Recent Posts

Should I pay income tax?

The one normal question that arises among the new money makers is “Should I pay any tax for my income?” . Well, here is the answer that explains how the Government of India has classified age and income slabs for levying income tax. Tax is calculated based on the income …

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What is Education Cess?

Along with the Income Tax, you may notice cesses called Education Cess and Secondary and Higher Education Cess are levied, not on the income directly, but on the tax payable amount. According to the recent budget announcement, Education Cess and Secondary and Higher Education Cess are charged at 2% and …

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