jurisdictions, in general, a direct tax or income tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which...

Nonetheless, tax evasion is a massive problem in India, ultimately catalyzing various negative effects on the country. In 2023–24, the Direct tax collections...

correct tax allowances and tax relief. The first known taxation took place in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and...

Board of Direct Taxes (CBDT) is the senior-most IRS (IT) civil servant in the Government of India. The Chairperson of Central Board of Direct Taxes (CBDT)...

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...

administering direct taxes accruing to the Government of India. The IRS (Income Tax) is controlled by a statutory body, the Central Board of Direct Taxes (CBDT)...

that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A of the executive branch...

indirect tax (such as sales tax, per unit tax, value-added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is...

National Academy of Direct Taxes (NADT) is the apex civil service training institution of the Indian Revenue Service and the Income Tax Department of the...

The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government...

A poll tax, also known as head tax or capitation, is a tax levied as a fixed sum on every liable individual (typically every adult), without reference...

Federal Direct Tax (FTA) is a Swiss direct income tax. It is the main source of revenue for the federal government, followed by the value-added tax (VAT)...

A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value...

brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill was later...

governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total...

also levy taxes. The extent of that authority varies from canton to canton. While the formal framework of the most important cantonal direct taxes has been...

United States, Tax Day is the day on which individual income tax returns are due to be submitted to the federal government. Since 1955, Tax Day has typically...

A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar...

nation, and required that "direct taxes" be imposed only in proportion to the Census population of each state. Federal income tax was first introduced under...

1, Section 9 defines a direct tax. The Sixteenth Amendment to the United States Constitution did not create a new tax. Taxes were low at the local, colonial...

'Apportionment of Direct Taxes'", 80 Tax Notes 591 (Aug. 3, 1998); and Sheldon D. Pollack, "Origins of the Modern Income Tax, 1894–1913," 66 Tax Lawyer 295,...

certain taxes on incomes, such as those on property under the 1894 Act, to be unconstitutionally unapportioned direct taxes. The Court reasoned that a tax on...

Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone...

tax calculators mainly for direct taxes, such as income tax and corporate tax. Gradually some more complex and customized tax compliance software has been...

2012 the total tax revenue was 42.2% of the gross domestic product (GDP). Many direct and indirect taxes exist. The most important taxes – in terms of...

law relating to Income Tax and Wealth Tax, the new proposed legislation is called the Direct Taxes Code (to become the Direct Taxes Code, Act 2010). Act...

indirect tax—a tax on a transaction—as opposed to a direct tax, which taxes income. Carbon taxes are price instruments since they set a price rather than...

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)...

An excise, or excise tax, is any duty on manufactured goods that is normally levied at the moment of manufacture for internal consumption rather than...

Tax Ordinance 2001 (for direct taxes) and Sales Tax Act 1990 (for indirect taxes) and administered by Federal Board of Revenue (FBR). The Income Tax Act...