Finance Knowledge base

Personal Finance

Why do I need to pay taxes?

The citizens of India are required to pay Income tax as well as other taxes as per law. Taxes are used by the government for carrying out various welfare schemes including employment programmes. There are Lakhs of employees in various departments and the administrative cost has to be borne by the Government. Though the judicial process involves delay, yet the Salaries, perks of Judges, Magistrates and judicial staff has also to be paid by the Government. Thus on considering these various duties of the Government, we need to appreciate that we must pay tax as per law. We have to act like a responsible citizen.

How much do I need to pay taxes?

How do I pay income tax?

What is ITR?

When to file ITR?

How to file ITR?

When does income tax return happen?

What are the different sections of personal taxes?

What are the forms associated with personal tax?

How can I save taxes if I am earning <=20L?

What is TDS?

Who needs to pay TDS?

How much is the TDS?

How to file tax returns for TDS?

Apart from income tax and TDS what are the deductions/ taxes applied on us?

Business Finance

TDS vs GST vs Salary, if the income is <=20L?

How freelancers/ consultants pay taxes?

When do freelancers/ consultants pay taxes?


Forms associated with TDS and GST?

When to apply for GST?

How to apply for GST?

Tax on Shares

What are the taxes for dividend?

How to file tax returns for dividend?

What are the taxes for selling share?

What are the taxes for profit/ revenue on option trading?

Property Tax