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
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Mutual Funds: A Closer Look at the Real Returns
Many people say that mutual funds are a great investment, but have we truly calculated the real returns, considering all factors like inflation and taxes?
Let me break it down with a simple example.