When you work 70 hours a week to create a tax filing portal, and it detects your tax evasion ☠️
Suffering from success❤️🔥
4 replies5 likes
PRATHAM
•
Spotify • 8m
Simple basic maths question that all the founders must solve.
If I bought a product for 100 with 18% tax ( SP with Tax )so what was the amount before applying tax ( SP) ❓Ez question from class 7 texts 😉👇
1 replies5 likes
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
Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
**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
Mahendra Lochhab
Stealth • 4m
51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.
2 replies2 likes
Hiral Jain
Stealth • 7m
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
GST Thread 2
What GST brings along with it -
1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation
Example - If I purchase plastic fr
During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India.
A video of Sitharaman facing criticism from a stock market broker has gone viral.
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0 replies6 likes
K
Stealth • 7m
Income Tax Return Filing
When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individual’s total income for the current financial year. This increase in incom