Surcharge is levied at the rate …………….if the income exceeds ` 1 crore of the financial year 2016-17.

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 Income tax rate for the financial year 2016-17 for individual is…………..
• Income Tax is levied on the ___________ of a person.
• 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 .
• Previous year means the financial year immediately preceding the .
• Income tax is collected on all types of income except .
• As per the definition of Income, the income includes the following .
• 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.