Hey I am on Medial • 4m
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?
Content writer • 1y
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
See MorePassionate about Pos... • 1m
Why should you pay gst and sgst on service charges? That is illegal. If you are not happy why should you agree to pay service charges? I see they got cheated.. Tax should be on bill.. which means 1214 * 5% which 60.70 but they added gst on service c
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