Income tax

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6 Points Posted on 26 November 2020
what is Income tax
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On 26 November 2020 at 21:21 Report
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Income tax is a levy imposed by the central government on the earnings of individuals and businesses within its jurisdiction. Taxpayers are legally required to submit an annual income tax return to calculate their tax liabilities. The current basic exemption limit stands at Rs. 2,50,000.

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574 Points Posted on 26 November 2020
Income tax is a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations.
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On 26 November 2020 at 21:36
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Accountant
3662 Points Posted on 26 November 2020
Income tax is indirect tax. income tax impose by Central Government on individual and businesses

Current Basic Exemption Limit is Rs. 2,50,000
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On 26 November 2020 at 22:27

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