Total Monthly house rent is 40000 rs … Yearly it amounts upto 480000rs … generally this kind of income draws a tax of 20%. is this payable or house rents are exempted from Income Tax rules ?
Tell me till what year these income tax slab rates should be considered whether it is till MARCH 2009?
i am earning Rs 240000 as consultancy fees annually. I would like to know, how much i need to pay as income tax.
Let me now,
Is it a fixed percentage or is there any slabs? Thanks people.
Is this considered separate or Will that be added to the regular income (for example, in case of a salaried person) to decide the slab?
It will be great if someone can explain what happens to a salaried person who is involved in intraday share trading.