Finance Minister Sitharaman announced that “there will be no income tax payable up to income of Rs 12 lakh under the new ...

Indirect taxes are commonly used and imposed by the government to generate revenue. They are essentially fees that are levied equally upon taxpayers, no matter your income, so rich or poor ...

such as income tax, capital gains tax and inheritance tax. Indirect taxes typically fall into several broad types, including: Sales taxes: applied to the purchase of most goods and services Excise ...