Income tax is a tax charged charged on Income earned during the year


Name of the Law

 Income Tax Act, 1961


Under Which Government

 Central Govt.

 Hence same tax applies to whole of India


Is Income Tax Direct Tax or Indirect Tax?

Income tax is a direct tax as person pays tax from own pocket

What are Direct tax and Indirect tax - Current and Deferred Tax Computation

  1. Taxation for CA, CS, CMA Exams May - June 2019
  2. Income Tax

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.