Characteristics of income Tax It is a direct tax.
{"Image DocumentName": "Definition of Income Tax", "Image ImageDescription": "Income Tax is a direct and single tax charged on the income of any person for a relevant income year in relevant assessment year. That means, in order to generate revenues, Government imposes tax on various areas. Of them Income Tax is the tax which is levied on the taxable income of a person or entity as per the provisions of the income Tax Ordinance, 1984.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}