Taxes fund public services. GST (indirect) is added to purchases. Income tax (direct) is on earnings.
Income is taxed in slabs, each at its own rate. Add them up. India has two regimes and rules change, so check official sources.
TDS is tax deducted at source. PAN identifies you for tax. An ITR reports your income and can bring a refund. Keep records and use official portals.
What you'll learn
Lesson 9.1
Why Taxes Exist
Mohan buys a ₹100 notebook. The bill says ₹105. Where did the extra ₹5 go?
You'll learn: The main kinds of taxes.
Paying Together: Taxes fund public services.
Tax on Things You Buy: GST is added to many purchases and passed on by shops.
Tax on Income: Income tax is on earnings, GST on purchases.
Lesson 9.2
Income Tax Slabs
Does earning one more rupee ever make you pay MORE tax on ALL your money? Many people think so. Let's check.
You'll learn: How tax slabs work.
Slabs: Each slab is taxed at its own rate.
Adding Up: Add the tax from each slab. Your overall share is lower than the top rate.
Real Rules: Two regimes exist. Rules change, so check official sources.
Lesson 9.3
TDS, PAN and Filing
Aisha's salary slip shows 'TDS ₹3,000'. She never paid it! Or did she?
You'll learn: The basic tax words and habits.
Tax at the Source: TDS is tax deducted before you are paid.
PAN and Return: PAN identifies you for tax. An ITR reports income and can bring a refund.
Good Habits: Keep records and use official sources only.
Final challenge
Tax Smart
Mohan and Aisha learned how taxes work. 10 quick questions!
Try a question
From lesson 9.1: Why Taxes Exist
What are taxes?
Gifts to shops
Money paid to the government to fund public services
Bank fees
Show the answer
Money paid to the government to fund public services. Taxes fund shared services.
Learn it the Yukti way
Every lesson is a short story told in scenes, with a quick question after each idea and a review at the end. Wrong answers come with a clear explanation, and Practice brings them back until they stick. Examples use Indian rupees and Indian rules, and show in your own currency in the app.
Yukti is for education only, not financial advice. It teaches general ideas and doesn't recommend specific products. Spot a mistake? Email support@yukti.finance and we'll fix it.
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