Accountancy, asked by MSAlam1, 1 year ago

what is the income tax???

Answers

Answered by Vickypanjiyar
5
Income tax is a type of tax which u have to paid according to your income.
Theae may varies with the earning.

kmounisha: tax levied directly on personal income
MSAlam1: thanx
Answered by Vivek1009
6
Income tax is the type of tax that we pay to the government. We pay income tax to government according to our income that we earn. like this :-

income above 2,50,000 = 10%
income above 5,00,000 = 20%
income above 10,00,000 = 30%
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