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Latest revision as of 01:51, 21 May 2026

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What may be the rate? In the rate or rates enacted by Central Act for any Assessment Christmas. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable towards tax payer.

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In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some within the changes passed in the 2001 EGTRRA.