Multiple choice

An investor is eligible for which of the following benefits under the Tax Saver Deposit Account scheme?

  1. Sales Tax

  2. Customs Duty

  3. Professional Tax

  4. Income Tax

  5. Corporate Tax

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Income Tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. If anyone opens or invests in the Tax Saver Deposit Account scheme in a bank, then they would be eligible for benefit under income tax.