Income Tax Essentials Quiz

Income refers to the money or financial gain received by an individual or business from various sources such as employment, investments, or business operations.

Agricultural Income is the income generated from agricultural land and buildings, including income from farming, sale of produce, and agricultural-related activities. In many countries, agricultural income may be exempt from income tax or subject to special tax treatment.

Tax deducted at Source (TDS) is a system of tax collection where a person or entity making a payment deducts tax at a certain percentage before making the payment to the recipient. The deducted tax is then deposited to the government.