Income Tax

The Income Tax Act 1961 in India regulates taxation and includes provisions like,

• Tax Slabs, to specify income brackets, and corresponding tax rates. 
• Deductions, to allow amounts deducted for investments (80C), insurance premiums (80D), and donations (80G).
• TDS, to deduct tax at the source by payers.
• Capital Gains, to put taxes on profits and the sale of assets, and so on.

Yes, international students will have to pay income tax on their part-time earnings.

The following topic are covered in the Income Tax Law of Taxation paper of CA Inter:

• Salaries
• Income from House Property
• Profits and Gains of Business or Profession
• Capital Gains
• Income from Other Sources
• Income of Other Persons included in Assessee's Total Income
• Aggregation of Income, Set-Off and Carry Forward of Losses
• Deductions from Gross Total Income
• Advance Tax, Tax Deduction at Source and Tax Collection at Source
• Provisions for filing Return of Income and Self Assessment
• Income Tax Liability – Computation and Optimisation
  
  

There are two ways to become an Income Tax officer in India and these are:

• Clear Staff Selection Commission (SSC) Combined Graduate Level (CGL) Exam: It is a government exams that recuit candidates for various positions in government including Income Tax inspector. 
• Another way is clearing Union Public Service Commission (UPSC) Civil Services Examination: Clearing UPSC exam is one of the most challenging way. It is also responsible for recruiting for IRS (Indian Revenue Service).

The acronym TDS represents Tax Deducted at Source. It is a system whereby the payer deducts tax at the time that certain payments, like rent, interest, commission, and salary, are made. On behalf of the payment's recipient, the withheld tax is subsequently deposited with the government. TDS assists with tax collection all year long and guarantees a consistent stream of income for the government.

An income tax officer's duties include:

• Ensuring that people and corporations abide by tax laws and regulations is known as tax compliance.

• Tax assessment: Examining tax returns to ascertain whether income claims and taxes paid are accurate.

• Investigations: Looking for signs of fraud or tax evasion through audits and investigations.

• Enforcement: Taking legal action and imposing fines on those who escape paying taxes.

• Taxpayer help is the provision of support and direction to taxpayers regarding matters about taxes.

Candidates aspiring to pursue the course must possess the desired taxation skills to enhance further skills desirable for career growth. Check the list of taxation skills that a candidate must have before enrolling for the course:

• Ability to explain complex regulations in a way a common man can understand

• Be comfortable with numbers

• Time management; punctuality

• Commercial awareness; dynamic with a situation

• Problem-solving

• Attention to details

For GST and income tax inspectors, the vision requirements are as follows:

Visual Acuity: The unaided visual acuity should be not less than 6/6 in each eye. Corrective spectacles are permitted during the visual test.

Colour Vision: Defects in colour vision are not suitable for the post of Inspector GST in CBIC.

In your case, since your vision can be corrected to a standard, you are eligible for the post