INCOME TAX BASICS

INCOME TAX is a

• Direct Tax

• Indirect Tax

• Corporation Tax

• Death Tax

Find out the RELEVANT PREVIOUS YEAR

• 2021-2022

• 2022-2023

• 2022

• 2023

Securities Transactions Tax is an example of

• G S T

• Indirect Tax

• Direct Tax

• Customs Duty

Heads of Income are ______ in number

Basis CANONS of TAXATION are given by

• Steve Smith

• Mark Smith

• Gold Smith

• Adam Smith

The Due date for filing of return is

• 31st JULY

• 30th JUNE

• 31st MARCH

• 30th APRIL

Cantonment Board is a

• Firm

• Company

• Local Authority

• Artificial Juridical Person

Under old regime, if the income is less than ________ for an individual (59 Yrs), then he need not pay any tax.

• 2,25,000

• 2,50,000

• 3,00,000

• 5,00,000

Health & Education Cess is _____%

Under old regime REBATE of Rs.12,500 or Less shall be applicable if the TAXABLE INCOME is less than

• 3,00,000

• 5,00,000

• 2,50,000

• 7,50,000