Income tax is levied on the basis of a slab system. This means, different tax rates are prescribed for different ranges of income
source https://www.ndtv.com/business/deadline-for-filing-returns-approaching-read-how-to-file-income-tax-returns-here-3090250
source https://www.ndtv.com/business/deadline-for-filing-returns-approaching-read-how-to-file-income-tax-returns-here-3090250
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