Taxes are an essential aspect of financial life in India, affecting individuals, businesses, and investors. Gaining clarity on the types of taxes in India empowers you to plan efficiently, reduce liabilities, and avoid cash flow challenges.
At Riverview Finserve, we provide tailored financial solutions to help you handle tax obligations smoothly without disrupting your savings or operations.
Understanding the Types of Taxes in India
India’s tax system is broadly classified into two main categories: direct and indirect taxes. Each type has unique implications for individuals, companies, and investors. Below is a breakdown to help you navigate them efficiently.
1. Direct Taxes (Paid Directly to the Government)
a) Income Tax
- Applies to: Salaried individuals, freelancers, and businesses
- Key Slabs:
- 5% (₹3–6 lakhs)
- 20% (₹6–9 lakhs)
- 30% (above ₹9 lakhs)
How Riverview Finserve Helps:
- Personal loans to cover high tax dues when savings are insufficient
- Tax-optimized investment strategies to minimize liabilities
b) Corporate Tax
- Applies to: Domestic companies (typically 25–30%)
How Riverview Finserve Helps:
- Working capital loans to pay corporate taxes without affecting operations
- Bridge financing for meeting urgent or unexpected tax demands
c) Capital Gains Tax
- Applies to: Profits from the sale of assets like property, shares, or mutual funds
- Short-term (STCG): 15–30%
- Long-term (LTCG): 10–20%
How Riverview Finserve Helps:
- Liquidity loans to settle capital gains taxes without selling key assets prematurely
2. Indirect Taxes (Collected via Intermediaries)
a) GST (Goods and Services Tax)
- Applies to: Businesses with annual turnover above ₹40 lakhs (₹20 lakhs for service providers)
- Rates: 5%, 12%, 18%, and 28%
How Riverview Finserve Helps:
- GST financing loans to manage regular payment cycles
- Invoice discounting solutions to improve working capital
b) Customs Duty
- Applies to: Importers and exporters handling cross-border trade
How Riverview Finserve Helps:
- Trade finance options to cover customs duty and maintain operational efficiency
Why Understanding the Types of Taxes in India Matters
Knowing which taxes apply to you can make a big difference in financial planning. With Riverview Finserve, you gain access to reliable funding, expert tax advice, and tools that ease the burden of timely payments.
Why Choose Riverview Finserve for Tax Financing?
- Lower interest rates compared to tax penalties, helping you save up to 24% annually
- Faster loan processing with funds available within 24 to 48 hours
- Flexible repayment terms that align with your business or personal cash flow
- Access to expert tax advisors for smart and lawful tax planning
Smart Tax Planning with Riverview Finserve
Rather than depleting your savings or missing deadlines, use Riverview Finserve’s innovative financial products to stay ahead:
- Pre-approved credit lines designed for recurring tax liabilities
- Collateral-free business loans for urgent tax payments
- Investment-linked financing options that allow you to preserve your long-term assets
Ready to Manage the Types of Taxes in India More Effectively?
If you are facing tax burdens or preparing for the upcoming financial year, Riverview Finserve is here with personalized tax financing solutions that match your unique financial needs.
