Income Tax is a kind of tax that is levied by government on the income generated from different sources. It is a direct tax, that is paid directly by the taxpayer to the Government of India. Income Tax is one of the major sources of income for the Government, which is thereafter used to fund… Continue reading Why is Income Tax necessary?
Income Tax Calculator enables taxpayers to determine taxable income and overall tax liability which are available online these days. In addition to this, the income tax calculator evaluates your taxes on the basis of your annual income, applicable tax slab and the deductions that are eligible to claim under section 80C and section 80D. Like… Continue reading Income Tax Calculator Basics For Beginners