1. What is the tax rate used to compute the income tax liability of an individual?

2. Which of the following is liable for service tax?

3. How do you reduce your tax liability?

4. Which of the following income is exempt from Income tax?

5. Wealth tax is applicable for anyone who has assets greater than

Taxes and you: plan your taxes well and pay smart

fundamental ideas about taxation.

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  • Level - 6,3,8,6 BASIC

The simple principles based on which we pay our taxes, are easy to understand. View this video to learn a few fundamental ideas about taxation. Part 1 of 2.

AUTHOR(s):Uma Shashikant

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financial planning

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Nice informative video. Thanks.