WebApr 11, 2024 · The tax rate for salaried employees under Section 192 of the Income Tax Act, 1961, depends on the income tax slab rate applicable to the employee’s income. SPECIAL NOTE: The rates of Surcharge and Health & Education cess are same under both the tax regimes; Rebate u/s 87-A Resident Individual whose Total Income is not more than ₹ … WebTrust income. The net income of a trust (effectively its taxable income) is its assessable income for the year less allowable deductions worked out on the assumption that the …
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WebApr 5, 2024 · Discretionary trusts. Income generated by assets held within a discretionary trust is chargeable to income tax at 45% on non-dividend income. Dividend income is … Web13 hours ago · While its net interest income rose 23% to $13.3 billion, Citi also set aside $241 million to cover potential loan losses, from $138 million a year earlier, according its … Web1 day ago · In the circumstances, petition is allowed. Respondents are directed to refund the amount so collected and withheld since 2016 alongwith interest @6% per annum w.e.f. 17.04.2024 till the actual date of payment. With the aforesaid directions, this writ petition stands disposed of. No order as to cost. list the 5 most common sti’s