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  2. Income tax return (India) - Wikipedia

    en.wikipedia.org/wiki/Income_tax_return_(India)

    The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.

  3. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922. Current income-tax law is governed by the 1961 act, which has 298 sections and fourteen schedules. [9] The Direct Taxes Code Bill was sponsored in Parliament on 30 August 2010 by the finance minister to replace the Income Tax Act, 1961 and the Wealth Tax ...

  4. The Income-tax Act, 1961 - Wikipedia

    en.wikipedia.org/wiki/The_Income-tax_Act,_1961

    The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. [ 1 ] New Income Tax Bill 2025 was presented by the government in the Lok Sabha (Lower house of India) on 13.02.2025, If the bill is approved and passed then it will become an act of law and ...

  5. Schedular system of taxation - Wikipedia

    en.wikipedia.org/wiki/Schedular_system_of_taxation

    Schedule D (tax on trading income, income from professions and vocations, interest, overseas income and casual income) Schedule E (tax on employment income) [2] Later a sixth Schedule, Schedule F (tax on UK dividend income) was added. The Schedules under which tax is levied have changed. Schedule B was abolished in 1988, Schedule C in 1996 and ...

  6. List of countries by tax rates - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by_tax_rates

    0% income tax if earning under €11,604 in year ... 24.5%; 20% corporate tax plus a 4% Jehad tax plus a 0.5% tax on corporate income to pay for stamp duties ...

  7. Income tax - Wikipedia

    en.wikipedia.org/wiki/Income_tax

    The inception date of the modern income tax is typically accepted as 1799, [6] at the suggestion of Henry Beeke, the future Dean of Bristol. [7] This income tax was introduced into Great Britain by Prime Minister William Pitt the Younger in his budget of December 1798, to pay for weapons and equipment for the French Revolutionary War.

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