Paying your income taxes each year.

USA CITIZENSHIP TEST

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Duty
B	Responsibility
C	Either A or B
D	None of the above

Explanation:

Detailed explanation-1: -As per the Direct taxation laws; income and other kinds of taxes are a legal obligation for an Indian citizen as he uses public services, receives social and political security from the state etc. Q. Who pays tax to the Government of India?

Detailed explanation-2: -Any Indian person under the age of 60 who earns more than Rs 2.5 lakh is required to pay income tax.

Detailed explanation-3: -Who Should Pay Income Tax? It is mandatory to file ITR for individuals If the gross total income is over Rs.3, 00, 000 in a financial year. This limit exceeds Rs.3, 00, 000 for senior citizens and Rs.5, 00, 000 for super senior citizens. The entities listed below are required to pay tax and file their income tax returns.

Detailed explanation-4: -Taxes* are important sources of revenue for the government. Hence, as responsible citizens, we must ensure that we pay our taxes* on time. Taxes* allow the government to run and manage the country efficiently.

There is 1 question to complete.