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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

India's Biggest Tax Contributors... Personal income tax is still India's biggest tax contributiors, accounts for more than 30% of total tax collections

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

There is no income tax upto Rs. 12 lakhs of income. Great news. Now I just have to figure out how to earn an income of Rs. 12 Lakhs!

India's Income Pyramid Revealed ! 🇮🇳 Only 0.004% Earn more than 10Crore & 85% of people earn less than 2.5 Lakh annually ⬇️ Open image ⬇️

New Tax slab: 0-4L-0% 4-8L-5% 8-12L-10% 12-16L-15% 16-20L-20% 20-24L-25% 24L+30% People with income up to 12L will pay 0% income tax.

Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri

Number of people earning more than 1 crore per year in India, according to the Income tax department.

question 1 © ...what is easiest way of convert 5 digit (10, 000) income into 6 digit (100,000) income ?