As per the Income-tax Act, 1961, the total tax liability is rounded off:
A. After calculating tax
B. After tax & Surcharge/rebate
C. After tax, Surcharge / rebate & Health & educationcess.
D. After tax, Surcharge/rebate, Health & educationcess, Tax deducted at source & Advance tax.
Answer:C
As per the Income-tax Act, 1961, the total tax liability is rounded off:
A. After calculating tax B. After tax & Surcharge/rebate C. After tax, Surcharge / rebate & Health & educationcess. D. After tax, Surcharge/rebate, Health & educationcess, Tax deducted at source & Advance tax.