Rates Of Income Tax Assessment Year

Rates Of Income Tax Assessment year : 2023-24 Previous year : 2022-23

1. For resident Senior Citizens. (Age above 60 Years)

Old Tax Slab Rate Tax Slab as per (Sec 115BAC) Rate
Upto Rs 3,00,000 NIL Upto Rs 2,50,000 NIL
Rs 3,00,001 - Rs 5,00,000 5% Rs 2,50,001 - Rs 5,00,000 5%
Rs 5,00,001 - Rs 10,00,000 20% Rs 5,00,001 - Rs 7,50,000 10%
Rs 7,50,001 - Rs 10,00,000 15%
Above Rs 10,00,000 30% Rs 10,00,001 - Rs 12,50,000 20%
Rs 12,50,001 - Rs 15,00,000 25%
Above Rs 15,00,000 30%

2. For resident Super Senior Citizens. (Age above 80 Years)

Old Tax Slab Rate Tax Slab as per ( Sec 115BAC) Rate
Upto Rs 5,00,000 NIL Upto Rs 2,50,000 NIL
Rs 2,50,001 - Rs 5,00,000 5%
Rs 5,00,001 - Rs 10,00,000 20% Rs 5,00,001 - Rs 7,50,000 10%
Rs 7,50,001 - Rs 10,00,000 15%
Above Rs 10,00,000 30% Rs 10,00,001 - Rs 12,50,000 20%
Rs 12,50,001 - Rs 15,00,000 25%
Above Rs 15,00,000 30%

3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).

Old    Tax Slab Rate Tax Slab as per (Sec 115BAC) Rate
Upto Rs 2,50,000 NIL Upto Rs 2,50,000 NIL
Rs 2,50,001 - Rs 5,00,000 5% Rs 2,50,001 - Rs 5,00,000 5%
Rs 5,00,001 - Rs 10,00,000 20% Rs 5,00,001 - Rs 7,50,000 10%
Rs 7,50,001 - Rs 10,00,000 15%
Above Rs 10,00,000 30% Rs 10,00,001 - Rs 12,50,000 20%
Rs 12,50,001 - Rs 15,00,000 25%
Above Rs 15,00,000 30%

Note: Rebate u/s 87A, in which resident individuals are allowed rebate (if their taxable income does not exceed Rs. 5 lakh) equal to 100% of income tax or Rs. 12,500 whichever less.

Surcharge on Income Tax computed on Other Incomes :
  • 10% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 50 Lacs upto 1 Crore
  • 15% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 1 Crore but upto two 2 Crore
  • 25% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 2 Crore but upto 5 Crore
  • 37% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 5 Crore
Surcharge on Income Tax computed on Dividend Income & Income taxable u/s 111A & 112A :
  • 10% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 50 Lacs upto 1 Crore
  • 15% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 1 Crore but upto two 2 Crore
  • 15% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 2 Crore but upto 5 Crore
  • 15% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 5 Crore

Health and Education Cess: 4% on the amount of Tax plus surcharge

Firms
  • Income tax : 30%.
  • Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Health and Education Cess: 4% on the amount of Tax plus surcharge.

Companies

(A) Domestic Companies
  • Income tax :
  • If opted for Section 115BA (in case turnover or gross receipt does not exceed Rs 400 crore in the FY 2019-20) - 25%
  • If opted for Section 115BAA (in case assessee is not claming Profit linked deductions, unabsorbed depreciation & Losses) - 22%
  • If opted for Section 115BAB (for new manufacturing companies) -15%
  • Any other domestic company -30%
  • MAT- 15%
  • Surcharge: 7% if the taxable income exceeds Rs. 1 crore & 12% if the taxable income exceeds 10 crores
  • However, the rate of surcharge in case of a company opting for taxability under Section 115BAA or Section 115BAB shall be 10% irrespective of amount of total income

