As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.

As per Income Tax Act, 1961, income tax is charged on the income of at

1.	As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
A.	Current year
B.	One year before previous year
C.	Previous year
D.	None of the above
Answer» D. None of the above