USA HISTORY

Detailed explanation-1: -Income between ₹5 and ₹7.5 lakh, reduced to 10% tax from 20% Income between ₹7.5 lakh to ₹10 lakh, reduced to 15% from the current 20% Income between ₹10 lakh to ₹12.5 lakh, reduced to 20% from the current 30% Income between ₹12.5 lakh to ₹15 lakhs, reduced to 25% from the current 30%

Detailed explanation-2: -IVORY COAST. The country with beach resorts, rainforests, and a French-colonial legacy taxes its citizens has a 60% on income tax – the highest in the world.

Detailed explanation-3: -Such gain is charged to tax at 15% (plus surcharge and cess as applicable). In the given case shares were sold after holding them for less than 12 months, shares were sold through a recognised stock exchange and the transaction was liable to STT, hence, the STCG can be termed as STCG covered under section 111A.

Detailed explanation-4: -Is TDS Deducted Every Month from Salary? Yes, TDS on salary is deducted every month. As per Section 192, the employer will deduct TDS on salary at the time of making the payment to the employee. Since the employee gets a salary every month, the employer will make a deduction for TDS on salary every month.