissell powerclean rewind pet vacuum parts
New vs Old Income Tax Regime: Why Taxpayers Must Choose …
WebJun 24, 2024 · Calculating net profit after tax involves using operating income and the result of your tax rate equation. Multiply the two items together, and the result is the net profit … WebJan 4, 2024 · Walmart-owned Flipkart reported revenue of Rs 43,357 crore for the financial year 2024-21 (FY21), a 25 per cent jump over FY20, as net loss narrowed 23 per cent to Rs 2,445 crore. The e-commerce firm’s total expenses were Rs 45,801 crore, showed regulatory documents sourced from business intelligence platform Tofler. WebMay 27, 2024 · Profit before taxes is the earnings just before making the tax payments. And PAT is the profits after payment of tax. PAT is also referred to as net earnings, net income, net profit, or bottom line. Net profit is the key number that determines the final profitability of the company. dar spnaish workd forms