Charge of income-tax
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 4(1) of Income Tax Act 2025
4(1) Income-tax for any tax year shall be charged as per the provisions of this Act at the rate or rates which are enacted by a Central Act for such tax year.
Section 4(2) of Income Tax Act 2025
4(2) The charge of income-tax under sub-section (1) shall be on the total income of the tax year of every person as per the provisions of this Act.
Section 4(3) of Income Tax Act 2025
4(3) Income-tax shall also include any additional income-tax, by whatever name called, levied under this Act.
Section 4(4) of Income Tax Act 2025
4(4) If this Act provides that income-tax is to be charged in respect of income of a period other than the tax year, it shall be charged accordingly.
Section 4(5) of Income Tax Act 2025
4(5) For the income chargeable under sub-section (2), income-tax shall be deducted or collected at source or paid in advance as provided under this Act.