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Rawalpindi, Pakistan
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  • Ad Posted
    22 Jan 2013
Income Tax Taxation according to a person’s ability to pay is universally accepted principle, and income is considered a satisfactory though not a sufficient index of such ability to pay. Income Tax is, therefore, generally recognized as a highly equitable form of taxation. A tax levied on income can nor normally be shifted to others and thus its incidence is on those for whom it is intended. Since income tax is progressive in nature, it tends to reduce economic disparity. Tax rates and method of calculating taxable income varies with fiscal status of the tax payer. Following are the broad categories of taxpayers:- 1. Individuals Business 2. Association Of Persons (AOP) 3. Salaried Individuals 4. Companies For more info: Contact # 0514853500 facebook: evocon Twitter: evocon1Views: 368