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Income Tax


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Scorecard | Mon 24 Apr


Current

West Indies vs Pakistan Test

Sabina Park, Kingston, Jamaica ,4/21/2017, 20:30 (IST)


recent

Rising Pune Supergiant vs Sunrisers Hyderabad T20

Maharashtra Cricket Association Stadium, Pune ,4/22/2017, 16:00 (IST)

Rising Pune Supergiant beat Sunrisers Hyderabad by 6 wickets

Mumbai Indians vs Delhi Daredevils T20

Wankhede Stadium, Mumbai ,4/22/2017, 20:00 (IST)

Mumbai Indians beat Delhi Daredevils by 14 runs

Gujarat Lions vs Kings XI Punjab T20

Saurashtra Cricket Association Stadium, Rajkot ,4/23/2017, 16:00 (IST)

Kings XI Punjab beat Gujarat Lions by 26 runs

About Income Tax


An income tax is a tax levied on the income of individuals or business (corporations or other legal entities). Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax. Individual income taxes often tax the total income of the individual (with some deductions permitted), while corporate income taxes often tax net income (the difference between gross receipts, expenses, and additional write-offs). Various systems define income differently, and often allow notional reductions of income (such as a reduction based on number of children supported).

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