The procedure of tax collection in India has evolved over the years and is now subject to
several acts, rules, and regulations, as laid down by the Indian Income Tax
department.The
tax is imposed on any kind of income of an individual as an employee or a self
employed, or a corporation engaged in commercial activity. The amount of
taxation depends on the type of income and the person or the organization
earning the income. The tax collection in India has to follow several norms
specified under the Income tax act of India.The tax amount also depends on the claims for
rebates and exemptions under the Income tax act of India. The income tax is
levied on all kinds of income and collected by the Central government of India
apart from the income on agriculture which is not taxable under the Central
government.
