Taxation

A Tax which directly paid to the goverment is known as _________

• Direct tax

• Indirect tax

• Perquisite tax

• Excise duty

Goods and Services tax are the example of________

• GST

• Direct Tax

• Indirect tax

• IT

How many heads of income will come under calculation of total income?

• 6

• 2

• 4

• 5

If the income is below 1,00,000, or 1,00,000 the tax rate is_________

• 30%

• NIL

• 20%

• 10%

Assessment year is a __________

• Year which income is earned

• Year which tax rate increase

• Year which tax is paid

• Year which tax rate declined