Income Tax

The Income Tax Department is a government agency undertaking direct tax collection of the Government of India.

How to calculate tax ?

To calculate income tax, include income from all sources. Include: Income from Salary (salary paid by your employer) Income from house property (add any rental income, or include interest paid on home loan) Income from capital gains (income from sale purchase of shares or house)

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One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.

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