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Income Tax: Types, Slab Rates and Heads

Income Tax is a type of tax that you directly pay to the government depending upon the income or profit you have earned during a financial year. The government further utilizes the received income tax amount in maintaining and developing the country’s infrastructure such as schools, hospitals etc. Content Index Types of Taxes Definition of … Read moreIncome Tax: Types, Slab Rates and Heads

Difference Between Direct and Indirect Taxes in India

Tax is a charge enforced and collected by the Central or/and State government to provide for the administration and meeting requirements of the country such as running hospitals, schools, roads, military production, law enforcement, etc. Types of Taxes in India The tax structure is broadly sub-categorized into two categories that are: Direct and Indirect Taxes. … Read moreDifference Between Direct and Indirect Taxes in India