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An income tax is a tax levied on the financial income of persons, corporations or other legal entities. Various income tax systems exist, ranging from a flat tax to a progressive tax or graduated income tax system. A tax levied on the income of companies is often called a corporate tax, corporate income tax or corporation tax. Individual income taxes generally tax the total income of the individual (with some deductions permitted), while corporate income taxes often tax net income, the difference between gross receipts, expenses and additional writeoffs.
 

Incomes Law
     Taxable Heads
     Tax Deduction
     Tax Rebates
     Tax Deduction

Salary Tax

Wealth Tax

Allowances

Pre-requisite OF Taxes

D.E.P.B. Its Taxability - Issues Therein

Fiscal Federalism In India