Answer Posted / krishna reddy
Taxare two types 1.Direct Tax 2.Indirect Tax.
Direcet Tax Applicable on direct Income,Direct Tax Slab : 0-
160000 is Nil, 160001 to 500000 is 10%, 500001 to 800000
is 20%, 800001 & above 30%. in case of Female the up to
190000 is nil and incase of Sr.Citizen up to 240000 is nil.
Indriect Tax is not applicable direct income, indirect are
like sales tax, service tax, central excise, octrai etc.
these are indirectly we are paying the tax.
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