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Tax Planning: Everything You Need to Know

Tax Planning: Everything You Need to Know

Tax planning is a crucial aspect of financial management that focuses on strategic decision-making to mitigate tax liabilities within the framework of the…
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Income from Other Sources

Income from Other Sources: Types, Deduction, and Tax Rates

In the Income Tax Act, 1961 sources of income are classified and talk about the five forms of income. Other sources of income…
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Deduction for Salaried Individuals & Pensioners

Standard Deduction for Salaried Individuals & Pensioners

The Indian Income Tax Act's standard deduction is an important provision that enables taxpayers to lower their taxable income by a predetermined amount.…
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Importance of Self-Assessment Tax

The Concept and Importance of Self-Assessment Tax

The income tax system in India requires individuals to calculate their tax liabilities and pay amounts through a process called self-assessment tax. This…
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