Entities liable for paying income tax include:
- Individuals: Salaried and self-employed individuals.
- Hindu Undivided Families (HUFs).
- Companies: Private and public limited companies.
- Partnerships and LLPs
- AOP and BOI: Association of Persons and Body of Individuals.
- Trusts and Charitable Institutions.
- Foreign Nationals and Non-Residents.
Each category is taxed based on its income, and tax rates and rules vary.
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