Description

As the financial year drew to a close, the Rotaract Club of Banashankari organized an insightful session titled "Know Your Taxes" for its members. The session, conducted by Rtr. Bhuvan, aimed at educating members on the importance of income tax filing and providing them with the knowledge and tools necessary to file their taxes efficiently and accurately. Rtr. Bhuvan walked the members through the process of income tax filing, covering key aspects such as understanding tax brackets, deductions, exemptions, and the steps involved in filling out tax returns. He also explained the various forms required for filing taxes and how to make use of available online platforms for filing returns. The session emphasized the importance of staying informed and filing taxes on time, especially as the financial year end approached. By providing this practical knowledge, the workshop not only helped members understand the tax filing process but also encouraged them to take responsibility for their financial planning and legal obligations. Impact: The session was well-received, with many members gaining a clearer understanding of income tax filing and its relevance in personal finance. It helped demystify the process and empowered the members with the confidence to file their taxes independently. The initiative also promoted financial literacy within the club, ensuring that the members are better prepared for their financial responsibilities in the future. Overall, the "Know Your Taxes" session was a valuable learning experience, reinforcing the Rotaract Club of Banashankari's commitment to fostering financial literacy and empowering its members with practical knowledge to manage their finances responsibly.