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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

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (₹) Tax Rate 0 – 1,200,000 = 0% 1,200,001 – 1,500,000 = 5% 1,500,001 – 2,000,000 =10% 2,000,001 – 2,500,000 =15% 2,500,001 – 3,000,000 =20% Above 3,000,000

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

If you're an employee, you've got an in-hand salary hike today! This is because of Nirmala Sitharaman's tax cut for the new regime. April 2025 is the first month you see it in action. Your company would've cut lower TDS in accordance with the new sl

🚨 Breaking News: Major GST Overhaul Announced! 🚨 The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means

🚨 Breaking News: Major GST Overhaul Announced! The GST Council just dropped a game-changer: a sharp two-tier tax structure replacing the old four slabs! 🔹 New slabs: 5% & 18% standard rates 🔹 Heavy sin goods now taxed at 40% This means s

What's the best site or way to conduct a survey? I want to reach individuals with differing income slabs and age groups.

India's Biggest Tax Contributors... Personal income tax is still India's biggest tax contributiors, accounts for more than 30% of total tax collections