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
Largest employer in India:
Did you know Indian government is the largest employer, not just in India but across the world.
Indian Railways - 12.13 Lakh
Tata Consultancy Services - 6.02 Lakh
India Post - 4.30 Lakh
Reliance industries limited - 3.89
New Property Taxation Scenarios:
1) Modest Gains, High Burden
2004 Buy Price: ₹50 lakh
2024 Sell Price: ₹1.6 crore
Old Taxation: ₹7,339
New Taxation: ₹13.75 lakh
Your tax liability jumps from ₹7,339 to ₹13.75 lakh!!!
2) Moderate Gains, Heavier Lo