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Income Tax


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Scorecard | Mon 23 Oct


Current

Zimbabwe vs West Indies Test

Queens Sports Club, Bulawayo ,10/21/2017, 13:00 (IST)


recent

Pakistan vs Sri Lanka ODI

Sheikh Zayed Stadium, Abu Dhabi ,10/18/2017, 16:30 (IST)

Pakistan beat Sri Lanka by 7 wickets

Pakistan vs Sri Lanka ODI

Sharjah Cricket Association Stadium, Sharjah ,10/20/2017, 15:30 (IST)

Pakistan beat Sri Lanka by 7 wickets

India vs New Zealand ODI

Wankhede Stadium, Mumbai ,10/22/2017, 13:30 (IST)

New Zealand beat India by 6 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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