Your Income Tax Slab determines the income tax rate at which you will be taxed in India. The income tax department has issued various slab rates for different categories of persons to maintain consistency and uniformity.
Your Income Tax Slab depends on the various factors-
• Your Status – An Individual, a HUF, a company, a firm, an AOP/BOI, local authority
• Your quantum of Income & its Nature
• Your Age (more…)