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The tax levied by the union government on income of individuals is known as
  • a)
    Personal income tax
  • b)
    Interest tax
  • c)
    Wealth tax
  • d)
    Corporation tax
Correct answer is option 'A'. Can you explain this answer?
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The tax levied by the union government on income of individuals is kno...
It is based on the principle of ability to pay. The tax levied by the union government on income of individuals is known as income tax.
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Read the information given below carefully and answer the following question.Cyber Security or Information technology security means protecting data, networks, programs and other information from unauthorized or unintended access, destruction or change. It encompasses all the mechanisms and processes that protect digital equipment, information and records from illegal or unintended access, manipulation or destruction. In today’s dynamic environment, cyber security has become vital for individuals and families, as well as organizations (such as military, government, business houses, educational and financial institutions, corporations and others) that collect and store a wide range of confidential data on computers and transmit that to other computers across different networks. For families, protection of children and family members from cybercrime has become substantially important. For an individual, protecting information that could impact social life as well as personal finance is essential. The internet has provided a wide array of learning opportunities, but there are risks too. Photos, videos and other personal information shared by an individual on social networking sites such as Facebook, Twitter can be inappropriately used by others may lead to serious and even lifethreatening incidents. Social networking sites have become the most popular medium for sharing information and connecting with other people. But these sites have created varied opportunities forcybercrimes, compromised personal identities and information leakage. Therefore, it is important for individuals to understand how to protect against cyber threats, and must also comprehend the difference between virtual and real world. One should learn how to protect computers and personal information from being hacked and should engage in appropriate online behaviour in order to eliminate changes of cyber threats and thereby creating a safer online environment.Q.According to the author what does the cyber security means?

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The tax levied by the union government on income of individuals is known asa)Personal income taxb)Interest taxc)Wealth taxd)Corporation taxCorrect answer is option 'A'. Can you explain this answer?
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