Indian Webmasters Pay TAX?
The Tax bell isn’t ringing yet, but have you paid all your taxes? Is your account all clear? If not well you must for sure pay your taxes and live a tension free life.
But are you eligible to pay your taxes?
Under section 139(1) of the Income Tax Act, there are additional six conditions, which forces a person to file his income tax return. These condition are:-
1. Owner of a Motor vehicle
2. Owner of immovable property
3. Person who does foreign-travel
4. Subscribers of a telephone
5. Holder of a credit card
6. Incurs expenses on himself
What the Tax Rate in India?
Income Tax Rates for Year 2008-09
| For Year 2008-2009 |
|
Taxable Annual Income Slab (In Rs.) |
Tax Rate (In %) |
| Upto Rs. 1,50,000/- | Nil |
| Rs. 1,50,001/- to Rs. 3,00,000/- |
10% |
| Rs. 3,00,001/- to Rs. 5,00,000 | 20% |
| Above Rs. 5,00,000/- | 30% |
For Females
| For Year 2008-2009 |
|
Taxable Annual Income Slab (In Rs.) |
Tax Rate (In %) |
| Upto Rs. 1,80,000/- | Nil |
| Rs. 1,80,001/- to Rs. 3,00,000/- |
10% |
| Rs. 3,00,001/- to Rs. 5,00,000/- |
20% |
| Above Rs. 5,00,000/- | 30% |
For Senior Citizen
| For Year 2008-2009 |
|
Taxable Annual Income Slab (In Rs.) |
Tax Rate (In %) |
| Upto Rs. 2,25,000/- | Nil |
| Rs. 2,25,001/- to Rs. 3,00,000/- |
10% |
| Rs. 3,00,001/- to Rs. 5,00,000 | 20% |
| Above Rs. 5,00,000/- | 30% |
Looking to pay your taxes the first most important step is to find a reputed CA!
I :I earn online i want to know how to pay TAX for it
CA : How you earn?
I : I sale site and all
CA: Can you teach me?
Well if thats the CA you have found, haha; it seems you have lost it. I said before find a Reputed CA.
Steps to goahead living a Tension free life:
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