We provide an offline version of this dictionary and you can download it free now.
Home » Legal Terms Dictionary » Income Tax

Definition Of Income Tax:


It refers to any charge or tax on the persons annual business income, capital gains,investments and all aspects, after the deduction of the expenses, benefits and charities which is levied by the government for the development of the society as a whole.
The tax is deducted on the basis of rules and norms established by the governments.

Browse Legal Terms By First Letter:

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |

Browse Legal Dictionary By Category:

Main | Legal | Legal Abbreviations |