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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

What is your opinion on the new tax regime?

Here’s a real- lesson from July 2024: Many salaried employees, while filing their ITR, realized too late that they had missed out on crucial tax planning and investment opportunities because the financial year had already closed. Don’t let this hap

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

I won’t waste time on old tax regime for two reasons: -> 70%+ income taxpayers had already switched from it by the end of FY24 -> With what’s announced today, it’s anyway dead. One would have to be a fool to stick with it So, what about the News T

A sin tax is an excise tax levied on goods and services like tobacco, alcohol and gambling, which are deemed harmful to people. The tax aims to reduce or eliminate the use of such products by making them more expensive to buy. The government is expec

In india Upto 18% GST Is Applicable - Education sector. Medical Industries - GST is Applicable. Luxury cars - Low ROI Tractors, - High ROI This Rules are Correct What is your opinion. its just an Question.. Because we stopped questionings..??

In dubai, the tax on IT business is 0 % But still, Why did benagaluru became IT Hub? Comment down the possible reasons

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

When the income tax return filing date is near, the income tax department goes into full marketing mode to remind taxpayers to file on time. Guess what? Even they have targets and quotas like our marketing and sales teams! 🎯 Imagine the tax offic