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Income Tax
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As Per Expert Analysis Date Of Filling Income Tax Returns Might Not Be Extended, Because Last Year Due To Covid-19 CBDT Has Extended Return Filling Date To 31st December 2021.
In Last Year Incometax Department Has Received More Than 5.98 Crores Of ITRs, But In This Year 2.30 Crores Returns Already Submitted And Department Expecting 25 to 30 Lacs Return Per Day, So Might Be Return Filling Date Remains to 31st July 2022 For A.Y 2022-2023.
Posted : 23/07/2022 2:02 pm
| Sr. No | Surcharge in case total income exceeds | Rate of Surcharge (%) |
| 1 | Rs 50,00,000 (including the income under the Provisions of Section 111A, 112 and Section 112A | 10% |
| 2 | Rs 1,00,00,000 (including the income under the Provisions of Section 111A,112 and Section 112A) | 15% |
| 3 | Rs 2,00,00,000 (excluding the income under the Provisions of Section 111A,112 and Section 112A) | 25% |
| 4 | Rs 5,00,00,000 (excluding the income under the Provisions of Section 111A,112 and Section 112A) | 37% |
| 5 | Rs 2,00,00,000 (including the income under the Provisions of Section 111A,112 and Section 112A) , if it is not covered by (3) & (4) Above | 15% |
Posted : 29/08/2022 1:29 pm
Topic starter
| Rates Of Surcharge | |||||
| Sr. No | Surcharge in case total income exceeds | Rate of Surcharge (%) | |||
| 1 | Rs 50,00,000 (including the income under the Provisions of Section 111A, 112 and Section 112A | 10% | |||
| 2 | Rs 1,00,00,000 (including the income under the Provisions of Section 111A,112 and Section 112A) | 15% | |||
| 3 | Rs 2,00,00,000 (excluding the income under the Provisions of Section 111A,112 and Section 112A) | 25% | |||
| 4 | Rs 5,00,00,000 (excluding the income under the Provisions of Section 111A,112 and Section 112A) | 37% | |||
| 5 | Rs 2,00,00,000 (including the income under the Provisions of Section 111A,112 and Section 112A) , if it is not covered by (3) & (4) Above | 15% | |||
| Surcharge on the amount of income-tax payable in accordance with the provisions of Section 111A, 112 and 112A shall not exceeds 15% | |||||
| Health and Education Cess @ 4% leviable on tax including surcharge | |||||
Posted : 30/08/2022 12:05 pm
Topic starter
Posted : 30/08/2022 2:29 pm
