1. Income Tax 2. Corporation Tax 3. Capital Gains Tax
This tax is collected from people and organisations based on their income after deductions. As per the earnings, the people fall into different categories and pay tax.
Companies have to pay corporation tax on their profit amount. Currently, the corporate tax rate is 30%, with certain exceptions for special economic zones and new startups.
When you earn money via selling capital assets like shares, bonds, property, or mutual funds. The holding period of the asset, short-term (less than 36 months) or long-term, decides the tax percentage
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