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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?

Only In India If your Earn Rs 30 lakhs from Salary You pay Rs 8 lakh Tax If you earn Rs 30 lakh from buisness You pay Rs 1.5 lakh tax

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

When you work 70 hours a week to create a tax filing portal, and it detects your tax evasion ☠️ Suffering from success❤️‍🔥

I think next civil war in India happens because of tax . We are facing this huge problem since 1947 and every government force only middle class people's for tax . According to reports only 3.5% people in India paying tax and other are just enjoying

In a couple of years, freebies from big companies will end, and we'll have to pay for everything. Want quality content? You'll need to subscribe. We’re getting used to it all. From supplements and food to entertainment and work, our subscriptions c

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

One Tax Policy: A New Era of Taxation in India? What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service

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.

Ever wondered how much tax your favorite cricketers pay? Interestingly, a major chunk of their income comes from brand endorsements!