Section 80C Section 80C of the Income Tax Act of India allows a maximum deduction of up to Rs 1.5 lakh every year. This deduction is available only for individual taxpayers & HUF. Corporates, Firms are not qualified to avail…
A Limited Liability Partnership (LLP) is a type of business structure that combines the benefits of a partnership and a corporation. It offers limited liability protection to its partners, similar to a corporation, while also allowing the flexibility and tax…
In India, Tax on Individuals is based on a slab system, where different tax rates are assigned to different income ranges. So if a person's income increases, the tax rates also increase. Slab rates also vary based on the age…