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Mahendra Lochhab

Content creator • 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
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Jayant Mundhra

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Dexter Capital Advisors • 2m

I won’t waste time on old tax regime for two reasons: -> 70%+ income taxpayers had already switched from it by the end of FY24 -> With what’s announced today, it’s anyway dead. One would have to be a fool to stick with it So, what about the News T

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9 replies40 likes
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Hawk

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Medial • 8m

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

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20 replies52 likes
17

Ashutosh Mishra

Chartered Accountant • 9m

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.

0 replies7 likes
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Hiral Jain

Content writer • 10m

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

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16 replies11 likes
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CA Kakul Gupta

Chartered Accountant... • 2m

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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0 replies2 likes
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Kimiko

Posts about startup ... • 11d

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

2 replies19 likes
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theresa jeevan

Your Curly Haird mal... • 1m

Deadpool’s Tax Tips—Let’s Make It Simple! 💸 Salary below ₹12.75L? Go with the new tax regime—less pain, less paperwork. Easy peasy. 🥳 💰 Salary above ₹12L? If your exemptions (HRA, 80C, 80D, home loan, etc.) are more than ₹5L, old tax regime coul

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14 replies19 likes
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Hiral Jain

Content writer • 10m

Greetings everyone! So in a previous post, I spoke about the tax system let's take a deep dive into it! India follows a progressive taxation system, i.e. tax is imposed on their income, but this isn't fair, especially for paid employees! It's becau

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13 replies14 likes
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Anonymous

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

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0 replies1 like

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