Introduction: If the income of an individual taxpayer falls below the basic limit for the financial year, no tax is payable in accordance with Section 139(1) of the Income Tax Act.Consequently, they are not required to file an income tax return. Such individuals are exempt from filing returns as they fall outside the taxable bracket. […]
The Role of Tax Planner is to reduce taxable income as much as possible while increasing after-tax profits. You can reduce your taxes via tax planning.