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Income Tax


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Scorecard | Thu 24 May


Current

England vs Pakistan Test

Lord's, London ,5/24/2018, 15:30 (IST)


recent

Delhi Daredevils vs Mumbai Indians T20

Feroz Shah Kotla, Delhi ,5/20/2018, 16:00 (IST)

Delhi Daredevils beat Mumbai Indians by 11 runs

Chennai Super Kings vs Kings XI Punjab T20

Maharashtra Cricket Association Stadium, Pune ,5/20/2018, 20:00 (IST)

Chennai Super Kings beat Kings XI Punjab by 5 wickets

Sunrisers Hyderabad vs Chennai Super Kings T20

Wankhede Stadium, Mumbai ,5/22/2018, 19:00 (IST)

Chennai Super Kings beat Sunrisers Hyderabad by 2 wickets

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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