Health and Education Cess: 4% on the amount of Tax plus surcharge

(B) Foreign Companies
Income tax :
  • 40% (in general )
  • 50% (Royalty received from Government or an Indian concern in pursuance of an agreement made with the Indian concern after March 31, 1961, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by the Central Government)
Surcharge :
  • 2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores
Health and Education Cess: 4% on the amount of Tax plus surcharge
Cooperative Socities (Under Old Regime)
Upto Rs. 10,000 10%
Rs. 10,001 to Rs. 20,000 20%
Rs. 20,001 to Above 30%

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Health and Education Cess: 4% on the amount of Tax plus surcharge

Cooperative Socities (Under New Regime) -Section 115BAC

Income tax : Flat rate of 22%

Surcharge : 10% of the Income Tax

Health and Education Cess: 4% on the amount of Tax plus surcharge

Local Authorities

Income tax : 30%.

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore

Health and Education Cess: 4% on the amount of Tax plus surcharge

Rates Of Income Tax Assessment year : 2022-23 Previous year : 2021-22

1. For resident Senior Citizens. (Age above 60 Years)

Old Tax Slab Rate Tax Slab as per (Sec 115BAC) Rate
Upto Rs 3,00,000 NIL Upto Rs 2,50,000 NIL
Rs 3,00,001 - Rs 5,00,000 5% Rs 2,50,001 - Rs 5,00,000 5%
Rs 5,00,001 - Rs 10,00,000 20% Rs 5,00,001 - Rs 7,50,000 10%
Rs 7,50,001 - Rs 10,00,000 15%
Above Rs 10,00,000 30% Rs 10,00,001 - Rs 12,50,000 20%
Rs 12,50,001 - Rs 15,00,000 25%
Above Rs 15,00,000 30%

2. For resident Super Senior Citizens. (Age above 80 Years)

Old Tax Slab Rate Tax Slab as per ( Sec 115BAC) Rate
Upto Rs 5,00,000 NIL Upto Rs 2,50,000 NIL
Rs 2,50,001 - Rs 5,00,000 5%
Rs 5,00,001 - Rs 10,00,000 20% Rs 5,00,001 - Rs 7,50,000 10%
Rs 7,50,001 - Rs 10,00,000 15%
Above Rs 10,00,000 30% Rs 10,00,001 - Rs 12,50,000 20%
Rs 12,50,001 - Rs 15,00,000 25%
Above Rs 15,00,000 30%

3. Individuals, [other than those mentioned above, HUF, AOP/BOI (other than co-operative societies).

Old    Tax Slab Rate Tax Slab as per (Sec 115BAC) Rate
Upto Rs 2,50,000 NIL Upto Rs 2,50,000 NIL
Rs 2,50,001 - Rs 5,00,000 5% Rs 2,50,001 - Rs 5,00,000 5%
Rs 5,00,001 - Rs 10,00,000 20% Rs 5,00,001 - Rs 7,50,000 10%
Rs 7,50,001 - Rs 10,00,000 15%
Above Rs 10,00,000 30% Rs 10,00,001 - Rs 12,50,000 20%
Rs 12,50,001 - Rs 15,00,000 25%
Above Rs 15,00,000 30%

Note: Rebate u/s 87A, in which resident individuals are allowed rebate (if their taxable income does not exceed Rs. 5 lakh) equal to 100% of income tax or Rs. 12,500 whichever less.

Surcharge on Income Tax computed on Other Incomes :
  • 10% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 50 Lacs upto 1 Crore
  • 15% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 1 Crore but upto two 2 Crore
  • 25% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 2 Crore but upto 5 Crore
  • 37% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 5 Crore
Surcharge on Income Tax computed on Dividend Income & Income taxable u/s 111A & 112A :
  • 10% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 50 Lacs upto 1 Crore
  • 15% for Individual having taxable Income (Including Dividend & Income u/s 111A & 112A) exceeding 1 Crore but upto two 2 Crore
  • 15% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 2 Crore but upto 5 Crore
  • 15% for Individual having taxable Income (Excluding Dividend & Income u/s 111A & 112A) exceeding 5 Crore

Health and Education Cess: 4% on the amount of Tax plus surcharge

Firms
  • Income tax : 30%.
  • Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Health and Education Cess: 4% on the amount of Tax plus surcharge.

