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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

What's your view on Income Tax? I am just frustated with this tax system🙁

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.

Is income tax aiding to development of the nation? What are your thoughts?

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

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

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

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

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

Income Tax season is here: Dont forget to claim House Rent Allowance (HRA) deduction given by your company so that you can save a substantial amount of tax.