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Revision class
Economics
answered on 25-Jun-24 13:08
sir, please send all chapter revision classes
latest answer
We have deleted only exam strategy video not revision classes
K.Siddesha Kumar
CA Inter
★ 490
3
209
Icai results
Others
answered on 24-Jun-24 19:40
In portal they announced that check for results updates Means without announcement will they announce results directly
latest answer
They will make an announcement before actual results
Sruthi sruthi
CMA Inter
★ 640
1
348
pls confirm is it there in syllabus
Direct Taxation
answered on 25-Jun-24 08:27
if in syllabus pls can u explain with example Q3 & Q1
latest answer
Home Stock Market Guide What is Marginal Tax Rate? 5paisa Research Team Last Updated: 15 Jan, 2024 03:31 PM IST banner Listen Want to start your Investment Journey? +91 Enter Mobile Number Open Demat Account Content Marginal Tax Rates Examples Marginal Tax Rates in India Importance of Marginal Tax Rate What is the Maximum Marginal Tax Rate? Difference Between Effective and Marginal Tax Rates Conclusion In simple terms, the marginal tax rate refers to the tax rate applied to your next rupee of taxable income. As your income increases and you move into higher tax brackets, the marginal tax rate is the rate that applies to that portion of your income. The key thing to understand about marginal tax rates is that they apply only to the latest chunk of income, not the entire income. Marginal tax rates determine how much tax you pay on any additional income you earn. For instance, suppose your annual taxable income increases from ₹5 lakh to ₹5.5 lakh. The marginal tax rate applies to that additional ₹50,000 you earned, not the entire ₹5.5 lakh amount. In this way, your marginal tax rate is the tax you pay on your next rupee earned. It goes up progressively based on income slabs - higher income is taxed at higher percentages. Marginal Tax Rates Examples Suppose your total taxable income is ₹5.8 lakhs. Up to ₹2.5 lakhs is tax-free. On the next ₹2.5 lakhs (2.5 - 5 lakhs slab), you pay 5% tax. On an additional ₹0.8 lakh, the marginal tax rate is 20%. So you pay: • Nil tax on the first ₹2.5 lakhs • 5% of ₹2.5 lakhs = ₹12,500 • 20% of ₹0.8 lakh = ₹16,000 • Total tax = ₹12,500 + ₹16,000 = ₹28,500 Marginal Tax Rates in India Here are the income tax slabs and corresponding marginal tax rates in India: Total Taxable Income Tax Rates As Per New Regime Above ₹15 lakhs ₹1,87,500 + 30% of total income exceeding ₹15 lakhs ₹12.5 - ₹15 lakhs ₹1,25,000 + 25% of total income exceeding ₹12.5 lakhs ₹10 - ₹12.5 lakhs ₹75,000 + 20% of total income exceeding ₹10 lakhs ₹7.5 - ₹10 lakhs ₹37,500 + 15% of total income exceeding ₹7.5 lakhs ₹5 - ₹7.5 lakhs ₹12,500 + 10% of total income exceeding ₹5 lakhs ₹2.5 - ₹5 lakhs 5% ₹0 - ₹2.5 lakhs Nil
Sushmita Chowdhury
CA Inter
★ 2K+
3
428
Resident
Direct Taxation
answered on 24-Jun-24 11:24
Can a person be a resident in two countries during one AY
latest answer
Yes
Sampath R
CA Inter
★ 4K+
1
224
Resident
Direct Taxation
answered on 24-Jun-24 11:24
Can a person be a resident in two countries during one AY
latest answer
Yes
Sampath R
CA Inter
★ 4K+
1
189
OCI
Financial Reporting
answered on 24-Jun-24 19:42
What happens to the OCI balance if the company is going into the liquidation and there is no going concern Also can I take any charge or credit to OCI if there is no going concern to the company It would be helpful if you could share some guidance to refer for the same
latest answer
When a company goes into liquidation, the reserves balance have no impact. What is important is how much of assets are realised and liabilities are to be paid off. Balance is paid to shareholders.
Suresh Avinash
CA Final
★ 3K+
2
257
Branch accounting
Accountancy
answered on 26-Jun-24 11:48
MS/C and Sons has a branch at Kolkata where it sends goods at cost plus 50%. From the following particulars regarding the branch, prepare branch stock account, branch adjustment account, branch debtor account and branch profit and loss account as would appear in the books of C ltd.'s head office.[ Fig. in ₹] Stock at cost(1.4.21) : 40000 Debtors(1.4.21) : 36000 Cash(1.4.21) : 10000 Goods sent to branch (at IP) : 198000 Sales: Cash: 54000, Credit: 158000 Normal loss at cost : 4000 Sales returned to branch : 6000 Bad debts : 400 Cash remitted to H.O : 160000 Expenses paid by H.O : 10000 Cash(31.3.22) : 12000 Stock at IP(31.3.22) : 54000 Debtors(31.3.22) : 60000
latest answer
what is your doubt here?
Arti Sharma
CMA Inter
★ 0
2
454
Current ratio
Financial Management
answered on 24-Jun-24 08:53
Sir, while solving problem no.12 (i.e M Ltd) You're taking current ratio is 2.4 times But in the question current Ratio is 2:4 Is that print mistake sir
latest answer
It 2.4. We had updated that. Please refer to the pdf uploaded in the free resources in the app or website.
Satheesh Kumar
CA Inter
★ 15K+
1
294
CA INTER RESULT DATE
Exams
answered on 24-Jun-24 08:44
WHAT IS THE EXPECTED DATE OF CA INTER RESULT DATE???
latest answer
It will be around by end of this month
sai badrinath2000
CA Inter
★ 2K+
1
335
Ca final exam
Exams
answered on 24-Jun-24 08:59
When will be my first ca final attempt: 1. If i pass ca inter both groups in sep24 2. If i pass ca inter both groups in jan25
latest answer
After completion of CA Inter both groups , you need to go through 2 years of articleship. After completion of it you are eligible to write your Final exams
Abhirami Mohan K
CA Inter
★ 0
3
349