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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

🚨 India's new tax rules come into effect from tomorrow. Upto 3 lakh - 0 3 lakh to 6 lakh - 5% 6 lakh to 9 lakh - 10% 9 lakh to 12 lakh - 15% 12 lakh to 15 lakh - 20% 15 lakh and above - 30%

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

Simplifying Taxes on Stock Trading: FY 2024-25 🧾📊 Taxes on stock trading can feel daunting, but a clear understanding helps you keep more of your gains! Here's an easy-to-follow guide: 📈 Long-Term Trading - ⏳ Holding Period: Over 12 months

51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.

**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. 💰

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

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

In which category do you fall for income (yearly)?

Man Earning Rs 10,000 A Month Gets Income Tax Notice Of Rs 2 Cr In Bihar 😂 He was asked to deposit Rs 67 lakh within two days . When he went to the IT department office, he was told to go for an appeal 🥹