Natural persons (such as the self-employed) pay tax on their profits through their personal income tax returns. Tax Planning Although you may be able to complete your tax returns yourself, many people find the process confusing, boring and stressful. That’s why they ask us for help. Our fully qualified tax advisors have had years of experience and will able to guide you through the process and make it as quick and easy as possible. People’s incomes are grouped into blocks called tax brackets or tax slabs. And each tax slab has a different tax rate. Rate at which income is charged to tax increases with increase in income. Budget 2020 introduced a ‘New tax regime’ for the Individuals and HUF taxpayers.
No comments:
Post a Comment