Income tax is levied on the income earned by the taxpayer in the relevant financial year. Income tax is a financial and legal obligation in India. All individuals earning above a certain amount are required to pay income tax on their earned income. The income tax rates, income slabs, and rules are regulated by the government and are subject to change from time to time. However, all ta... https://www.corpzo.com/decoding-the-latest-amendments-to-the-income-tax-act-1961-what-you-need-to-know-for-fy-202526