Category Archives: Finance

Income Tax Slab of Last 20 Years From AY ‘2001–2002’ to AY ‘2020–2021’.

By | 02/07/2019

Understanding Income Tax Slab before calculation and assessment of tax is very important for tax expert as well as a common man. Let’s begin with the bottom: Income Tax Slabs for A.Y. (2001-02) Income Tax Slabs for A.Y. (2002-03) Also Read Mistake rectification under section 154 of income tax act. Income Tax Slabs for A.Y. (2003-04)… Read More »

Treatment of Taxation for “Agriculture Income” – Complete Guide

By | 11/21/2018

Major Portion of Indian Economy includes “Agriculture portion”. What would be the treatment of taxation for agriculture income? Most of the people still including farmers are unaware of the taxation system and ignore to fill income tax return. Although Agriculture income is exempt under section 10(1) of the Income-tax Act. Income incurred from agriculture up to ₹ 5000… Read More »