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🧾 TDS, Advance Tax & Refund — Simple Summary TDS (Tax Deducted at Source) is tax cut before you receive your income (like salary, interest, freelance payments). It’s paid to the government by the one who pays you. Advance Tax is tax you must pay i

India's Biggest Tax Contributors... Personal income tax is still India's biggest tax contributiors, accounts for more than 30% of total tax collections

If someone is considering switching to the new tax regime or finds the new tax regime difficult to understand, they should take a look at this once.

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! 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

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

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

I know that Delhi, Maharashtra and Karnataka account for much of India’s income tax collections. But, the fact that Delhi’s direct tax to GDP ratio is as much as 21%, while for Bihar it’s 0.9% - That is staggering! 🤯🤯 Came across this fantastic H

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

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