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Income Slab | Tax Rate |
Income up to ₹2,50,000* | No Tax |
Income from ₹2,50,000 – ₹5,00,000 | 5% |
Income from ₹5,00,000 – ₹10,00,000 | 20% |
Income more than ₹10,00,000 | 30% |
Surcharge: 10% of income tax, where total income is between ₹50 lakhs and ₹1 crore. 15% of income tax, where total income exceeds ₹1 crore. | |
Cess: 3% on total of income tax + surcharge. | |
* Income up to ₹2,50,000 is exempt from tax if you are less than 60 years old. |
Income Slab | Tax Rate | Tax Calculation |
Income up to ₹2,50,000 | No tax | |
Income from ₹2,50,000 – ₹5,00,000 | 5% (₹5,00,000 – ₹2,50,000) | ₹12,500 |
Income from ₹5,00,000 – ₹10,00,000 | 20% (₹8,00,000 – ₹5,00,000) | ₹60,000 |
Income more than ₹10,00,000 | 30% | Nil |
Tax | ₹72,500 | |
Add: Cess | 3% of ₹72,500 | ₹2,175 |
Total tax payable in FY 2017-18 (AY 2018-19) | ₹74,175 (Rounded off figure-₹74180) |
Income Slab | Tax Rate |
Income up to ₹3,00,000* | No Tax |
Income from ₹3,00,000 – ₹5,00,000 | 5% |
Income from ₹5,00,000 – ₹10,00,000 | 20% |
Income more than ₹10,00,000 | 30% |
Surcharge: 10% of income tax, where total income is between ₹50 lakhs and ₹1 crore. 15% of income tax, where total income exceeds ₹1 crore. | |
Cess: 3% on total of income tax + surcharge. | |
* Income up to ₹3,00,000 is exempt from tax if you are more than 60 years but less than 80 years of age. |
Income Slab | Tax Rate | Tax Calculation |
Income up to ₹3,00,000 | No tax | |
Income from ₹3,00,000 – ₹5,00,000 | 5% (₹5,00,000 – ₹3,00,000) | ₹10,000 |
Income from ₹5,00,000 – ₹10,00,000 | 20% (₹8,00,000 – ₹5,00,000) | ₹60,000 |
Income more than ₹10,00,000 | 30% | Nil |
Tax | ₹70,000 | |
Add: Cess | 3% of ₹72,500 | ₹2,100 |
Total tax payable in FY 2017-18 (AY 2018-19) | ₹72,100 |
Income Slab | Tax Rate |
Income up to ₹2,50,000* | No Tax |
Income up to ₹5,00,000* | No Tax |
Income from ₹5,00,000 – ₹10,00,000 | 20% |
Income more than ₹10,00,000 | 30% |
Surcharge: 10% of income tax, where total income is between ₹50 lakhs and ₹1 crore. 15% of income tax, where total income exceeds ₹1 crore. | |
Cess: 3% on total of income tax + surcharge. | |
*Income up to ₹5,00,000 is exempt from tax if you are more than 80 years old. |
Income Slab | Tax Rate | Tax Calculation |
Income up to ₹2,50,000 | No tax | |
Income from ₹2,50,000 – ₹5,00,000 | No tax | |
Income from ₹5,00,000 – ₹10,00,000 | 20% (₹8,00,000 – ₹5,00,000) | ₹60,000 |
Income more than ₹10,00,000 | 30% | Nil |
Tax | ₹60,000 | |
Add: Cess | 3% of ₹72,500 | ₹1,800 |
Total tax payable in FY 2017-18 (AY 2018-19) | ₹61,800 |
Nature | Tax Rate |
Short-term capital gains from assets (Other than shares & mutual funds) | At income tax slab rates listed above |
Long-term capital gains from assets (Other than shares & mutual funds) | 20% |
Short-term capital gains on shares and equity mutual funds | 15% |
Long-term capital gains on shares and equity mutual funds | NIL |
Short-term capital gains on debt mutual funds | At income tax slab rates listed above |
Long-term capital gains on debt mutual funds | At 20% with indexation |
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As a matter of fact you can watch live market trading that helps you to connect with CMT. Join a Technical Analysis Course which works on real time markets by using tools & techniques . That’ll give you behavioural understanding of real time Share market. Understanding the money management by real time trading or investment activity. As we know CMT is an MCQ Exam & ask question on application level. Create short notes of Course Content. Get PPT based Short Notes & note interpretation of tools & Techniques on technical analysis. Short Notes help you out to quick revision at the CMT exam time. CMT Books have very complicated language & course content is not properly aligned as it takes topics from various books of different writers.
So we have to take individual topics and understand concepts in simple, Concise and Clear manner. Take content from various books or websites like Investopedia or Stock Charts on Each Topic for in-depth understanding. Apply tools & techniques with the help of Technical analysis or trading software’s. Read Books twice as MCQ can be created from a single line. while study mark important topics.