History lessons part two: The History of Shaolin Kung FuTang Dynasty:Shaolin Kung Fu really came into prominence and entered its golden era during the subsequent Tang dynasty (618-907AD). Income Tax Slabs on DividendDepending on the source of the dividend earned, the dividend income received by an individual is taxed. Turnover ParticularsTax RateIf the gross turnover in the previous year is less than Rs.250 crore25%If the gross turnover in the previous year is more than Rs.250 crore30%Additional rates which are applicable:Cess: 4% of the corporate taxSurcharge: When the taxable income is higher than Rs.1 crore but less than Rs.10 crore, the applicable surcharge will be 7%.Surcharge: When the taxable income is higher than Rs.10 crore, the applicable surcharge will be 12%. Health and Education Cess: “Health and Education Cess” will replace the “Secondary and Higher Education Cess” and “Education Cess” and will be charged at the rate of 4% on the tax amount which is calculated (this includes the surcharge as well).Income Tax Slab For DoctorsThe tax slabs and rates applicable to doctors for the Financial Year of 2018-19 are. IncomeRate ApplicableMore than Rs.50 lakh but less than Rs.1 crore10% of the income taxMore than Rs.1 crore15% of the income tax (applicable on amounts that are higher than Rs.1 crore).
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