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Income Tax

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Income Tax


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Scorecard | Sat 28 May


Current

England vs Sri Lanka Test

Riverside Ground, Chester-le-Street ,5/27/2016, 15:30 (IST)


recent

Delhi Daredevils vs Royal Challengers Bangalore T20

Shaheed Veer Narayan Singh International Stadium, Raipur ,5/22/2016, 20:00 (IST)

Royal Challengers Bangalore beat Delhi Daredevils by 6 wickets

Gujarat Lions vs Royal Challengers Bangalore T20

M.Chinnaswamy Stadium, Bengaluru ,5/24/2016, 20:00 (IST)

Royal Challengers Bangalore beat Gujarat Lions by 4 wickets

Sunrisers Hyderabad vs Kolkata Knight Riders T20

Feroz Shah Kotla, Delhi ,5/25/2016, 20:00 (IST)

Sunrisers Hyderabad beat Kolkata Knight Riders by 22 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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