Income Tax : Tax Exemption
The direct tax which is paid by individual to the Central Government of India is known as Income Tax. It is imposed on our income and plays a vital role in the economic growth & stability of our country. For years the Government is generating revenue through this tax system.
The word 'Tax' originated from the 'Taxation.' which mean 'Estimate.' Hence, 'Income Tax' mean 'Income Estimate,' which helps the government to know the actual economic strength of a person. It is also a way to set up an economic standard for general people. It helps the Government to know the distribution of money among country's people.
Income Tax guide is an information resource on Income Tax in India. Get valuable information on Income Tax and related issues under a one stop information destination titled 'Income Tax Guide'. View answers to important information related to Income Tax matters. Right from the definition of Income Tax to the complex methods related to its computation. Also available is information related to the various Income Tax offices in India, Income Tax Rates, Income Tax important dates, Tax Exemption procedure, etc. which will all help in understanding the various aspects related to Income Tax in India.
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