2 Replies
ATUL Y
(574 Points)
Replied 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.
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 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
Current Basic Exemption Limit is Rs. 2,50,000
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