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»How is Income Tax Calculated, Can it be Paid Online? All You Need to Know Ahead of Union Budget 2021 4-MIN READ How is Income Tax Calculated, Can it be Paid Online? All You Need to Know Ahead of Union Budget 2021 Finance Minister Nirmala Sitharaman had announced the new concessional income tax regime last year. As Finance Minister Nirmala Sitharaman delivers her promised budget speech on Monday, which is expected to provide relief to the middle class by way of income tax benefits, we answer all your queries related to income tax. FOLLOW US ON: Every salaried person in India has to pay a certain amount of money in the form of tax to the Income Tax Department of India. As Finance Minister Nirmala Sitharaman delivers her promised budget speech on Monday, which is expected to provide relief to the middle class by way of income tax benefits, we answer all your queries related to income tax slabs, how it’s calculated and what makes Form 16 an important document.

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