Question

As per Income Tax Act, 1961, income tax is charged on the income of ______at rates which are prescribed by the Finance Act of relevant assessment year.

Answer 1

Answer:

assessee

Explanation:

in the income tax act 1961 assessee means a person who paid taxes to the government.

income tax is levied upon the income of a particular person and as I said earlier this person is called assess in income tax act 1961