What is income tax slab? Individual taxpayers will be required to pay income tax according to the applicable slab structure. A person may be assigned to a different tax bracket depending on their income. Consequently, people with greater incomes will be required to pay more tax. The introduction of the slab system aimed to keep […]

Those with sources of income besides their salaries are obligated to pay advance tax. Advance tax can be paid by those who make money via renting out their property, selling their shares, making fixed deposits, winning the lottery, etc. The “Pay as you Earn” plan, often known as advance tax, can be paid through specific […]

Around 45 days have elapsed since the filing deadline for income tax returns, and the income tax administration has already started disbursing qualified taxpayers’ refunds. The income tax (I-T) department reports that as of September 8, 2022, refunds of Rs. 1.19 lakh crore had been given out, which is 65.29 per cent higher than had […]