UAE has corporate taxes - 18 to 25%.
No income tax.
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Mahendra Lochhab
Stealth • 6m
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
Based on Earnings from different departments
₹27 - Borrowings & other liabilities
₹19 - Income Tax
₹18 - GST & Other Taxes
₹17 - Corporate Tax
₹9 - Non-Tax Receipts
₹5 - Union Excise Duties
₹4 - Cus
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Ashutosh Mishra
Stealth • 4m
Direct Tax collections for FY 2024-25 as of 17 September, 2024
Net Collections, YOY comparison
Corporate Tax : ₹4.53 lakh crore, up 10.5%
Personal Income Tax : ₹5.15 lakh crore, up 18.8%
STT : ₹26,154 crore, up 96%
Other Taxes : ₹1,812 crore, up
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Sameer Patel
Stealth • 8m
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
The Central Board of Direct Taxes (CBDT) has specified that no tax deduction at source (TDS) under Section 194Q of the Income Tax Act, 1961, will be required for purchases made from units of International Financial Services Centres (IFSC), provided b
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Mahendra Lochhab
Stealth • 23h
New Tax slab:
0-4L-0%
4-8L-5%
8-12L-10%
12-16L-15%
16-20L-20%
20-24L-25%
24L+30%
People with income up to 12L will pay 0% income tax.
2 replies4 likes
Ashutosh Mishra
Stealth • 9m
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
Income Tax Old Regime vs New Regime
All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.
1 replies5 likes
Naman Kapoor
Stealth • 23h
There is no income tax upto Rs. 12 lakhs of income.
Great news.
Now I just have to figure out how to earn an income of Rs. 12 Lakhs!
6 replies3 likes
Vishu Bheda
Stealth • 8m
What's a scam that's so normalized that we don't even realize it's a scam anymore?
Me- Taxes. Once you tax the income, why is there a tax again in the name of GST?
Whatever the shop / company earns they can give it as income tax.
This approach n
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Hawk
•
Medial • 6m
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
