CBSE BOARD X, asked by Anonymous, 2 days ago

What is income tax ?
What's the income tax act ?
Is it good or bad for people? is it good for the country?

What is the total revenue of the nation in 2017 or 2016 earned by income tax?
What proportion is it of the total revenue of the nation?​

Answers

Answered by vedanginikam2103
1

Answer:

Income tax is a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods for citizens

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