tax paid on income within in a given finacial year.........got it now.....its an tax on ur annual income Sir. Simple...its part of ur income which is paid to govt so that they can run the country its various source govt. collect the money. as according to income tax act 1961 collects tax..whatever u will earn u r required to pay income tax subject act and rules...sir tax on income which u earn
Posted in
Delhi by
harish
at
4:17 PM on March 07, 2008