Login

Post on Medial

Sameer Patel

Stealth • 6m

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: Income between ₹2.5 lakh to ₹5 lakh. 3. 10% Tax: Income between ₹5 lakh to ₹10 lakh. 4. 15% Tax: Income between ₹10 lakh to ₹12.5 lakh. 5. 20% Tax: Income between ₹12.5 lakh to ₹15 lakh. 6. 25% Tax: Income between ₹15 lakh to ₹20 lakh (with no surcharge). 7. 30% Tax: Income exceeding ₹20 lakh.

1 replies9 likes
1
Replies (1)

More like this

Recommendations from Medial

Image Description
Image Description

Hawk

 • 

Medial • 4m

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

See More
20 replies52 likes
17
Image Description
Image Description

Asifur Borbhuyan

Stealth • 7m

🚨 India's new tax rules come into effect from tomorrow. Upto 3 lakh - 0 3 lakh to 6 lakh - 5% 6 lakh to 9 lakh - 10% 9 lakh to 12 lakh - 15% 12 lakh to 15 lakh - 20% 15 lakh and above - 30%

4 replies9 likes
1
Image Description
Image Description

Hiral Jain

Stealth • 6m

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

See More
15 replies11 likes
7
Image Description

Ashutosh Mishra

Stealth • 2m

Direct Tax collections for FY 2024-25 as of 17 September, 2024 Net Collections, YOY comparison Corporate Tax : ₹4.53 lakh crore, up 10.5% Personal Income Tax : ₹5.15 lakh crore, up 18.8% STT : ₹26,154 crore, up 96% Other Taxes : ₹1,812 crore, up

See More
1 replies5 likes
Image Description
Image Description

Mahendra Lochhab

Stealth • 3m

51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.

2 replies2 likes
Anonymous
Image Description
Image Description

Anonymous

Stealth • 4m

76% of Nvidia employees became millionaires thanks to the rapid growth of the company's stock value. 💼💰 - More than a third, or 36.6%, have a net worth of $20 million or more. 💵🎉 - 7.8% have between $10 and $20 million. 💸 - 8.5% have between $5

See More
2 replies8 likes
Image Description
Image Description

Havish Gupta

Stealth • 6m

Intresting Question! For eg, we are filing for taxes and our tax due is 50 Lakhs, so do you think there should be an option for us to select where that money will go? Like we can choose 10 Lakh for Space Mission, 5 Lakh for military, 10 lakh for hea

See More
12 replies11 likes
Image Description
Image Description

Inactive

Stealth • 3m

10 Startup Schemes for Indian Students in 2024 🇮🇳 1. Startup India Seed Fund Scheme → Up to ₹20 lakh for proof of concept 2. Atal Innovation Mission (AIM) → Incubation centers and mentorship programs 3. NIDHI-EIR (National Initiative for D

See More
7 replies103 likes
142
Image Description

Asifur Borbhuyan

Stealth • 7m

10 years back only 1 🇮🇳 firm had a 5 LAKH Crore MCap: TCS. 8 yrs back we had 2: TCS & RIL. 4 yrs back we had 4: TCS, HDFC Bk, RIL & INFY. Today we have 11 : TCS, RIL, HDFC Bk, HUL, ICICI Bk, AIRTEL, SBI, INFY, ITC, L&T & LIC. Am sure in 4-5 y

See More
1 replies4 likes

Mahendra Lochhab

Stealth • 3m

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

See More
0 replies6 likes

Download the medial app to read full posts, comements and news.