who needs to pay income tax in india
Income tax in India The government imposes a tax on taxable income of all persons who are individuals, Hindu Undivided Families (HUF's), companies, firms, LLP, association of persons, body of individuals, local authority and any other artificial juridical person. Levy of tax on a person depends upon his residential status. The CBDT administers the Income Tax Department, which is a part of the Department of Revenue under the Ministry of Finance, Govt. of India. Income tax is a key source of funds that the government uses to fund its activities and serve the public.
Ryotwari The Ryotwari system was introduced by Sir Thomas Munro and Captain Alexander Read in 1820.This system was in operation for nearly 30 years and had many features of revenue system of the Mughals. It was instituted in some parts of British India, one of the two main systems used to collect revenues from the cultivators of agricultural land. These revenues included undifferentiated land taxes and rents, collected simultaneously. Where the land revenue was imposed directly on the ryots (the individual cultivators who actually worked the land) the system of assessment was known as Ryotwari. Where the land revenue was imposed indirectlyâ€”through agreements made with Zamindars -- the system of assessment was known as zamindari. In Bombay, Madras, Assam and Burma the Zamindar usually did not have a position as a middleman between the government and the farmer.