USA CITIZENSHIP TEST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Register and Vote
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Hold Elective Office
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Keep Informed
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Pay Taxes
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Detailed explanation-1: -Tax returns should be filed by an individual who has a taxable income. If you are below 60 years of age and have an income up to Rs. 2.5 lakh, you are exempted from paying income tax.
Detailed explanation-2: -10. Those having taxable income : Those having taxable income should certainly declare the income, pay income tax and furnish the Income tax return within prescribed time. The default or delay in fulfilling one’s obligation may result in levy of interest and penalty.
Detailed explanation-3: -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.
Detailed explanation-4: -Everyone who earns any kind of income is liable to pay income tax. For individuals below 60 years of age, the tax exemption limit is Rs.2.5 lakh per annum. For individuals between the age of 60 and 80, the tax exemption limit is Rs.3 lakh. For individuals above the age of 80, the tax exemption limit is Rs.5 lakh.