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 โน2.5 lakh for individuals below 60 years.
2. 5% Tax: I
What's your view on Income Tax?
I am just frustated with this tax system๐
16 replies14 likes
CA Saloni Jaroli
Grow & Glowย โขย 26d
What's your last date of income tax return filling?
1 replies2 likes
Mahendra Lochhab
Content creatorย โขย 2m
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
Chartered Accountantย โขย 9m
Income Tax season is here for Individuals. In case, you have invested in last year, do see my account for next couple of days for Income tax series. Will post from 29 June 2024.
0 replies4 likes
financialnews
Founder And CEO Of F...ย โขย 2m
Budget 2025 expectations: Income tax relief buzz
Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri
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3 replies2 likes
Sajin
ย โขย
Foundationย โขย 3m
Is income tax aiding to development of the nation? What are your thoughts?
0 replies3 likes
Naman Kapoor
๐ย โขย 2m
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
Hiral Jain
Content writerย โขย 11m
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
๐ Bjp government is on fire ๐ฅ
โข No income tax ๐ฐ
โข Less toll tax ๐
โข Huge economic activities ๐
โข 10 Thousand crores for entrepreneurs ๐งโ๐ซ
