Do you know the 30:30:30 fact about Indian income tax?
Just 30% of people who file their incomes, actually pay any tax.
And just 30% of those people pay tax at a 30% rate.
..
Most people outside that segment fall into one of the three segments.
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Anonymous 3
Stealth • 5m
8x increase in tax outgo in 5 years? Ouch.
0 replies
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Sameer Patel
Stealth • 7m
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
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