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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

If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?

🧾 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

Any CA here how much is tax to pay on 30 lpa salary

Finance Bill 2025: Crypto Assets Under Greater Scrutiny! 🚨 The Indian government is tightening regulations on crypto-assets with key amendments in the Finance Bill 2025: 🔹 Expanded Definition of Virtual Digital Assets (VDAs):The definition unde

if I have $100k worth of crypto in my wallet, how can i make it absolutely Tax free ?

Meanwhile people still asking is Crypto legal in India (with 30% flat tax on profits)

This morning, I shared a post about the 30% tax notice on crypto, highlighting that individuals are being asked to pay 30% tax on their total turnover. After discussing the issue with several people, I discovered that some Binance users have received