IT Full Form | Full Form of IT

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Information Technology

IT stands for Information Technology in context of computers.
Information Technology uses computers and software to manage information.
Information Technology deals with electronic computers and computer software to store, process, convert, protect, transmit and retrieve information securely.
In a company, it includes all physical hardware, operating systems, databases, storage and servers etc.
It doesn't ask your personal computer or home computing and networking.
The department of data Technology has some important fields. Following may be a list of some fields:

IT is a growing field that gives various job opportunities for those with technical skills, knowledge and a bachelor's degree in an IT-related field. A number of the favored career options or designations within the IT sector are as follows:

ii) IT Full Form - Income Tax

Income Tax

IT stands for Income Tax.
In simple words, it's a tax on the Income, a compulsory payment made to the government.
Income Tax may be a progressive phenomena used by most of the countries to collect some a part of the individual income.
Higher income earners pay a better rate as compared to lower income earners, i.e., it varies with the respective taxable income or profits of an individual or entity.
Central and State Governments take the income taxes from individuals, companies, firms, property etc. to run the country well.
It’s a serious source of funds for the government to fund its activities, programmes and serve the general public.
Government sets a selected amount of income and everybody whose income exceeds the most amounts should be chargeable to the income tax at the speed prescribed under the finance act.