4T Your Income Tax! HOW TO CALCULATE 7 The Rate Schedule below may help you, if your status Is ^ . INDIVIDUAL OR HUF* RATES OF INCOME TAX FOR 1978-79 ASSESSMENT AND OF ADVANCE TAX PAYABLE DURING THE FINANCIAL YEAR 1978-79. rTotal incFrom ^^ ;ome slabA'1 ^E-To^ty ^-^ ^ Tax pa HUE (ea--- -Fixed am for the sl yabl< xcep^«' -.ount ab Q for e t thos2. Plus very individual. eas per col. 3)•^ * •yrVarial^l'e amount as under Tax paya at least o ncome e^ixed am for the sl b(e ne r xceeoun ab for eve Tiembc sds Rs3. t Plus ^ sry HUE having j 5r whose tetali 1 . 10.000 ^»»Variable ^ amount as ^under A^ UptolO. 000 NIL ^ •^ NIL ^., 10,001 15,000 NSL Plus 15% exceeding NIL 'd Plus 18% exceeding Rs. 8.000* ^ Rs. 8.000^ 15,001 20.000 1.050 Plus 18% exceeding 1.260 Plus 25%exceedin9 ^ Rs 15 000 .. Rs. 15.000 20.001 25.000 1.950 irC Plus 25% exceeding 2.510 Plus 30% exceeding ^ Rs 20.000 , Rs. 20,000 25.001 30,000 3,200 ^ ((. Plus 30% exceeding 4.010 Plus 40% exceeding ilih Rs 25.000 Rs. 25.000 30.001 50.000 4.700 W Plus 40% exceeding 6.010 Plus 50% exceeding Rs. 30.000 Rs. 30.000 50.001 70,000 12.700 ?j Plus 50% exceeding 16.010 Plus 55% exceeding 't ^ Rs. 50,000 '1 Rs. 50,000" 70.000 1,00.000 22.700 Plus 55% exceeding 27,010 Plus 60% exceeding f} Rs. 70.000 Rs. 70,000 ,, 4C^ 1 00.001 and more 39.200 Plus 60% exceeding ^ ^ t- ^ Rs. 1.00.000 A SURCHARGE • IN ADDITION to the Income-tax payable at the above rates, a surcharge ^" equal to 15% of the income-tax is also payable , h ^ * provided that in case where total Income does not exceed Rs. 10,540, the Income-tax • ^ ^ payable shall not exceed 70% of the total Income exceeding Rs. 10.000 ^ ** provided that in case where total income.does not exceed Rs. 10.690, the income-tax ^ payable will not exceed 70% of the total income exceeding Rs. 10.000 ^A | L calculate taxes correctly—pay promptly Issued by: ^ DIRECTOR OF INSPECTION ' (Research, Statistics 8 Publication) INCOME-TAX DEPARTMENT New Delhi-110001. ^_____________davp 78/i8