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Income Tax

Corporate

Income Tax


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Scorecard | Sat 01 Aug


Current

Bangladesh vs South Africa Test

Shere Bangla National Stadium, Mirpur ,7/30/2015, 09:00 (IST)


recent

Ireland vs Netherlands T20

The Village, Malahide, Dublin ,7/25/2015, 18:45 (IST)

Netherlands beat Ireland by 5 wickets

Sri Lanka vs Pakistan ODI

Mahinda Rajapaksa International Cricket Stadium, Hambantota ,7/26/2015, 14:30 (IST)

Sri Lanka beat Pakistan by 165 runs

England vs Australia Test

Edgbaston, Birmingham ,7/29/2015, 15:30 (IST)

England beat Australia by 8 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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