Income Tax slabs don’t change every day, but your understanding must be crystal clear. Here’s a one-page handwritten summary of Income Tax Rates for FY 2025-26 (AY 2026-27) covering: ✔ New Tax Regime (115BAC) – default regime ✔ Old Tax Regime slabs for Individual, Senior & Super Senior Citizens ✔ Surcharge rates up to 37% with important caps ✔ Marginal Relief explained simply ✔ Health & Education Cess @ 4% Perfect for CA, CS, CMA, B.Com, MBA & commerce students who want fast revision without con

📢 What is Professional Tax? Who has to pay it? 🤔💰 Did you know that Professional Tax (PT) is levied by state governments on salaried employees, freelancers, and business owners? 🏦 But not all states impose this tax! ✅ Who Pays Professional Tax? 🔹 Salaried employees (Deducted by employers) 🔹 Self-employed professionals (CA, doctors, lawyers, etc.) 🔹 Businesses and traders ⚡ Key Highlights: 👉 Maximum PT payable: ₹2,500 per year 👉 Different rates in different states 👉 Some states (like De

Have you paid your PROFESSIONAL TAX RECEIPT (PTR)? Here are some Q & A on how to file/pay your PTR? WHO files/pays for a PTR? ALL professionals such as doctors, lawyers, real estate brokers, insurance agents, accountants, etc. WHERE to file for PTR? At your respective local government unit or city hall. HOW MUCH is PTR? It will not exceed Php 300 as per “Local Government Code of the Philippines- Section 139). WHAT are the requirements for filing PTR? 1) Valid government ID (preferably your PRC I