ABM-( State Wise) Interview Questions and Answers

Income tax criteria depends on the income earned by an individual or entity.

• Income tax is calculated based on the income earned by an individual or entity.

• The tax rates vary depending on the income bracket.

• Deductions and exemptions can be claimed to reduce the taxable income.

• The income tax criteria may differ from state to state.

• For example, in India, the income tax criteria for individuals is based on their age and income level.