Tax
Income Tax Kya Hai? — Matlab, Definition & Example
Definition
Income Tax wo direct tax hai jo Government of India individual aur corporate income pe lagaati hai. India mein do regimes hain — Old (80C, HRA wali deductions) aur New (lower rates, kam deductions).
💡 Real Example
Under the New Tax Regime 2026, income up to ₹12 lakh is effectively tax-free (with standard deduction), while income above ₹24 lakh is taxed at 30%.
🇬🇧 English Mein (Income Tax)
Income Tax is a direct tax levied by the Government of India on individual and corporate income. India has two tax regimes — Old Regime (with deductions under 80C, 80D, HRA etc.) and New Regime (lower rates, fewer deductions). The tax year runs from April 1 to March 31.
❓ Common Questions
Income Tax kya hai simple words mein?
Income Tax wo direct tax hai jo Government of India individual aur corporate income pe lagaati hai. India mein do regimes hain — Old (80C, HRA wali deductions) aur New (lower rates, kam deductions).
Income Tax ka ek example do?
Under the New Tax Regime 2026, income up to ₹12 lakh is effectively tax-free (with standard deduction), while income above ₹24 lakh is taxed at 30%.
Income Tax ko English mein kya kehte hain?
English mein ise Income Tax kehte hain. Income Tax is a direct tax levied by the Government of India on individual and corporate income. India has two tax regimes — Old Regime (with deductions under 80C, 80D, HRA etc.) and New Regime (lower