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Unfiltered thoughts (5/5) There are 3 types of India: India-1 ~Population of 110 Mn ~Per capita income of $10k ~Buys from Flipkart, watch Netflix, drink Starbucks coffee ~Contributes to 40% of India GDP ~Fluent with English ~35Mn credit card users

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Yash Agarwal

"Si vis pacem, para ...ย โ€ขย 11m

This year was my first time filing my ITR, (0 in taxex and no income) but it's a good practice to do so.

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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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