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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

**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. 💰

Unbelievable! How This Millet Idli Seller Earns ₹7.5 Lakh a Month! #income #shorts #trending #money

Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri

Indians spending a record $31.7 billion overseas in FY24, up 17% from the previous year, despite the introduction of tax collection. International travel is the biggest expense.

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

Just 1% of Indians are paying 80% of the Nation's income tax

✅ What is the last date for filing Income Tax Returns for individuals in India?

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

💡 Did you know that only 5–6% of Indians actually pay income tax? Of the 7.4 crore returns filed in 2022–23, nearly 70% had zero tax liability. That leaves a thin slice of the population, mostly salaried middle class professionals who are bearing t