Income Tax Return Filing is essential for individuals to maintain their finances. Sometimes taxpayers get confused about how much taxes they have to pay. Income tax slabs determine the percentage of tax that taxpayers have to pay as per their income level. So it is essential for individuals to understand the tax slabs & rates for proper financial planning. In this article we will explain you about the tax slabs in simple manner.

If the total income of a taxpayer exceeds the limits that have been specified by the Income Tax Department, a surcharge has been levied on the amount of the income tax.

It is crucial for effective financial planning to understand the tax slabs & rates of Income Tax Return Filing. You can calculate your tax liability precisely and plan your investments & expenses accordingly with proper understanding of tax slabs & rates. You may consult with a tax professional or financial advisor like Legal Pillers to get the valuable insights & guidance as per your specific financial situation.