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Tax system and its Structure in India
We always wonder how india has such a strong economy even after so many recessions. Because Tax
Structure present in India is very strong and it follows the financial year. The taxation is applicable for any
kind of income pertaining to any person working as an employee any where in India at any level.

Different types of taxes levied under tax structure in India:

        Direct Taxes
        Personal Income Tax
        Tax on Corporate Income
        Tax Incentives
        Securities Transaction Tax
        Service Tax
        Excise Duty
        Customs Duty
        Capital Gains Tax
        Indirect Taxes
        Sales Tax or Value Added Tax

Different heads of income under tax structure in India:

        Salary
        House property
        Profit in business or profession
        Capital gains by sale of immovable assets etc
        Other sources

The different types of exemption schemes under tax structure in India:

        Exemption on income spent for higher educational purpose
        Exemption on income spent on the treatment of a diseased person if he/she is dependent
        Exemption on income that is spent as contribution towards provident fund, insurance policies, etc
        Exemption on the income that is spent on buying national savings certificates as well as
        investments in other government based savings schemes
        Exemption on income of a disabled person
        Exemption on income spent for payment of interest on loan

There are many Taxation Jobs that any person with accounts background can go for. Normally Taxation
Jobs In India are for people who specialise in TAX.

Taxes Levied by the Central Government of India

The Central Indian Government that is officially named as the "Union Government" is responsible for the
imposition of both direct taxes as well indirect taxes. Listed below are some of the taxes that are levied
by the India Government:

Fresher Jobs in India, Jobs in India
Tax system and its structure in india

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Tax system and its structure in india

  • 1. Tax system and its Structure in India We always wonder how india has such a strong economy even after so many recessions. Because Tax Structure present in India is very strong and it follows the financial year. The taxation is applicable for any kind of income pertaining to any person working as an employee any where in India at any level. Different types of taxes levied under tax structure in India: Direct Taxes Personal Income Tax Tax on Corporate Income Tax Incentives Securities Transaction Tax Service Tax Excise Duty Customs Duty Capital Gains Tax Indirect Taxes Sales Tax or Value Added Tax Different heads of income under tax structure in India: Salary House property Profit in business or profession Capital gains by sale of immovable assets etc Other sources The different types of exemption schemes under tax structure in India: Exemption on income spent for higher educational purpose Exemption on income spent on the treatment of a diseased person if he/she is dependent Exemption on income that is spent as contribution towards provident fund, insurance policies, etc Exemption on the income that is spent on buying national savings certificates as well as investments in other government based savings schemes Exemption on income of a disabled person Exemption on income spent for payment of interest on loan There are many Taxation Jobs that any person with accounts background can go for. Normally Taxation Jobs In India are for people who specialise in TAX. Taxes Levied by the Central Government of India The Central Indian Government that is officially named as the "Union Government" is responsible for the imposition of both direct taxes as well indirect taxes. Listed below are some of the taxes that are levied by the India Government: Fresher Jobs in India, Jobs in India