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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

Key Things To do Before 31st March 2024 1 Invest in Tax Saving options Those who have opted for old tax regime must invest in tax saving options like ELSS MFs, Tax saver FDs, Life Insuarnace, PPF etc to claim deductions u/s 80C of the income ta

Happiness is: Getting approached by your crush ❌ Receiving your income tax refund after filing ITR ✅ PS: File your ITR before the month end guys 🙃

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

Income Tax Old Regime vs New Regime All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.

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

Attention GST taxpayers: November 30, 2024 is last day to claim pending input tax credit by filing GSTR 3B November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods

Dear Companies, This is a reminder that the due date for filing the Tax Deducted at Source (TDS) return for Quarter 4 (January to March) is 31st May 2024. Please ensure proper submission of your TDS return. Dear Individuals, Ensure that your TDS d

In India, taxes like income tax are really high, but the public services don't seem to match. My suggestion: If someone pays ₹5 crore in tax, the govt should tell them, 'Instead of paying us, invest that money in your local area—build roads, schools,

PAN Card The PAN (Permanent Account Number) card is a ten-digit alphanumeric identifier issued by the Income Tax Department of India. It's crucial for various financial transactions such as opening a bank account, filing income tax returns, and buyin