Income Tax

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Muthyam (Querist)
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28 June 2008 What Is Income Tax

CA Anand Sarda (Expert)
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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)
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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)
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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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