Basics of Personal Income Tax with Mr. MS Shabbir of SENSAGE Financials

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This Friday, SENSAGE Financial Pvt Ltd Founder and Promoter Mr. M S Shabbir in his weekly talk with Mr. Akram Hoque, Founder Editor,

The Policy Times (https://thepolicytimes.com) shared the basics of Personal Income Tax highlighting the followings –

How does the government collect taxes?

There is a general misunderstanding that a person earning Rs12 lakhs will pay 30% tax on Rs 12 lakhs i.e. Rs 3.60 lakhs. Is this correct?

What are the important dates in connection with ITR filing?

When does an individual have to file the return?

What are the different heads of income?

How many different categories of individual taxpayers are there?

How many tax slabs are there and what are the different tax rates?

How much tax can one save if he invests Rs 1.50 lakhs which is the maximum limit under Sec 80 C?

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