Income tax is an amount charged on the income of all residents of India. The Income Tax Act lays the responsibility of paying the tax on the earning individuals or corporate.
Income Tax Act has also laid down provisions for deduction of tax at source by the person paying the income (hereinafter referred to as the deductor) to the tax payer (herein after referred to as the deductee). The Income Tax Department holds the deductor responsible for the deduction of tax at source as per the rates as prescribed under section 192 to 194 of the Income Tax Act.