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Hiral Jain

CA inter • 1y

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

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CA Chandan Shahi

Startups | Tax | Acc... • 6m

Finance Bill 2025: Crypto Assets Under Greater Scrutiny! 🚨 The Indian government is tightening regulations on crypto-assets with key amendments in the Finance Bill 2025: 🔹 Expanded Definition of Virtual Digital Assets (VDAs):The definition unde

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Sanjay Srivastav. Footwear Designer

Hey I am on Medial • 7m

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?

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Avnish Singh

Ready to accomplish • 1y

Any CA here how much is tax to pay on 30 lpa salary

2 Replies
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RV Dhameliya

Student • 2m

🧾 TDS, Advance Tax & Refund — Simple Summary TDS (Tax Deducted at Source) is tax cut before you receive your income (like salary, interest, freelance payments). It’s paid to the government by the one who pays you. Advance Tax is tax you must pay i

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Medial User

Hey I am on Medial • 5m

if I have $100k worth of crypto in my wallet, how can i make it absolutely Tax free ?

12 Replies
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Rohan Saha

Founder - Burn Inves... • 5m

This morning, I shared a post about the 30% tax notice on crypto, highlighting that individuals are being asked to pay 30% tax on their total turnover. After discussing the issue with several people, I discovered that some Binance users have received

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PRATHAM

Experimenting On lea... • 2m

Taxes like Remittance Tax can be easily avoided using crypto once Crypto is accepted for basic payments. It's a boon for us and a curse for the government ( the same government who doesn't utilise the taxes efficiently ) What's Your Thought on th

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