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Here's part 2 of the Income Tax basics. In this video, you will understand the concept of exemptions, deductions and rebate. You will also be able to calculate income tax after watching both our videos. Let us know if you want more such videos on topics like capital gains tax, income tax act in general.
Income tax calculator portal: www.incometaxi...
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Chapters:
01:36 What is Gross Total Income?
01:54 What is Exempted Income?
02:50 What is Taxable Income?
03:20 What are Deductions?
04:55 What is Net Taxable Income?
06:10 What is a Rebate?
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