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Income Tax


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Scorecard | Fri 19 Jan


Current

New Zealand vs Pakistan ODI

Basin Reserve, Wellington ,1/19/2018, 03:30 (IST)


recent

New Zealand vs Pakistan ODI

Seddon Park, Hamilton ,1/16/2018, 06:30 (IST)

New Zealand beat Pakistan by 5 wickets

Ireland vs Scotland ODI

ICC Global Cricket Academy Ground, Dubai ,1/16/2018, 11:00 (IST)

Ireland beat Scotland by 6 wickets

Sri Lanka vs Zimbabwe ODI

Shere Bangla National Stadium, Mirpur ,1/17/2018, 11:30 (IST)

Zimbabwe beat Sri Lanka by 12 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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