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NCERT Adds Personal Income Tax Lessons to Class 9 Textbook

NCERT Adds Personal Income Tax Lessons to Class 9 Textbook
From pocket money to tax slabs: NCERT adds personal income tax to Class 9 textbook · telegraphindia.com

NCERT has added lessons about income tax to a Class 9 textbook.

This means students will learn about taxes before they start working.

The chapter shows how to calculate tax using different income slabs under India’s new tax regime.

It says paying taxes honestly and on time helps the country develop.

The chapter also teaches students how to manage money carefully.

Topics include earning, budgeting, saving, investing, and protecting money from risks.

It gives examples of investments such as fixed deposits, bonds, stocks, and mutual funds.

The book does not discuss the old tax regime.

Key facts

Textbook
Understanding Society India and Beyond-Part 2
Chapter
Managing Your Personal Finances
Tax system taught
The slab-wise calculation method under the new income tax regime
Other topics
Income, budgeting, saving, investing, and protection against risks
Investment examples
Fixed deposits, bonds, stocks, and mutual funds
Old tax regime
Not mentioned in the chapter
Release timing
Released on Tuesday, six months after the new academic session began

Quotes

NCERT Class 9 textbook

The Class 9 NCERT textbook discussing personal financial management.

“Managing money wisely is not just about earning more, it is about making careful financial decisions at every stage, whether it involves spending, saving, investing, protecting against risks, borrowing responsibly or paying taxes. The choices individuals make today shape their financial future and determine their ability to achieve financial stability while managing financial opportunities and challenges.”
telegraphindia.com
“India follows a slab system for calculating income tax as shown in table”
telegraphindia.com

Sources

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