Income Tax rate FY  2016-17& AY 2017-18
In the 2016 Budget, There has been no changes in the Income tax rate of FY 2015-15, The same rate will continue to follow in the Current Financial Year 2016-17 also. In the recent past Income tax rule has categorised tax payers like, Senior Citizen, Male Below 60 Years, Female below 60 years, Super Senior… (0 comment)

What is Excise Duty and excisable goods?
  Excise Duty Excise duty is an indirect  tax or duty charged on goods manufactured in India goods are intended to be produced  to sale domestically. The goods is taxable either at the time of manufacturing or  on the removal of goods, the term removal  means , moving goods from factory  to any approved location after… (0 comment)

Krishi Kalyan Cess and it’s rate
A new cess has been introduced in the Budget of 2016  for the development of Agriculture sector and utilized for the welfare of farmers in India called Krishi Kalyan cess ,apart from Swachh Bharath Cess. The rate of Krishi Kalyan cess is decided to be levied 0.5% on all taxable services. Highlights of Krishi Kalyan Cess… (0 comment)