INTERVIEW QUESTIONS TAX INCOME TAX DETAILS

Question: What is the period for which my income is calculated?

Answer: Income earned during the financial year i.e. from April 1 to March 31 is taken into account while calculating tax. Financial year is known as previous year under Income Tax Act.

Income earned during the financial year i.e. from April 1 to March 31 is taken into account while calculating tax. Financial year is known as previous year under Income Tax Act. Source: CoolInterview.com

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