What is the mean by Tax? under IT Act?

Querist : Anonymous (Querist) 04 March 2011 This query is : Resolved
What is the mean by Tax? under IT Act?

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soumitra basu (Expert) 05 March 2011
Tax means a sum of money which shall be payable by a income earner if his total income is beyond the specified limit.

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What is the mean by Tax? under IT Act?

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