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This article provides an overview of the tax structure and current tax rates in India. India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies. Tax Structure present in India... Read More

Value Added Tax (VAT) is the indirect tax on the consumption of the goods, paid by its original producers upon the change in goods or upon the transfer of the goods to its ultimate consumers. It is based on the value of the goods, added by the... Read More

What is Road tax? Road tax is a tax to be paid periodically on motor vehicles for using the public roads. Road tax is imposed in India by the central and state government and also by the local bodies. If the vehicle is used in a state which is... Read More

The income tax officer decides to audit businessman John, and summons him to the income tax office.   The officer is not surprised when John shows up with his attorney, Smith.   The officer says, "Well, sir, you have an extravagant... Read More

Yes. The interest on fixed deposit is fully taxable except in case of '5-Year Tax Saving Fixed Deposit' scheme offered by financial institutions where the investment amount gets locked for 60 months and the interest rate is also lower as... Read More

Here is a list of the world's least corrupt countries according to Corruption Perception Index report of 2010. India currently ranks at position 87. Since 1995, Transparency International (TI) publishes the Corruption Perceptions Index (CPI)... Read More

Some fictions says age of a person depends on area of the person where he is born, and on the other hand some myths from science says it depends on the genetics of the person, the breed from where the person is born, but there are some realistic... Read More

Asia is the most populated continent with a population of approximately 4.5 billion people, based on the United Nations estimates. The continent’s population accounts for 59.8% of the total world’s population. Asia has a population... Read More

A comprehensive list of countries, their capital cities, currency and embassy websites in alphabetic order to help increase your General Knowledge. The world comprises 183 sovereign countries and 20 non-sovereign, separately administered... Read More

Here is the list of some famous countries along with their parliament's names. Every country has it's own name for its parliament and it is a very important topic for various competitive exams. So, in this article, we will read about parliament names... Read More