Income tax is a dynamic subject. It has to be up-dated every year avoiding to the amendments made by the Finance Act in the Parliament during the month of February every year. In the developing economy like ours, the importance of Income Tax has been acknowledged by all specially, when the revenues are collected for the exclusive welfare of the state. This book is written in a simple language adhering to all the recent amendments made for the Assessment Year 2022-23. The rules are explained along with number of illustrations. This book is helpfull for all the students studying at UG and PG courses.