1. Basics of Income Tax for Beginners
Are you just out of college and looking for a job? Or have you already landed the job and are going to file your income tax returns for the first time? If nitty-gritty of income tax and investments confuse you, ClearTax is here to help. Our aim at ClearTax is to simplify Income Taxes for you and make your financial lives easier. Basically, anybody with an income is liable to file income tax returns. Today we bring to you the basics of Income Tax you’ll need to equip yourself with and this should help you take a confident first step into your job.
Frequently Asked Questions
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Aditya is a 25-year-old software engineer living in Mumbai. He spends his free time enjoying his new financial freedom. This is his first job and he has no knowledge of taxes or savings. But it was almost the end of January and Aditya overheard his friends talking about Section 80C and how they were paying taxes on Section 80C. Aditya earns Rs 6,60,000 a year. Here are the details of his salary.
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