As per Income Tax Act, 1961, income tax is charged on the income ofat a rates which are prescribed by the Finance Act of relevant assessmentyear.

Name: As per Income Tax Act, 1961, income tax is charged on the income ofat a rates which are prescribed by the Finance Act of relevant assessmentyear.
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Income tax under the Income Tax Act, 1961, is charged on the income of the previous year at the rates prescribed by the Finance Act of the relevant assessment year.

As Per Income Tax Act, 1961, Income Tax Is Charged