Person who has 14LPA as CTC is happier than person who has 15LPA as CTC!!
IYKYK👀
#incometax
Havish Gupta
Stealth • 5m
If you are saying this because of the tax slab. You are Wrong.
Tax for income above 15 lakh is taxes at 30% but the income tax is charged on per slab basis.
That means, even if one is earning a crore. The first 3 lakhs won't be taxed, next 3 lakhs at 5% and so on.
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Give me one reason why Agriculture income above certain limit, say Rs 25 lakhs, should not be taxed?
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Audisankara College of Engineering and Technology • 6m
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Ashutosh Mishra
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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.
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Mahendra Lochhab
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Based on Earnings from different departments
₹27 - Borrowings & other liabilities
₹19 - Income Tax
₹18 - GST & Other Taxes
₹17 - Corporate Tax
₹9 - Non-Tax Receipts
₹5 - Union Excise Duties
₹4 - Cus
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Ashutosh Mishra
Stealth • 3m
Direct Tax collections for FY 2024-25 as of 17 September, 2024
Net Collections, YOY comparison
Corporate Tax : ₹4.53 lakh crore, up 10.5%
Personal Income Tax : ₹5.15 lakh crore, up 18.8%
STT : ₹26,154 crore, up 96%
Other Taxes : ₹1,812 crore, up
