income tax
/ˈɪnkʌm tæks/noun
उच्चारण इन्कम टैक्स
आयकर
Core word
noun
- 1
[U, C]
the tax that people and companies pay to the government on the money they earn
आयकर
- She files her income tax return every July.
- The budget reduced income tax for the middle class.
- Employees often receive their income tax certificate in April.
+ 3 more examples
- He pays income tax on his earnings from tuition.
- The last date to file an income tax return is usually in July.
- People earning below a certain limit do not pay income tax.
§Grammar and usage
Usage: income tax is a direct tax, because the person who earns the income pays it directly to the government.
Usage में income tax एक direct tax है, क्योंकि आय कमाने वाला व्यक्ति इसे सीधे सरकार को चुकाता है।
✓In the exam
General knowledge
Income tax was first introduced in India in 1860 by James Wilson.
भारत में आयकर पहली बार 1860 में James Wilson ने लागू किया।
Income Tax Day is observed in India on 24 July.
भारत में Income Tax Day 24 जुलाई को मनाया जाता है।