CA Intermediate Taxation by CA.

Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

TAX : FLAT 30%

SURCHARGE : If 7 I > I G.
, surcharge = 12%

7I= 120L
TI =
45L
TAX =
36.0.000
7Ax= 13.5.0000
+
Surcharge(12-1) 432,000
1- at .µEe 54,000
40 32,000
,

1404000
+ 4% HEE 1. 61,280
II. 93,280
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

On 0-10,000 10%

On 10,000-20,000 20%

On income above 2.00 30%

SURCHARGE : If 7 I > I G.
, surcharge = 12%
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

DOMESTIC CO .
FOREIGN CO .

If >loaf If >loaf
PY 20-21 PY 20-4

≤ 406 .
> 4006 .

TAX : 25% 30% 40%

TI TI
SURCHARGE SURCHARGE

:
O-#
IG 7- % IG -106 2%
-106
.
.
.
.

> 106 12% 5%

.
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

0 50L IG 26 56 106 .
. . .

I 1 1 11
NIL 10% 15% 25% 37%
INDIVIDUAL
)
AOP/ BOII
HUF / AJP

FIRM /LLP/
NIL 12%
LA /Corps .

DOM.CO .
NIL 7- % 12%

FOREIGN CO .
NIL
2%
5%
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

See 2124) : Income includes _ . .

¥ : ? )
-

and so on

CR -

Normally not tandde unless

specified
* Receipts
RR
Normally #arable unless
specifically
exempt
* Annual income
cash kind
Monetary terms : or
*
net Income
* Gross Income vs
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

* Cash us kind

Source I Multiple Sources

Receipts : Revenue Receipts us

Capitol Receipts
Sde
of fruits
Sde
of tree
.
•

Normally →
TAXABLE NOT TAXABLE

these unless
enempted specified
specifically
 CA Intermediate Taxation by CA. Pawan Sarda
Income Tax – Ch. 1 Basic Concepts

GIFT Tamable uls S6 (2) I )

x

* Tamable vs Enempt
Lgd vs
Illegal Income

Disputed income

Receipt I Accrual I Due

Clubbing of income

Red incomes us
Notional incomes

instalments
lump sum us