A Project Report on Direct Tax

7/25/2019 A Project Report on Direct Tax

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A PROJECT REPORT ON DIRECT TAX

Submitted in partial fulfillment of the reuirement

!or

"CO" PART #nd SE" $rd

%#&'()#&'*+

,-

"ISS. RAJES/RI 0D01IRI

2nder the 3uidan4e of "S AN2RAD/A 5A-AST/

2NI6ERSIT- O! "2",AI

S/ET/ T0J0ED2CATION SOCIET-S

S/ET/ N050T0T CO77E1E O! CO""ERCE 8

S/ET/ J0T0T CO77E1E O! ARTS9 T/ANE :;EST


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S/ET/ T0J0ED2CATION SOCIET-S

S/ET/ N55T CO77A1E O! CO""ERCE 8

S/ET/ JTT CO77E1E O! ARTS

CERTI!ICATE

Thi= i= to 4ertif> that "ISS. RAJES/RI D/AR"ENDRA 1IRI of

"04om Part #nd9 =eme=ter ) $rd9 Roll No ?* ha= underta@en and 4ompleted

the proe4t report on) DIRECT TAX Durin3 the a4ademi4 >ear #&'( B

#&'* 2nder the 3uidan4e of "S AN2RAD/A 5A-AST/ =ubmitted

on #&'( date to thi=9 Colle3e in fulfillment of 4urri4ulum of

"04om 2NI6ERSIT- O! "2",AI Thi= i= bonafide proe4t or@ and

information pre=ented i= true and to the be=t of m> @noled3e and belief0

PROJECT 12IDE EXTERNA7 EXA"INE

CO2RSE COORDINATOR PRINCIPA7


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DEC7EARATION

I RAJES/RI D/AR"ENDRA 1IRI here b> de4lared that proe4t report

entitled . DIRECT TAX under the 3uidan4e of

"S.AN2RAD/A 5A-AST/ =ubmitted in partial !ulfillment of the

reuirement for the aard of de3ree of "ASTER O! CO""ERCE b>

2NI6ERSIT- O! "2",AI i= m> ori3inal or@0

RAJES/RI D/AR"ENDRA 1IRI

C7ASS. "CO" PART #nd

DI6ISION. A

RO77 NO ?*

P7ACE. T/ANE

SI1NAT2RE.


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AC5NO;7ED1"ENT

I ta@e thi= opportunit> to epre== and re4ord m> than@= and 3ratitude to

S/ET/ N050T0T0 CO77E1E T/ANE and entire fa4ult> of =eme=ter $ rdof

"04om 4our=e in the 4olle3e0

!urther I al=o a4@noled3ment m> =in4ere and =pe4ial than@= and

3ratitude to m> proe4t 3uide9 PRO!9 A0 O0 5/ADSE Proe4t

COORDINATTOR and PRINCIPA7 DR P0"05AR5/E7E ithout ho=e

4ontinue= 3uidan4e and en4oura3ement It ould not been po==ible for me

to 4omplete thi= proe4t or@0

I epre== m> than@= to all m> 4ollea3ue=9 friend ith hom I haFe had

debate= and di=4u==ion on the =ube4t hi4h ha= al=o helped0


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INCO"E TAX S7A, !OR #&&G


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Following income tax tables indicate income tax slab for "2008-2009". The first column

indicates the income tax slab, and the second column indicates the income tax applicable on

income. ncome tax indicates the percentage that needs to be paid as tax on !our income.

India In4ome ta =lab= #&&H)#&&G for "en

ncome tax slab in #s.$ Tax

0 to %,&0,000 'o tax

%,&0,000 to (,00,000 %0)

(,00,000 to &,00,000 20)

*bo+e &,00,000 (0)

India In4ome ta =lab= #&&H)#&&G for omen

ncome tax slabin #s.$ Tax

0 to %,80,000 'o tax

%,80,000 to (,00,000 %0)

(,00,000 to &,00,000 20)

*bo+e &,00,000 (0)

India In4ome ta =lab= #&&H)#&&G for Senior 4itien

ncome tax slabin #s.$ Tax

0 to 2,2&,000 'o tax

2,2&,000 to (,00,000 %0)

(,00,000 to &,00,000 20)

*bo+e &,00,000 (0)

ain attraction - ncome tax exemption limit increased. ncome tax exemption limit for

senior citiens is now 2. la/h, for women it is %.90 la/h and for all others the income tax

exemption limit will be %.0 la/h.

ncome tax slab base for 2009-20%0 raised to %.0 la/h for indi+idual tax pa!er.

This in an increase of slab base from the earlier #s %.&0 la/h.

For women the exemption limit according to latest tax slab will be #s %.90 la/h,

which is an increase of #s %0,000 from the earlier rate of #s %.80 la/h.

1enior citiens will eno! an extra #s %&000 as the exemption limit is increased to

#s 2.0 la/hs from an earlier 2.2& la/hs.


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INCO"E TAX S7A, !OR #&''

Following income tax tables indicate income tax slab for "20%0-20%%". The first column

indicates the income tax slab, and the second column indicates the income tax applicable onincome. ncome tax indicates the percentage that needs to be paid as tax on !our income.

India In4ome ta =lab= #&'&)#&'' for "en


0 to %,0,000 'o tax

%,0,00% to &,00,000 %0)

&,00,00% to 8,00,000 20)

*bo+e 8,00,000 (0)

India In4ome ta =lab= #&'&)#&'' for ;omen


0 to %,90,000 'o tax

%,90,00% to &,00,000 %0)

&,00,00% to 8,00,000 20)

*bo+e 8,00,000 (0)

India In4ome ta =lab= #&'&)#&'' for Senior 4itien


0 to 2,0,000 'o tax

2,0,00% to &,00,000 %0)

&,00,00% to 8,00,000 20)

*bo+e 8,00,000 (0)

3eneral basic exemption limit to be increased from %,0,000 to %,80,000. The

exemption limit for women assesses to be retained at %,9 0,000.

4asic exemption limit for senior citiens to be increased from 2,0,000 to 2,&0,000

#elaxation for 1enior 5itiens

*ge criterion for senior citiens to be relaxed from & !ears to 0 !ears.

'ew categor! of +er! senior citiens of 80 !ears and abo+e to be eligible

for higher basic exemption limit of &,00,000.


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Documents

A Project Report on Direct Tax