When you work 70 hours a week to create a tax filing portal, and it detects your tax evasion ā ļø
Suffering from successā¤ļøāš„
4 replies5 likes
PRATHAM
Ā ā¢Ā
SpotifyĀ ā¢Ā 10m
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) āEz question from class 7 texts šš
1 replies5 likes
Hawk
Ā ā¢Ā
MedialĀ ā¢Ā 7m
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** š
The governmentās net direct tax collection, post-refunds, surged 15.4% to ā¹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ā¹15.02 lakh crore. š°
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0 replies3 likes
Sameer Patel
StealthĀ ā¢Ā 9m
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 ā¹2.5 lakh for individuals below 60 years.
2. 5% Tax: I
51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.
2 replies2 likes
Hiral Jain
StealthĀ ā¢Ā 9m
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
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?
šø25 Basic terms you should know before watching Budget 2025 on Feb 1
Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2025, marking the second full budget of Prime Minister Narendra Modiās government in its third term, a
