IT: Information Technology

Full form of IT is Information Technology.

The term is called in the context of computers. There are computers and software are used by Information Technology to manage information.  The electronic computers and computer software are used to protect, convert, transmit and receive information and store the data securely.

It includes all the databases, operating systems, physical hardware, servers and storage etc. in organizations. Personal computers or personal networks are not covered in this category.

Some important fields of Information Technology are as following;

  • Web development
  • Database design
  • Software design
  • Data management
  • Networking
  • Web design
  • Information security

Job Opportunities for IT

Information Technology is the growing field which offers various job opportunities to those who have technical knowledge and skills required for it and have a bachelor’s degree in IT related field.

Some of the positions or career chances in IT field are as following:

  • Computer Programmer
  • Computer scientists
  • Network Engineers
  • Software Developer
  • Database Administrator
  • Network Administrator

IT: Income Tax

The another full form of IT is Income Tax.

It is a tax on your Income in simple words, which is mandatorily pay by the person to the government of any country. Income tax is a phenomena by which the small part of income is collected by the government from a person. The person pays the higher tax who has the higher income and pays low tax who has low income.

The income taxes collected by both the state and central government from individuals, companies, industries, firms etc. The state and central government use this fund to develop public properties, programmes, etc.

The government has decided some criteria for specific amount to pay to whom. If the income of individuals exceeds the pre decided amount then one should be pay the taxes at the rate prescribed under the finance Act.

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