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Understanding Income Tax Slabs

1. What Are Income Tax Slabs? Income tax slabs define the progressive tax rates applied to different income ranges. As your income increases, the applicable tax rate also increases—a system aimed at equity and fairness in taxation. 2. Old Regime

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The History Of Income Tax In India

Ancient Beginnings Mentioned in Manu Smriti, with traders & artisans paying ~20% of income; agriculturists paid between 1/6 and 1/10 in kind. Kautilya’s Arthashastra (~230 BC) introduced structured taxation: fixed rates (e.g. 1/6 for farmers), progressive slabs, scheduled payments, tolls, export/import

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What is Income Tax ?

What is Income Tax Income tax is a portion of your earnings that you pay to the government. It’s used to fund vital services like healthcare, education, infrastructure, and national security. TAX – Let’s Start Simple! Think of income tax

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#FF11 Are you aware of the new rules on EPF Withdrawals?

What you need to know:· EPF (Employees’ Provident Fund) is your retirement savings account where you and your employer contribute.· You can generally withdraw your EPF only after retirement.· Partial withdrawals are allowed for specific reasons like medical bills or house purchase. Complete

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Understanding Income Tax Slabs

1. What Are Income Tax Slabs? Income tax slabs define the progressive tax rates applied to different income ranges. As your income increases, the applicable tax rate also increases—a system aimed at equity and fairness in taxation. 2. Old Regime

Read More

The History Of Income Tax In India

Ancient Beginnings Mentioned in Manu Smriti, with traders & artisans paying ~20% of income; agriculturists paid between 1/6 and 1/10 in kind. Kautilya’s Arthashastra (~230 BC) introduced structured taxation: fixed rates (e.g. 1/6 for farmers), progressive slabs, scheduled payments, tolls, export/import

Read More

What is Income Tax ?

What is Income Tax Income tax is a portion of your earnings that you pay to the government. It’s used to fund vital services like healthcare, education, infrastructure, and national security. TAX – Let’s Start Simple! Think of income tax

Read More

#FF11 Important News on Income Tax Filing

1. Track Correction Requests in your AIS: The Income Tax Department has improved the Annual Information Statement (AIS) to show the status of your correction requests. Previously, after reporting an error in your AIS, there was no way to know if

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