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Complied AI Back to law library Reading nowIncome-tax Act, 202523 chapters · 536 sections

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Section 4: Charge of income-tax · Complied AI

Chapter 2
Section 4

Section 4Chapter 2

Charge of income-tax

(1)

Where any Central Act enacts that income-tax shall be charged for any tax year at any rate or rates, income-tax for such tax year shall be charged at that rate or those rates in accordance with and subject to the provisions of this Act.

(2)

The charge of income-tax under sub-section (1) shall be on the total income of the tax year of every person as per the provisions of this Act.

(3)

Income-tax shall also include any additional income-tax, by whatever name called, levied under this Act.

(4)

If this Act provides that income-tax is to be charged in respect of income of a period other than the tax year, it shall be charged accordingly.

(5)

For the income chargeable under this section, income-tax shall be deducted or collected at source or paid in advance as provided under this Act.

Section 3 Section 4 Section 5