The CII or the Cost Inflation Indexation is a way to measure the inflation and it is further used for computing long-term capital gains earned by selling the assets. The CII also takes the CPI or the Consumer Price Index into consideration for a specific financial year for the urban employees. Hence, indexing helps in reflecting the asset’s real value in accordance with the existing market prices.

Central KYC is a centralized repository system that stores customer identity and address details, simplifying the KYC process for customers and promoting efficiency for financial institutions. Benefits include time and cost savings for customers, as they don't need to submit KYC documents repeatedly, and uniformity in KYC norms for easier access to financial services.

Marginal tax rate is the rate of tax that applies to the last rupee of income you earn. It helps the government collect tax based on how much a person earns. In India, the income tax system uses a progressive structure. This means that higher income gets taxed at higher rates.

One of the most commonly used measurements by economists and policymakers when assessing the economic health of an area is per capita income. To simply define per capita income: it's the average income of the people residing in a particular geographic area, like a city, state, or nation.

In recent years, freelancing has transitioned from a part-time pursuit to a full-time career for many in India. Whether as writers, designers, developers, or influencers, a growing number of people are participating in the gig economy.

You may receive interest on the balance in your savings account. While this interest counts as income, it is also subject to tax. However, under India’s Income Tax Act, Section 80TTA allows individuals to claim a deduction on this interest income, helping reduce their overall tax liability.