Income Tax Commission - definizione. Che cos'è Income Tax Commission
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Cosa (chi) è Income Tax Commission - definizione

TAX ON INCOME IN INDIA
Income Tax in India; Direct Taxes Code; Income Tax Settlement Commission; Income tax (India); History Individual Income tax in India
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Income tax         
  • General government]] revenue, in % of GDP, from personal income taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 27 % by tax revenue
  • Citizenship-based}}
  • Payroll]] and income tax by OECD Country in 2013
  • upright
  • marginal statutory corporate income tax rate,  marginal statutory personal income tax rate in OECD
  • Top marginal tax rate of the income tax (i.e. the maximum rate of taxation applied to the highest part of income)
TAX IMPOSED ON INDIVIDUALS OR ENTITIES (TAXPAYERS) THAT VARIES WITH RESPECTIVE INCOME OR PROFITS (TAXABLE INCOME)
Income Tax; Income taxes; Personal income tax; Personal Income Tax; Personal income taxes; IRPEF; Income taxation; Income Taxes; Individual income tax; Criticisms of income taxation; Personal profit tax; Personal tax; History of income taxes
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income.
income tax         
  • General government]] revenue, in % of GDP, from personal income taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 27 % by tax revenue
  • Citizenship-based}}
  • Payroll]] and income tax by OECD Country in 2013
  • upright
  • marginal statutory corporate income tax rate,  marginal statutory personal income tax rate in OECD
  • Top marginal tax rate of the income tax (i.e. the maximum rate of taxation applied to the highest part of income)
TAX IMPOSED ON INDIVIDUALS OR ENTITIES (TAXPAYERS) THAT VARIES WITH RESPECTIVE INCOME OR PROFITS (TAXABLE INCOME)
Income Tax; Income taxes; Personal income tax; Personal Income Tax; Personal income taxes; IRPEF; Income taxation; Income Taxes; Individual income tax; Criticisms of income taxation; Personal profit tax; Personal tax; History of income taxes
¦ noun tax levied directly on personal income.
income tax         
  • General government]] revenue, in % of GDP, from personal income taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 27 % by tax revenue
  • Citizenship-based}}
  • Payroll]] and income tax by OECD Country in 2013
  • upright
  • marginal statutory corporate income tax rate,  marginal statutory personal income tax rate in OECD
  • Top marginal tax rate of the income tax (i.e. the maximum rate of taxation applied to the highest part of income)
TAX IMPOSED ON INDIVIDUALS OR ENTITIES (TAXPAYERS) THAT VARIES WITH RESPECTIVE INCOME OR PROFITS (TAXABLE INCOME)
Income Tax; Income taxes; Personal income tax; Personal Income Tax; Personal income taxes; IRPEF; Income taxation; Income Taxes; Individual income tax; Criticisms of income taxation; Personal profit tax; Personal tax; History of income taxes
n. a tax on an individual's net income, after deductions for various expenses and payments such as charitable gifts, calculated on a formula which takes into consideration whether it is paid jointly by a married couple, the number of dependents of the taxpayers, special breaks for ages over 65, disabilities and other factors. Federal income taxes have been collected since 1913 when they were authorized by the 16th Amendment to the Constitution. Most states also assess income taxes, but at a substantially lower rate than that of the federal government. See also: income tax

Wikipedia

Income tax in India

Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. Income-tax law consists of the 1961 act, Income Tax Rules 1962, Notifications and Circulars issued by the Central Board of Direct Taxes (CBDT), annual Finance Acts, and judicial pronouncements by the Supreme and high courts.

The government taxes certain income of individuals, Hindu Undivided Families (HUF's), companies, firms, LLPs, associations, bodies, local authorities and any other juridical person. Personal tax depends on residential status. The CBDT administers the Income Tax Department, which is part of the Ministry of Finance's Department of Revenue. Income tax is a key source of government funding.

The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from 1,392.26 billion (US$17 billion) in 1997–98 to 5,889.09 billion (US$74 billion) in 2007–08. In 2018–19, direct tax collections reported by the CBDT were about 11.17 lakh crore (₹11.17 trillion).