Taxation:
People are generally obsessed with the tax that pay on their salaries. Many a times, they don’t even know that on what part of their salary, the tax is imposed. Therefore, they sometimes end up in paying the amount of tax which they would have not paid if they would be knowing the tax structure and the method to calculate their taxes. So, in this article, we have tried our level best to provide you with the knowledge of taxation and its calculation in lay man terms. Have a look below.
Tax is paid on your taxable income. Taxable income is the income left after deducting your tax deductions. So, these deductions play a vital role in the calculation of Tax. For a lay man, we’ll not go deep and help you provide an information on those parameters that will be useful to you.
