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Frequently Asked Questions

When should I pay income tax in India?

Any Indian citizen aged below 60 years is liable to pay income tax if their income exceeds 2.5 lakhs. If the individual is above 60 years of age and earns more than Rs.3 lakhs, he/she will have to pay taxes to the government of India. Additionally, the following entities that generate income are liable to pay direct taxes:

What is the income tax rate in India?

30%. As per the announcement in the latest budget session, the introduction of income tax slab 2019 takes the new gross turnover limit of Rs. 400 Crore for the purpose. Also, surcharge at the rate of 7% is applicable if the income of a domestic company is between Rs. 1 Crore and Rs. 10 Crore.

How to pay the Income Tax Online in India?

How to pay Income tax online in India Keep your Net Banking login details ready. Before preparing for the e-payment of tax, you need to check your mode of payment first. ... Select Challan for payment. You need to select the relevant challan as applicable to you to fill up details. ... Fill up PAN and Payment Details in Challan. ... Pay income tax online. ...


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