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Income tax classes
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post Oct 16 2020, 08:41 AM
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Both wages and profits are taxable by India's government. However, depending on the rate and the age of the taxpayer, each income source has a different taxable percentage. Taxing rates on investments are calculated on the basis of the period from which it was invested in.

There are five stipulated sources under the Income Tax Act 1961, such as wages, company or occupation, household property, capital gains and other sources. Revenue from other sources entails revenue from residual sources. Know more: income tax classes
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