A Labourer Found A Real Diamond Worth
Rs 1 Crore Becomes its Official Owner. Rs 42 lakh Tax Will Be Deducted From Rs 1 crore.
I hope he manage finance properly.
🥺BUT 42 LAKH DEDUCTED AS TAX 😭
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
1 replies7 likes
Ashutosh Mishra
Chartered Accountant • 6m
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
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1 replies5 likes
Prem Siddhapura
Unicorn is coming so... • 4m
**Tax Revenue Hits Record Highs** 📈
The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰
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0 replies3 likes
Sumangal Bose
Jack of all trades • 9m
Reliance's market capitalisation crosses Rs 21 lakh crore for first time.
0 replies13 likes
mg
News & updates • 1m
Most valuable unlisted companies
Zoho valued at Rs 1.04 lakh crore and Zerodha at Rs 87,750 crore Ranked among India's most valuable unlisted companies
1 replies8 likes
mg
News & updates • 1m
Goldman Sachs buys 7.28 lakh shares of BSE ltd at Rs 5504 per share worth Rs 401 crore
1 replies11 likes
Mahendra Lochhab
Content creator • 4m
India expects 48 lakh weddings in the next two months; may generate Rs 6 lakh crore in business: CAIT
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