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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

New Tax slab: 0-4L-0% 4-8L-5% 8-12L-10% 12-16L-15% 16-20L-20% 20-24L-25% 24L+30% People with income up to 12L will pay 0% income tax.

Any CA here how much is tax to pay on 30 lpa salary

Only In India If your Earn Rs 30 lakhs from Salary You pay Rs 8 lakh Tax If you earn Rs 30 lakh from buisness You pay Rs 1.5 lakh tax

If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?

This morning, I shared a post about the 30% tax notice on crypto, highlighting that individuals are being asked to pay 30% tax on their total turnover. After discussing the issue with several people, I discovered that some Binance users have received

If anyone wants to save income tax then I will tell you about a truck. What do you have to do, you have to invest in PM fund, bonds, road sanchar nigam ltd, railways, all these things, this will be a benefit to you, you will have interest in your mon

🧾 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