Understanding your residential status is the first step to knowing how your income will be taxed in India. Whether you are working abroad, investing in Indian shares or property, or earning rental income, identifying your NRI (Non-Resident Indian) status can...

What is the Meaning of Income From Business and Profession? As per section 2(13) of the Income Tax Act, a business includes any trade, commerce or manufacture or any adventure or concern like trade, commerce or manufacture. The term profession...

It’s that time of the year again – Tax Planning. With the financial year-end around the corner, all of us start planning our tax savings now. As a salaried employee, before anything, you should understand your tax slab and meaning...

Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...

Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...

Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...

Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...

Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...