GK
TAXES IN INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Income tax is rounded off to:
|
|
Nearest ten rupees
|
|
|
Nearest one rupee
|
|
|
No rounding off of tax is done
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -Income tax is rounded off to Nearest ten rupees.
Detailed explanation-2: -TDS amount calculated is rounded off incorrectly. TDS amount should be rounded correctly as per the rounding setup defined. Set the Tax amount rounding factor Nearest rupee 1.
There is 1 question to complete.