Companies

(A) Domestic Companies
  • Income tax :
  • If opted for Section 115BA (in case turnover or gross receipt does not exceed Rs 400 crore in the FY 2019-20) - 25%
  • If opted for Section 115BAA (in case assessee is not claming Profit linked deductions, unabsorbed depreciation & Losses) - 22%
  • If opted for Section 115BAB (for new manufacturing companies) -15%
  • Any other domestic company -30%
  • MAT- 15%
  • Surcharge: 7% if the taxable income exceeds Rs. 1 crore & 12% if the taxable income exceeds 10 crores
  • However, the rate of surcharge in case of a company opting for taxability under Section 115BAA or Section 115BAB shall be 10% irrespective of amount of total income

Health and Education Cess: 4% on the amount of Tax plus surcharge

(B) Foreign Companies
Income tax :
  • 40% (in general )
  • 50% (Royalty received from Government or an Indian concern in pursuance of an agreement made with the Indian concern after March 31, 1961, but before April 1, 1976, or fees for rendering technical services in pursuance of an agreement made after February 29, 1964 but before April 1, 1976 and where such agreement has, in either case, been approved by the Central Government)
Surcharge :
  • 2% if the taxable income exceeds Rs. 1 crore & 5% if the taxable income exceeds 10 crores
Health and Education Cess: 4% on the amount of Tax plus surcharge
Cooperative Socities (Under Old Regime)
Upto Rs. 10,000 10%
Rs. 10,001 to Rs. 20,000 20%
Rs. 20,001 to Above 30%

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore.

Health and Education Cess: 4% on the amount of Tax plus surcharge

Cooperative Socities (Under New Regime) -Section 115BAC

Income tax : Flat rate of 22%

Surcharge : 10% of the Income Tax

Health and Education Cess: 4% on the amount of Tax plus surcharge

Local Authorities

Income tax : 30%.

Surcharge : 12% of the Income Tax, where total taxable income is more than Rs. 1 crore

Health and Education Cess: 4% on the amount of Tax plus surcharge

Income tax slabs under the new tax regime for all individuals for FY 2020-21 (AY 2021-22)

Income Tax Slab Tax Rate
Up to Rs 2.5 lakh NIL
Rs 2.5 lakh to Rs 5 lakh 5% (Tax rebate of Rs 12,500 available under section 87A)
Rs 5 lakh to Rs 7.5 lakh 10%
Rs 7.5 lakh to Rs 10 lakh 15%
Rs 10 lakh to Rs 12.5 lakh 20%
Rs 12.5 lakh to Rs 15 lakh 25%
Rs 15 lakh and above 30%
  • The tax calculated on the basis of such rates will be subject to health and education cess of 4%.

  • Any individual opting to be taxed under the new tax regime from FY 2020-21 onwards will have to give up certain exemptions and deductions.

  • Here is the list of exemptions and deductions that a taxpayer will have to give up while choosing the new tax regime.

    1. Leave Travel Allowance (LTA)

    2. House Rent Allowance (HRA)

    3. Conveyance

    4. Daily expenses in the course of employment

    5. Relocation allowance

    6. Helper allowance

    7. Children education allowance

    8. Other special allowances [Section 10(14)]

    9. Standard deduction

    10. Professional tax

    11. Interest on housing loan (Section 24)

    12. Chapter VI-A deduction (80C,80D, 80E and so on) (Except Section 80CCD(2) and 80JJA)

  • Points to remember while opting for the new tax regime:

    1. Option to be exercised on or before the due date of filing return of income for AY 2021-22

    2. In case a taxpayer has a business income and exercised the option, he/she can withdraw from the option only once. A business taxpayer withdrawing from the optional tax regime has to follow the regular income tax slabs.

According to the current income tax laws in India, the income tax rate on resident individuals varies based on their age. There are different tax slabs applicable to the individuals for the financial year 2018-19 and 2019-20. For instance, a resident individual, aged below 60 years, with an income less than Rs 2.5 lacs is exempt from paying income tax.

Given below are the tables for the latest income tax slabs for FY 2018-19 and FY 2019-20.

Income Tax Slabs & Rates for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2019-20 – Part I

Income Tax Slab Tax Rate for Individual & HUF Below the Age Of 60 Years
Up to ? 2,50,000* Nil
? 2,50,001 to ? 5,00,000 5% of total income exceeding ? 2,50,000
? 5,00,001 to ? 10,00,000 ? 12,500 + 20% of total income exceeding ? 5,00,000
Above ? 10,00,000 ? 1,12,500 + 30% of total income exceeding ? 10,00,000
  • No tax for individuals with income less than ? 2,50,000

  • 0%-5% tax with income ? 2.5 lacs to 5 lacs for different age groups

  • 20% tax with income ? 5 lacs to 10 lacs

  • 30% tax with income above ? 10 lacs

  • A tax rebate under section 87A is allowed to individual taxpayers a maximum amount of:

    – Rs 2,500 for total income up to Rs 3.5 lakh for FY 2018-19

    – Rs 12,500 for total income up to Rs 5 lakh for FY 2019-20

  • Investments upto ? 1.5 lacs under Sec 80C can save ? 46,800 in taxes.

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Let’s understand the tax calculation for rebate with the help of an example:

Source of income (FY 2019-20) Income (Rs)
Salary (6,50,000)
Less: Standard deduction ( 50,000) 6,00,000
Interest on fixed deposit 50,000
Gross total income 6,50,000
Less: Deduction under section 80C 1,50,000
Total income 5,00,000
Income-tax (@ 5% from Rs 2.5 to 5 lakh) 12,500
Less: Rebate u/s 87A 12,500
NIL

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2019-20 – Part II

Income Tax Slabs Tax Rate for Senior cetizens aged 60 Years But Less than 80 Years
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 5%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Let’s understand the tax calculation for rebate with the help of an example:

Source of income (FY 2019-20) Income (Rs)
Salary (4,00,000)
Less: Standard deduction ( 50,000) 3,50,000
Income from house property 2,50,000
Interest on fixed deposit 50,000
Gross total income 6,50,000
Less: Deduction under section 80C 1,50,000
Total income 5,00,000
Income-tax (@ 5% from Rs 3 to 5 lakh) 10,000
Less: Rebate u/s 87A 10,000
NIL

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2019-20 – Part III

Income Tax Slabs Tax Rate for Super Senior Citizens (Aged 80 Years And Above)
Income up to Rs 5,00,000* No tax
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Let’s understand the tax calculation for a rebate with the help of an example:

Source of income (FY 2019-20) Income (Rs)
Salary (3,50,000)
Less: Standard deduction ( 50,000) 3,00,000
Income from house property 2,50,000
Interest on fixed deposit 1,00,000
Gross total income 6,50,000
Less: Deduction under section 80C 1,50,000
Total income 5,00,000
Income-tax (nil below Rs 5 lakh) NIL
Less: Rebate u/s 87A NIL
NIL

Surcharge applicable to the individuals covered in Part I, II and III:

Income limit Surcharge Rate on the amount of income tax
Net income exceeds Rs 50 lakh but doesn’t exceed Rs 1 crore 10%
Net income above Rs 1 crore but doesn’t exceed Rs 2 crore 15%
Net income exceeds Rs 2 crore but doesn’t exceed Rs 5 crore 25%
Net income exceeds Rs 5 crore 37%

Income Tax Slabs for Domestic Companies for FY 2019-20 – Part IV

Turnover Particulars Tax Rate
Gross turnover upto 400 Cr. in the FY 2017-18 25%
Gross turnover exceeding 400 Cr. in the FY 2017-18 30%
Where the company opted for Section 115BA 25%
GWhere the company opted for Section 115BAA 22%
Where the company opted for Section 115BAB 15%

In addition cess and surcharge is levied as follows:

Cess: 4% of corporate tax

Surcharge applicable:

Income Limit Surcharge Rate on the amount of income tax
Net income exceeds Rs.1 Crore but doesn’t exceed Rs.10 Crore 7%
Net income exceeds Rs.10 Crore 12%

However, the rate of surcharge in case of a company opting for taxability under Section 115BAA or Section 115BAB shall be 10% irrespective of amount of total income.

