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The rates of Income Tax are specified in

A. Income Tax Act, 1961

B. Income Tax Rules, 1962

C. Finance Act

D. Circulars of CBDT

Correct Answer : C.


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  1. The TDS Certificate issued by an employer to his employees in case of salary income is
  2. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  3. Tax' is imposed on a person by
  4. Assessment year 2006-07 commenced on
  5. A company is considered to be resident if
  6. The Income Tax Act 1961 came into force on
  7. TDS, in case of salary should be deposited within
  8. No interest is available if the amount of refund of income tax paid is less than
  9. If both parents are earning then income of a minor child will be clubbed with
  10. Sec. 234A deals with
  11. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  12. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  13. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  14. According to Section 2(7) of Income Tax Act "Assessee" means
  15. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  16. Contribution to superannuation fund is
  17. Tax on fringe benefit has been introduced from the assessment year
  18. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  19. The rates of income tax are specified in
  20. The CBDT consists of
  21. The aggregate amount of deductions under chapter VI-A can not exceed
  22. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  23. The apex body of Income Tax Department. is
  24. Income Tax Act 1922 is a "milestone" because
  25. Which one of the following taxes is not levied by the State Government?
  26. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  27. Uncommuted pension received by a Government employee is fully exempt from tax.
  28. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  29. The term "Person" includes
  30. PAN is necessary for the following assessees -