See the angle which ...ย โขย 9m
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Content creatorย โขย 1y
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES Based on Earnings from different departments โน27 - Borrowings & other liabilities โน19 - Income Tax โน18 - GST & Other Taxes โน17 - Corporate Tax โน9 - Non-Tax Receipts โน5 - Union Excise Duties โน4 - Cus
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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?
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