The rate at which you will be taxed, is known as the Income Tax Rate. Your income earned during the year is taxed in the immediately following year i.e. Assessment Year at the rates applicable for that assessment year with few exceptions.
The Income Tax Rate varies on the basis of the following factors-
- Type of Person (Individual, company etc)
- Your Source of Income (Salary, House Property, Capital Gain, Business or Other Source Income)
- Your Age
- Your residential Status
Check your tax amount with our easy Income Tax Calculator
