Financial year and Assessment year
Financial year: The Financial year is the time period which you have earned/received an income in a time period. Any income earned in the period...
Penalty for not Paying Taxes
The government can impose penalties on any individual or legal entity who evades taxes. The penalty is dependent on the category of the tax that...
Income Tax Slab Rates
Old Tax Regime GENERAL CATEGORY NON – SENIOR CITIZENS AGE BELOW 60 YEARS NET INCOME TAX RATES BELOW 2.5L NIL 2.5L TO...
Advantages of Paying Taxes:
Loan approvals: Filing taxes will help you to get easy loan approvals (Home loans, vehicle loans etc ITR copies are mandatory to get loans. Visa...