Income Tax

Income Tax

Direct Tax(Income Tax): –

Income Tax is the Tax which is collected by the government directly from the individual or the company on their total income of the single financial year.

(F/Y start from 01/04/Every year to 31/03/every year).

Income tax has 5 heads as following: –

1. Income from Salary

2. Income from House property

3. Income from Business and Profession

4. Income from Capital gain

5. Income from Other Sources.