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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

Income Tax season is here for Individuals. In case, you have invested in last year, do see my account for next couple of days for Income tax series. Will post from 29 June 2024.

📢 Income Tax Filing Awareness – Don’t Miss the Deadline! ✔️ Filing your Income Tax Return (ITR) is mandatory if your annual income exceeds the exemption limit. ✔️ It helps you avoid penalties, claim refunds, and build a strong financial record. ✔️

Hey everyone! Have you heard about the new PAN Card 2.0? 🤔 It's taking taxpayer identification to a whole new level with enhanced features and a streamlined application process. Check out this article to learn more about how it's revolutionizing the

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🚨 GST Council Introduces 'Track and Trace' Mechanism 🚨 The GST Council has approved a 'track and trace' system to combat tax evasion in specific industries. Cigarettes and pan masala are expected to be the initial focus of this initiative. Key H

Income Tax Return Filing When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individual’s total income for the current financial year. This increase in incom

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🧾 TDS, Advance Tax & Refund — Simple Summary TDS (Tax Deducted at Source) is tax cut before you receive your income (like salary, interest, freelance payments). It’s paid to the government by the one who pays you. Advance Tax is tax you must pay i