You are here
Home > Finance

Income tax in India

The Constitution of India → Schedule VII → Union List → Entry 82 has given the power to the Central Government to levy a tax on any income other than agricultural income, which is defined in Section 10(1) of the Income Tax Act, 1961.[1] The Income Tax Law consists of Income

Income tax in the United States

From Wikipedia, the free encyclopedia Jump to navigationJump to search In the United States, people have to pay income taxes to the United States government, most state governments, and many local governments. This means that people have to pay taxes to these governments, based on how much money they earn. Contents 1Introduction 1.1Not all income is taxed at the same rate 2Not