The Income tax rate for the financial year 2016-17 for individual is…………..

Related MCQs

• As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year.
• The rate of tax for the financial year 2016-17 for the foreign companies is
• Income tax rate for the senior citizens for year 2016-17 is .
• Surcharge is levied at the rate …………….if the income exceeds ` 1 crore of the financial year 2016-17.
• For computation for Income tax liability for individual, the Education Cess is
• Tax Liability for the individual for 2016-17 who is not the resident of the India whose income ` 2,50,000 to ` 5,00,000 is……………….
• Income tax is collected on all types of income except .
• If the agricultural income is ……….. then the agricultural income is considered for calculating tax.
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The following is exempt income from Income Tax:.