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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

Many of you have know that only less than 5% population in india, pays taxes. But there is reason for it. According to this economic times report, only 1.8 crore people earn more than 5 lakhs annually (~2%). And if you earn less than 5 lakhs, you leg

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

HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments ₹27 - Borrowings & other liabilities ₹19 - Income Tax ₹18 - GST & Other Taxes ₹17 - Corporate Tax ₹9 - Non-Tax Receipts ₹5 - Union Excise Duties ₹4 - Cus

Do you know the 30:30:30 fact about Indian income tax? Just 30% of people who file their incomes, actually pay any tax. And just 30% of those people pay tax at a 30% rate. .. Most people outside that segment fall into one of the three segments.

Do you know the 30:30:30 fact about Indian income tax? Just 30% of people who file their incomes, actually pay any tax. And just 30% of those people pay tax at a 30% rate. .. Most people outside that segment fall into one of the three segments.

Was it a Budget of expectations? The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime. 1. Standard Deduction Increase: T

https://www.businesstoday.in/latest/corporate/story/godrej-family-begins-formal-division-of-group-to-start-divestments-soon-report-426069-2024-04-19 their sonnwill get exemption from heavy capitals gain u/s 47(iii) of Income tax act 1962 Informatio

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HOW CAN WE INCREASE THE SPENDING POWER OF INDIAN MIDDLE CLASS ? MY OPINION " REMOVE INCOME TAX , SO PEOPLE WILL HAVE EXTRA MONEY TO SPEND. AND GOVERNMENT WILL EARN MORE IN GST AND OTHERS IF PEOPLE SPEND AND INVEST THAT EXTRA MONEY MONEY