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Tax Guide
What is progressive taxation?
The income tax rates in India increase in a staggered manner; this policy is known as the policy of progressive taxation... (read more)
Comparison between old and new tax structures
The new budget has already brought good cheer to the average Indian by raising the taxation slabs... (read more)
Benefits of new taxation structure
How exactly does an individual stand to benefit from the new taxation structure? Consider a 30-year-old male assessee...(read more)
How to calculate tax?
What is the precise mathematics of tax calculations? Given below are sample computations for three salary levels...(read more)
Tax implications of salary components
Salaries paid in India are usually a mix of a number of allowances and perquisites, each having a separate tax treatment...(read more)
Calculation of tax on other incomes
In addition to their salary incomes, there are other income avenues available to the salaried individual...(read more)
How to file tax return?
The Income Tax Act specifies that every taxpayer has to file a return regarding the payment of his/her taxes with the IT department...(read more)
 
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