what is income tax?

0 ⤊

2007-02-02 18:54:58 · 2 answers · asked by PALAKURTHI N 1 in Business & Finance ➔ Taxes ➔ India

2 answers

Income tax is a tax on the income. Insted of explaining you in detail, I am giving you a web link which will give you full information about Indian Income Tax.

http://en.wikipedia.org/wiki/Income_tax_in_India

2007-02-06 01:41:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋

They tax you on the money you make at your job...they do this to pay for the government that you live in.

It's well worth it..IF...they spend the money properly (almost never, but still better than any other country ...The US)

2007-02-03 03:00:07 · answer #2 · answered by fade_this_rally 7 · 0⤊ 0⤋