Tax slabs and tax rates for AY 2019-20 (FY 2018-19)

Income Tax Slabs for Individual Tax Payers & HUF (Less Than 60 Years Old) for FY 2018-19 – Part I

Income Tax Slabs Tax Rate for Individual & HUF Below the Age Of 60 Years
Up to ? 2,50,000* Nil
? 2,50,001 to ? 5,00,000 5% of total income exceeding ? 2,50,000
? 5,00,001 to ? 10,00,000 ? 12,500 + 20% of total income exceeding ? 5,00,000
Above ? 10,00,000 ? 1,12,500 + 30% of total income exceeding ? 10,00,000

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Income Tax Slabs for Senior Citizens (60 Years Old Or More but Less than 80 Years Old) for FY 2018-19 – Part II

Income Tax Slabs Tax Rate for 60 Years Old Or More but Less than 80 Years Old
Income up to Rs 3,00,000* No tax
Income from Rs 3,00,000 – Rs 5,00,000 5%
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Note : An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Income Tax Slabs for Super Senior Citizens(80 Years Old Or More) for FY 2018-19 – Part III

Income Tax Slabs Tax Rate for Super Senior Citizens (Aged 80 Years And Above)
Income up to Rs 5,00,000* No tax
Income from Rs 5,00,000 – 10,00,000 20%
Income more than Rs 10,00,000 30%

Note: An additional 4% Health & education cess will be applicable on the tax amount calculated as above.

Surcharge applicable to the individuals covered in Part I, II and III:

Income limit Surcharge Rate on the amount of income tax
Net income exceeds Rs.50 Lakhs but doesn’t exceed Rs. 1 Crore 10%
Net income exceeds Rs.1 Crore  15%

Income Tax Slabs for Domestic Companies for FY 2018-19 – Part IV

Turnover Particulars Tax Rate
Gross turnover upto 250 Cr. in the FY 2016-17 25%
Gross turnover exceeding 250 Cr. in the FY 2016-17 30%

In addition cess and surcharge is levied as follows: Cess: 4% of corporate tax

Surcharge applicable:

Income Limit Surcharge Rate on the amount of income tax
Net income exceeds Rs.1 Crore but doesn’t exceed Rs.10 Crore 7%
Net income exceeds Rs.10 Crore 12%

