TAX STRUCTURING - Corporate Catalyst India
TAX STRUCTURING - Corporate Catalyst India
TAX STRUCTURING - Corporate Catalyst India
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Taxable Income<br />
Salary & Allowances<br />
Perquisites<br />
Accommodation<br />
Social Security Benefits<br />
Any other benefit<br />
Tax Equalisation - To bridge parity between difference in tax rates of two or more<br />
tax jurisdictions<br />
OVERVIEW<br />
Tax is computed based on slab rates applicable to individuals. Broadly, the first<br />
INR 800,000 of income attracts nearly INR 90,000 of tax amount. The balance is<br />
taxed at 30%. Aggregate tax is then enhanced by a cess (additional tax) of 3%.<br />
7
Change language