Explanations in Tamil to know about income tax
Explanations to know about income tax year
To understand how to go about computing your tax liability, you need to begin
by calculating your total income. You then need to account for any deductions
or tax-saving investments you may have. Then, identify the income tax slab
that applies to you to arrive at your tax liability. Here’s a closer look at
the details of this step-by-step process.
With these simple steps, you can perform the income tax calculation for the
assessment year 2020-21. It’s important to pay your taxes and file your IT
returns on time, so you can avoid facing penalties and additional interest
charges.
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