Work and keep learni... • 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 ₹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.
Founder And CEO Of F... • 5m
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 India • 5m
You still have to pay taxes if your income is below 12Lakhs.💀 Let’s talk about a crucial detail in the recent Indian Union Budget that many people are overlooking. If you’re already aware, great! But if not, this is essential to know—otherwise, you
See MoreContent writer • 1y
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 MoreAn professional with... • 5m
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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