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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Hiral Jain
Content writer • 1y
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
🗣 Windows will become paid: support for the system will cost $30 per year 💵.
For businesses, the price will be higher: in the first year of support, they will have to pay $61, and each subsequent year will double that amount 🔄.
Free support en
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Chamarti Sreekar
Passionate about Pos... • 25d
Hey Prime Video watchers! from June 17, 2025, you'll see a few ads while you're watching. The price you pay for Prime Video now will stay the same.
If you don't want to see any ads, you can pay extra. It'll cost ₹699 for the whole year or ₹129 each
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Vihaan Subbaiah
Rationale before eve... • 3m
Considering good returns and the 0% tax on agricultural earnings. What percentage of your portfolio would you be interested to invest in managed agricultural investments ?
Income Tax Return Filing
When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individual’s total income for the current financial year. This increase in incom
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Mahendra Lochhab
Content creator • 10m
51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.
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Ashutosh Mishra
Chartered Accountant • 1y
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
Summary of action points Before March 31, 2025
✔ Review tax-saving investments.
✔ Pay pending taxes/advance tax.
✔ Submit investment proofs to employer (if salaried).
✔ Plan capital gains/losses for tax efficiency.
✔ Update financial records for the
