what is income tax?

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what is income tax?..

Answer / sujay

Income tax is a tax on the income of a person assess of a
assessment year in related to previous year.

Ex previous year - 2007-08
Assessment year - 2008-09

Is This Answer Correct ?    9 Yes 0 No

what is income tax?..

Answer / prannay mehta

The tax whi is levied on our income is called income tax.

Is This Answer Correct ?    4 Yes 0 No

what is income tax?..

Answer / prasanna

annual tax levied by the federal government,most states and
some local govts on an individual or corporations net
profit

Is This Answer Correct ?    4 Yes 0 No

what is income tax?..

Answer / jagat babu sharma (9450123500)

A tax levied on money you earn, either in the form of wages
for individuals, the profits from your business if you're
self-employed or from government benefits such as a state
pension in the previous year, called Income Tax.

Is This Answer Correct ?    3 Yes 0 No

what is income tax?..

Answer / pooja

ncome tax is a tax on the income of a person assess of a
assessment year in related to previous year. Assessment year
- 2008-09

Is This Answer Correct ?    2 Yes 0 No

what is income tax?..

Answer / ayyappa nayar

Government impose slab rates for an assesse based on their
earning capacity.

Is This Answer Correct ?    2 Yes 0 No

what is income tax?..

Answer / arunkumar n

Incidence & Impact will be the sames person it is called as
income or direct tax

Is This Answer Correct ?    1 Yes 0 No

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