The standard rate of GST applicable on most goods and services in India is 18%.

The tax rate applicable for individuals with an income between Rs. 2.5 lakh to Rs. 5 lakh is 5%.

The tax rate applicable for income above Rs. 10,00,000 is 30% under the old tax regime.

The tax rate applicable to income above Rs. 10 lakh for individual taxpayers in India is 30%.

The tax rate applicable to income above Rs. 10 lakhs for individual taxpayers is 30%.

The tax rate for income above 10 lakhs is 30% for individual taxpayers.

For individual taxpayers, the tax rate for income above Rs. 10,00,000 is 30%.

The tax rate for individuals with an income above Rs. 10 lakh is 30%.

The tax rate for long-term capital gains on listed equity shares in India is 10%.

The tax rate for long-term capital gains on the sale of equity shares in India is 10%.

The threshold limit for GST registration for service providers is Rs. 20 lakhs.

The threshold limit for GST registration for service providers is Rs. 20 lakhs (Rs. 10 lakhs for special category states).

The threshold limit for mandatory GST registration for service providers in India is Rs. 20 lakh.

The threshold limit for tax audit for a business in India is 1 crore for the financial year 2022-23.

The threshold limit for tax audit for a business with a turnover in India is 1 crore.

The threshold limit for tax audit in India for individuals and firms is Rs. 2 crore.

The threshold limit for tax audit under Section 44AB for a business is Rs. 1 crore.

The time limit for claiming input tax credit under GST is within the financial year.

GST returns are generally required to be filed monthly.

ITR-1 is used for filing income tax returns for individuals with income from salary and house property.

ITR-1 is used for filing income tax returns for individuals with income from salary and other sources.

ITR-1 is used for filing income tax returns for individuals with income from salary, house property, and other sources.

Under Section 24(b), a deduction of up to ₹2,00,000 is available for interest on housing loan.

Under Section 24(b), a deduction of up to 2 lakhs is available for interest paid on housing loans.

Deduction for interest paid on housing loans is available under Section 24(b).

Public Provident Fund (PPF) contributions are eligible for deduction under Section 80C.

All of the above deductions are available under Section 80D for health insurance premiums.

Medical insurance premium is eligible for deduction under Section 80D.

Agricultural income is exempt from tax under Section 10.

One of the benefits of GST for businesses is the reduction in tax cascading, leading to lower overall tax burden.