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Home » MBA Interview Questions » MBA - Insurance Management Interview Questions » what is assessment year and previous year ?

what is assessment year and previous year ?

Expert Suggestions on Preparation for Computer Based CAT-09


what is assessment year and previous year ?

Assessment year the year in which year your Total Income is assessed, e. g. If you are earning 750000/- in 2007-2008 (1 st April 2007 - 31st March 2008), then this Income will assessed (Calculated) in the Financial year 2008 - 2009.It means that Assessment year is 2008 - 2009, and Last year is 2007 - 2008.


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