Are you looking for a customizing service? Please contact us
Personal Income Tax (PIT) is a tax on employee earnings. According to the IRS, earned income is money earned as an employee or as the owner of a business or farm.
Personal income tax is a taxation system that the government imposes on income generated by individuals. By law, taxpayers must file an income tax return annually to determine their tax commitment.
Excise duties on fuel, liquor, cigarettes are considered examples of indirect taxes. Whereas income tax is the clearest example of direct tax, since the person earning the income is the one immediately paying the tax.