Under the existing tax structure, there are 3 tax slabs for which income tax is levied. These include 5%, 20%, and 30% tax slabs. The citizens currently have an option to continue with the existing structure and claim various tax deductions likehouse rent allowance, leave travel allowance, ...
Interest on deposits in savings account Income tax rates as per tax slabs – FY 2023-24 The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benef...
Freelancing is an enticing profession commonly associated with the notion that it yields a substantial income. But in India, every income above a specific range is taxable, and so is the income of the freelancer. The income tax department of India considers the income of the freelancers under t...
“Dear Distributor’s, We are pleased to advise you that the Company will reimburse the GST paid by you on the Bonus earned from the date of applicability of GST As you all are aware, that Govt of India has introduced Goods and service Tax (GST) with effect from 1st July 2017. As pe...