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Is There a Purpose for Paying Taxes If Rs 12 Lakh Earners Don't? A Confused Citizen's Inquiry

Vipul

Vipul Bhavsar  |95 Answers  |Ask -

Tax Expert - Answered on Feb 16, 2025

Vipul Bhavsar is a chartered accountant from The Institute of Chartered Accountants of India. He has over 16 years of experience in corporate advisory, taxation and financial reporting.
His interest areas are consulting, income tax, GST and due diligence.
He founded his CA firm, V J Bhavsar and Associates, in 2010 through which he offers services like virtual CFO, trademark registrations, company /LLP formation, MIS reporting, audit, tax and TDS compliances, accounts receivable/payable management and payroll processing.... more
Sunny Question by Sunny on Feb 01, 2025Hindi
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why one will have to pay tax at all if there is no income tax for those earning up to Rs 12 lakh per annum?

Ans: Right, It holds true for FY 2025-26
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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