Classification drives tax liability

The Income Tax Act groups taxpayers into individuals, HUFs, firms, companies, AOPs, and BOIs. Each bucket attracts unique slab rates, deduction eligibility, and audit thresholds. Mapping yourself or your entity correctly ensures you leverage the optimal compliance track.

Individual residency rules

Residents are taxed on worldwide income and are further split into ordinary residents, senior citizens (60–80 years), and super seniors (>80 years). Non-residents and RNORs are taxed only on income accrued or received in India, making travel history and stay duration critical for classification.