Work and keep learni...ย โขย 1y
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 โน2.5 lakh for individuals below 60 years. 2. 5% Tax: Income between โน2.5 lakh to โน5 lakh. 3. 10% Tax: Income between โน5 lakh to โน10 lakh. 4. 15% Tax: Income between โน10 lakh to โน12.5 lakh. 5. 20% Tax: Income between โน12.5 lakh to โน15 lakh. 6. 25% Tax: Income between โน15 lakh to โน20 lakh (with no surcharge). 7. 30% Tax: Income exceeding โน20 lakh.
Founder And CEO Of F...ย โขย 6m
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
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The Institute of Chartered Accountants of Indiaย โขย 5m
You still have to pay taxes if your income is below 12Lakhs.๐ Letโs talk about a crucial detail in the recent Indian Union Budget that many people are overlooking. If youโre already aware, great! But if not, this is essential to knowโotherwise, you
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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
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The Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, introduces significant reforms aimed at stimulating economic growth and providing relief to the middle class. Key highlights include: Income Tax Reforms: Revised Tax Slab
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