We have a progressive system of taxation in India. It simply means— higher the income, the higher the payable tax. Moreover, the income tax is dependent on a slab system defined by the Tax Department. Note that various tax incentives are also added for that category who needs to pay lon...
House Property and Income Tax Return Capital Gains and Income Tax Return How to Calculate Income Tax Advance Tax, Self Assessment Tax and Challan 280 Challan 280 Videos on Income Tax Income Tax for various years Income Tax For Employee i.e Salaried Senior Citizen and Tax NRI and Income Tax ...
Your tax liabilities for a Financial Year are calculated from the income earned by you during that year. Sometimes, that income includes arrears (past dues paid in the current year). Usually tax rates increase with time which means that you may have to pay higher taxes in such case. However...
Individual taxpayers under the age group of 60 years for all residents and NRI citizens of India Resident senior citizens between 60 years to 80 years Resident super senior citizen individuals are the ones above 80 years old However, under the new tax regime, the income tax slabs are common ...