What is Tax to GDP Ratio in India?
When one needs to assess how well a country’s government uses its economic resources through taxes, one of the key metrics used is the tax to GDP ratio. As the…
When one needs to assess how well a country’s government uses its economic resources through taxes, one of the key metrics used is the tax to GDP ratio. As the…
When you first deal with taxes yourself, it’s one of those moments that makes you realise, “Wow, I’m a real grown up now!” But all that excitement starts to slowly…
What is GST? Due to the various types of indirect taxes levied on consumers and businesses, many felt the need for a unified tax system. It was the government led…
The Income Tax Act of 1961 specifies various tax exemptions and deductions available to taxpayers in India. These exemptions and deductions can help reduce your overall tax liability, but they…
Form 16 is one of the most important documents for filing income tax returns for salaried individuals. Employers issue form 16 before June 15th every year, and it contains details…
TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are often confused due to their similar names, which leads to taxpayers using the two terms interchangeably. However there…