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Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (₹) Tax Rate 0 – 1,200,000 = 0% 1,200,001 – 1,500,000 = 5% 1,500,001 – 2,000,000 =10% 2,000,001 – 2,500,000 =15% 2,500,001 – 3,000,000 =20% Above 3,000,000

Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: I

Dear business🔊 please note your tax audit applicability ➡️Every business, including private limited companies, individuals, and partnership firms (excluding those opting for the presumptive taxation scheme), is subject to a tax audit ifTotal sale

Key Things To do Before 31st March 2024 1 Invest in Tax Saving options Those who have opted for old tax regime must invest in tax saving options like ELSS MFs, Tax saver FDs, Life Insuarnace, PPF etc to claim deductions u/s 80C of the income ta

Greetings everyone! Let's learn about our tax system! The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh. It's because everyone pays the same tax regardless of their income. For example

BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.

If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?

Exciting to hear about CBG Blending Initiative Updates Please find some time to read the article. I have provided a brief update below. The National Biofuels Coordination Committee (NBCC) has announced a groundbreaking initiative to enhance the us

If you're an employee, you've got an in-hand salary hike today! This is because of Nirmala Sitharaman's tax cut for the new regime. April 2025 is the first month you see it in action. Your company would've cut lower TDS in accordance with the new sl

Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. International travel is the biggest expense.