<P> The government imposes a tax on taxable income of all persons who are individuals , Hindu Undivided Families ( HUF 's ) , companies , firms , LLP , association of persons , body of individuals , local authority and any other artificial juridical person . Levy of tax on a person depends upon his residential status . The CBDT administers the Income Tax Department , which is a part of the Department of Revenue under the Ministry of Finance , Govt. of India . Income tax is a key source of funds that the government uses to fund its activities and serve the public . </P>
<P> The government imposes a tax on taxable income of all persons who are individuals , Hindu Undivided Families ( HUF 's ) , companies , firms , LLP , association of persons , body of individuals , local authority and any other artificial juridical person . Levy of tax on a person depends upon his residential status . The CBDT administers the Income Tax Department , which is a part of the Department of Revenue under the Ministry of Finance , Govt. of India . Income tax is a key source of funds that the government uses to fund its activities and serve the public . </P>
who needs to pay income tax in india
who needs to pay income tax in india
individuals , Hindu Undivided Families ( HUF 's ) , companies , firms , LLP , association of persons , body of individuals , local authority and any other artificial juridical person
individuals , Hindu Undivided Families ( HUF 's ) , companies , firms , LLP , association of persons , body of individuals , local authority and any other artificial juridical person