Under the Income Tax Act, there are five heads, which are known as the heads on income. At the end of each year, you or your accountant is expected to classify your yearly earnings under these heads of income as per the Income Tax Act to calculate the amount of tax payable by you as a registered citizen of a country. Know everything in detail in this video.
4 Sep 2022Business income is taxable at normal slab rates of an individual
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2 min read15 Jan 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared