What is the tax rate of sole trader
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Hello Frnd
A sole trader is person who trade solely. He is called a sole properiter.
A sole properiter's income is not separate from his entity's income. That's why he needs to pay Income Tax.
Following is the Income Tax slabs
250,001 to 500,000 >>>> 10℅
500,001 to 1,000,000>>>>>25000+ 20℅ of amount exceeded by 500,000
1,000,001 to No limit >>>>> 125,000 + 30% of amount exceeded by 1,000,000
hope it helps
jerri
A sole trader is person who trade solely. He is called a sole properiter.
A sole properiter's income is not separate from his entity's income. That's why he needs to pay Income Tax.
Following is the Income Tax slabs
250,001 to 500,000 >>>> 10℅
500,001 to 1,000,000>>>>>25000+ 20℅ of amount exceeded by 500,000
1,000,001 to No limit >>>>> 125,000 + 30% of amount exceeded by 1,000,000
hope it helps
jerri
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