A High Net worth Individual (HNI) has unique tax requirements and challenges. They are taxed on their income earned from various sources, including salaries, business income, capital gains, and rental income. The income tax rates in India are progressive, meaning that the more an individual earns, the higher their tax rate will be.
The team at Maheshwari & co. has a thorough understanding of the various taxes that apply, including income tax, wealth tax, and capital gains tax. HNIs are subject to complex and ever-changing tax laws, which can be challenging to navigate. We ensure that HNIs are fully compliant with all applicable tax laws and regulations, including filing their tax returns on time and paying the appropriate amount of taxes.