Intermediate Class Course Material
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Intermediate Class Course Material
These slides and the video capture the key ideas that are covered in the class. These are designed to be self-contained. We strongly recommend that parents and students review these slides/video an…
Mar 31, 2021
Institute of Chartered Accountants of India ICAI Exam
The Institute of Chartered Accountants of India (ICAI) has just dropped a massive proposal for the Finance Ministry! 📉 They are suggesting an Optional Joint Income Tax Filing system for spouses—a move that could save Indian families lakhs in taxes. Currently, if one spouse earns ₹25 Lakhs and the other is a homemaker, the earner pays heavy taxes in the 30% bracket while the other’s basic exemption limit goes to waste. ICAI wants to fix this “Marriage Penalty.” Why is this a Game Changer for Tax
0:11
The Institute of Chartered Accountants of India (ICAI) has just dropped a massive proposal for the Finance Ministry! 📉 They are suggesting an Optional Joint Income Tax Filing system for spouses—a move that could save Indian families lakhs in taxes. Currently, if one spouse earns ₹25 Lakhs and the other is a homemaker, the earner pays heavy taxes in the 30% bracket while the other’s basic exemption limit goes to waste. ICAI wants to fix this “Marriage Penalty.” Why is this a Game Changer for Tax
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