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CELEBS|Corporate 
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Income Tax

Corporate

Income Tax


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Scorecard | Wed 30 Jul


Current

England vs India Test

The Rose Bowl, Southampton ,7/27/2014, 15:30 (IST)


recent

England vs India Test

Lord's, London ,7/17/2014, 15:30 (IST)

India beat England by 95 runs

Zimbabwe vs Afghanistan ODI

Queens Sports Club, Bulawayo ,7/22/2014, 12:30 (IST)

Afghanistan beat Zimbabwe by 2 wickets

Sri Lanka vs South Africa Test

Sinhalese Sports Club, Colombo ,7/24/2014, 10:00 (IST)

Sri Lanka drew with South Africa

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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