Income Tax Slabs
Income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab.
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Taxation of Mutual Funds
Investing in mutual funds generates capital gains which can be taxed. The amount of tax to be paid on capital gains depends on the time for which you stay invested in them. Many mutual funds bundle most of their payouts into single, net distributions at the end of each year.
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Understanding CIBIL
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