Table of Contents
What is the tax on 5 crore?
Annual turnover of up to Rs. 400 Crore brought under corporate income tax slab of 25\%….Surcharges Applicable for Resident Individuals.
| Annual Income (Taxable) | Applicable Surcharge Rates |
|---|---|
| Between Rs. 50 Lakh and Rs. 1 Crore | 10\% |
| From Rs. 1 Crore to 2 Crore | 15\% |
| From Rs. 2 Crore to 5 Crore | 25\% |
| Rs. 5 Crore and above | 37\% |
What is good salary for freshers?
Employees as Fresher earn an average of ₹13lakhs, mostly ranging from ₹5lakhs per year to ₹49lakhs per year based on 73 profiles. The top 10\% of employees earn more than ₹20lakhs per year.
Do billionaires pay taxes in India?
“As per the information available with Central Board of Direct Taxes (CBDT), there is no legislative or administrative definition of the term billionaire under direct taxes. Wealth tax has been abolished with effect from 01.04.
What is the meaning of LPA in CTC?
LPA is the unit of Cost to Company (CTC) in India. For example: If a company is hiring someone by offering CTC of 10 lpa means it will be spending Rs. 10 lakh per annum on that employee. *Here lakh stands for Rs. 1,00,000.
What is the take-home salary with 15l CTC?
So, to actually give you a close figure, take-home salary with 15L CTC would fall in the range of 80k-110k. What’s the difference between a CTC of 25 LPA and 14 LPA when the in-hand salary in both the cases is more or less around 1-1.2 Lakhs per month?
What is CTC in salary in India?
In India, employee in a company is offered annual remuneration, this remuneration cost is defined as Cost to Company (CTC), which is mostly the maximum amount a company is going to spend on the employee directly or indirectly for that year.
How much LPA is enough for 7 years of experience?
If you have 7 years of experience, your salary must be 14 LPA and in worst case at least 12 LPA if you have switched one company only or not switched. So if you are able to earn as much amount which is fulfilling your daily needs and your desire too, then that LPA is fine for you, and never compare yourself with other.