Question

.) Balance Gross Demanded under incom
Teld assessment during the year is
78,000 During the​

Answer 1

Answer:

Income Tax is a direct tax which is charged on the income of individuals or entities who are required to pay taxes to the government. The tax is calculated on the next taxable income of the entity on the basis of the income slabs which are pre-defined by the IT Department.In the Last year budget 2020, the Finance Minister of India has announced a new regime for income tax. However, the new income tax regime is optional, and individuals can either opt for the new regime or file their taxes as per the old regime.

Explanation:

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