In this video, you’ll learn about income tax, the latest income tax slabs in India, and also, why income tax is important. #incometax #income #wallstreetmojo #tax #personalfinance Chapters: 00:00 – Introduction 00:53 – What is income tax? 01:21 – Example of Income tax. 01:28 – Income tax slab in 2022-23. 01:40 – Why do we pay income tax? 02:46 – Why paying income tax is important? 03:23 – Conclusion As per a report on the India Income Tax website, only 8 cr Indians pay taxes. That makes up for just 6.25% of the total population of 132 cr. (Explained in detail in the video) In contrast, almost 45% of Americans pay taxes. Whether you are working a job or doing some business and earning money, you are generating some income. A part of this income is to be given to the government as income tax. (Explained in detail in the …
