Professional Documents
Culture Documents
Y
Income tax
Wealth tax
Property tax etc.
Y
Sales tax
Vat
Excise duty
Custom duty etc.
IN ACCORDANCE WITH THE CONSTITUTION
OF INDIAN GOVERNMENT
THE MAIN TAXES/DUTIES THAT THE UNION
GOVERNMENT IS EMPOWERED TO LEVY
a
!"
a [
a [
a
a
a ¬
-Excise duty is an
indirect tax levied and
collected on goods
manufactures in india .
¬
^
¬
¬
a !"#" !$%!!""&
a %!# !#!"&%$
+
a Sales Tax Revenue To States
a Tax Collected In The Sated Where Movement Of Goods
Commences
a Tax On Inter State Sale Of Goods
a State Sales Tax Law pplicable In Many spects
a CST ct Defines Some Concepts
a Declared Goods
,
, ,,
¬
ccording To S3, Sale Or Purchase Shall Be Deemed To Take
Place In The Course Of Interstate Trade Or Commerce In The
Following Cases:
[
¬
[
!$"#!$./)000
-$./00
-(* !
/00,,1203/0
/00
+
a ´n income tax is tax levied
on financial income of
person co-
co-operation or
other legal entity.µ
a Personal Earnings
a Capital Gains
a Business Income
a Rates For Different Types Of Income May Vary nd Some
May ot Be Taxed t ll.
a Capital Gains May Be Taxed When Realized
a Business Income May Only Be Taxed If It Is Significant
a Personal Earnings May Be Strictly Defined
a Tax Rates May Be Progressive, Regressive,or Flat
a Progressive Tax Taxes Differentially Based On How Much
Has Been Earned
a Personal Income Tax Is Often Collected On Pay-as-you-
earn Basis
4
+
a Extremely Complex
a Requiring Detailed Record-keeping
a Lengthy Instructions
a Complicated Schedules
a Worksheets nd Dorms
a It Can Penalize Word
a Discourage Saving nd Investment
a ot Border-adjustable
+
a Section 4 Of The ct States That-
a Income Tax Shall Be Charged
a t The Rates Laid Down By The Finance ct
a For That ssessment Year
a In ccordance With Subject To The Provisions Of This ct
a In Respect Of The Total Income
a Of The Previous Year
a Of Every Person
+
+
!!"!#! #!
!$"%!#!
!
#!
# %!!#!
$$"(#!
%! "!! !%$
!#!
%!#5 !%
!!"!$$ #!
!%# "$ !%#"$
!!* !#! |
!! |
|
+
+ '2
¬ "#$%&
'+
!"#$%&
'
¬
-¬ &
-'
¬ %
*$+ ,
!"#$%&
"#$%'%(
)'
%"'"% $) )$$#""!$$67%%(
%"'"% $6"78
(!!#D"$
6Difference Between Market
1009 ??.<<9
Value And Purchase Price On
Vesting Date7
+ ¬
)
"$
'$ 5 6
5
" % 75 385
365 365
0 9 665 75
(:( 5 5
% 5 5
5 685
; 5 385
;) 5 35
$ 5 5
[( # 5 335
<9 5 65
< 55
+
#! !%#"
#!!#"$
!#"106?07
!#"22*
!#"22#
-
+
#! (
#! $!
!(
#!!$"
#!"
"$
#!
#!
$"!$$
!$$"$