Derrick Shelby Jersey  Income Tax | Mahajan Consultancy Services

Income Tax

Income Tax act, 1961

Income Tax is a Direct Tax which is levieble on the income of the assessee. If the total Income of the assessee does not exceed maximum exemption limit, then he/she is not under the compulsion to file the return of income. Mainly the act provides that the Income is Taxable under the following heads: