Attention Attention
Income Tax Return ki last Date 31st July hai
INCOME TAX UPDATE
LATE FEE ON DELAY IN FILING
INCOME TAX RETURN FOR THE YEAR ENDED 31ST MARCH, 2018 (Asst.Yr: 2018-19) under sec. 234F:
1. If Return filed during 01/04/2018 – 31/07/2018 : Late Fee NIL
2. If Return filed during 01/08/2018 – 31/12/2018 : Late fee Rs. 5000
If total income does not exceed Rs.5 Lakhs then this Late fee will be restricted to Rs. 1000
3. If Return filed during 01/01/2019 – 31/03/2019 : Late Fee Rs. 10000
If total income does not exceed Rs.5 Lakhs then this Late Fee will be restricted to Rs. 1000 only.
Better Get your ITR filed by 31/07/2018
Income Tax Slab & Rate for FY 2018-19, 17-18 & 16-17
No tax for individuals male and female with income less than 2,50,000
0%-5% tax with income 2.5 lacs to 5 lacs for different age groups
20% tax with income 5 lacs to 10 lacs
Investments upto 1.5 lacs under Sec 80C can save ₹ 45,000 in taxes. Invest Now
Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year:
Taxable Income Tax Rate
Up to Rs. 2,50,000 Nil ( No Tax)
Rs. 2,50,000 to Rs. 5,00,000 5%
Rs. 5,00,000 to Rs. 10,00,000 – 20%
Above Rs. 10,00,000 30%
NEWS COURTESY For Further Assistance SHAIKH ACCOUNTING SERVICES.
Mobile : 9076233863
Email : [email protected]
NOTE: Is se pehle ki Income Tax Officers Ghar par aa kar Returns file karne ko bole Jaldi Jaldi apna Income Tax returns bhar do Bhai
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