News Section

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Due Date Reminder

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July Aug Sep Oct Nov Dec
All
07 Oct 23 "Payment of TDS/TCS of September. In case of government offices where TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected. "
07 Oct 23 Return of External Commercial Borrowings for September.
10 Oct 23 Monthly Return by Tax Deductors for September.
10 Oct 23 Monthly Return by e-commerce operators for September.
11 Oct 23 Monthly Return of Outward Supplies for September.
13 Oct 23 Monthly Return by Non-resident taxable person for September.
13 Oct 23 Monthly Return of Input Service Distributor for September.
13 Oct 23 Quarterly Return of Outward Supplies for Jul-Sep (QRMP)
14 Oct 23 Notice for the appointment of Auditor if AGM date was 30 Sep (within 15 days of AGM)
15 Oct 23 Issue of TDS Certificate u/s 194-IA for TDS deducted on Purchase of Property in August.
15 Oct 23 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in August.
15 Oct 23 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in August.
15 Oct 23 Issue of TCS certificate for April-June.
15 Oct 23 Issue of TDS Certificates for April-June.
15 Oct 23 Details of Deposit of TDS/TCS of September by book entry by an office of the Government.
15 Oct 23 E-Payment of PF for September.
15 Oct 23 Payment of ESI for September
15 Oct 23 TCS Statement for Sep Quarter.
15 Oct 23 Statement by Banks etc. in respect of foreign remittances in Sep Quarter.
15 Oct 23 E-filing of form 15G/H for Sep Quarter.
18 Oct 23 Payment of tax of Jul-Sep quarter for taxpayers under Composition Scheme.
20 Oct 23 Monthly Return by persons outside India providing online information and data base access or retrieval services, for September.
20 Oct 23 Summary Return cum Payment of Tax for September by Monthly filers. (other than QRMP).
22 Oct 23 Summary Return of Jul-Sep quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
24 Oct 23 Summary Return of Jul-Sep quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh,Chandigarh or Delhi.
25 Oct 23 Statement of Financial Transactions by Depositories, Registrars & Share Transfer Agents for reporting of information relating to Capital gains on transfer of listed securities or units of Mutual Funds for July-Sep
25 Oct 23 Half yearly Details of goods/capital goods sent to & from job worker for Apr-Sep for turnover above 5 cr.
28 Oct 23 Return for September by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
29 Oct 23 Filing of financial statements by Cos (Other than OPCs) for FY 2022-23 with the ROC. (30 days from AGM.)
30 Oct 23 Deposit of TDS u/s 194-IA on payment made for purchase of property in September.
30 Oct 23 Deposit of TDS on certain payments made by individual/HUF u/s 194M for September.
30 Oct 23 Deposit of TDS on Virtual Digital Assets u/s 194S for September.
30 Oct 23 Issue of TCS certificate by All Collectors for September quarter.
30 Oct 23 Statement of Accounts and Solvency for 2022-23 to be filed by every LLP.
30 Oct 23 Half-yearly return by Nidhi Companies for April to September.
31 Oct 23 Specified Companies(receiving supplies from Micro & Small whose outstanding dues exceed 45 days) to file details of all outstanding dues to Micro or Small enterprises suppliers for Apr to Sep.
31 Oct 23 Avail QRMP for Oct-Dec onwards.
31 Oct 23 TDS Statements for September quarter.
31 Oct 23 Statement of tax deposited in relation to transfer of virtual digital asset u/s 194S by an exchange for September quarter.
31 Oct 23 Quarterly return of non-deduction at source by banks from interest on time deposit for September quarter.
31 Oct 23 E-filing of information of declarations in Form 60 received upto 30 Sep.
31 Oct 23 Furnishing of Annual audited accounts for each approved programmes u/s 35(2AA).
31 Oct 23 Statement of foreign income offered for tax for the previous year and of foreign tax deducted or paid on such income. (if due date of ITR is October 31).
31 Oct 23 Online Application by Domestic Co. (other than to whom transfer pricing provisions are applicable) for exercise of option u/s 115BAA (22% tax)
31 Oct 23 Online Application by new Manufacturing Domestic Co. (other than to whom transfer pricing provisions are applicable) filing ITR for first time, for exercise of option u/s 115BAB (15% tax).
31 Oct 23 Online Application by Individual/HUF carrying business / profession, for exercise of option u/s 115BAD, where due date of ITR is 31 Oct.
31 Oct 23 Online Application by resident co-operative society, for exercise of option u/s 115BAD where due date of ITR is 31 Oct.
31 Oct 23 Filing of Report u/s 92E for international transactions and specified domestic transactions.
31 Oct 23 Obtaining Tax Audit Report where due date of ITR is 30 Nov.
31 Oct 23 Obtaining MAT/AMT Audit Report etc. where due date of ITR is 30 Nov.
31 Oct 23 Obtaining Audit Report u/s 80JJAA(2) for additional employment where due date of ITR is 30 Nov.
31 Oct 23 Obtaining other Audit Reports where due date of ITR is 30 Nov.
31 Oct 23 Obtaining Audit Reports in Form 10B/10BB.
31 Oct 23 Filing of Income Tax returns by Cos, Partnership firms etc. (Audit applicable)
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