Income Tax
This query is : Resolved
CA Anand Sarda
(Expert)
28 June 2008
when u earn the income, then u need to pay tax to the government. this tax is called as income tax.
CA Rajesh S
(Expert)
30 June 2008
As the name itself suggests it is the taxwhich a person earning an income has to pay to the government.
Jaina Shah
(Expert)
01 July 2008
Income Tax is the Tax that has to be paid by the Assessee if his/her annual income goes above the certain Limits fixed by the government
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