Income taxation is a fundamental fiscal mechanism employed by governments globally, wherein individuals and businesses contribute a portion of their earnings to fund public services and government initiatives.
Taxation, a cornerstone of fiscal policy, is the systematic imposition of financial charges by governments on individuals, businesses, or other entities, with the collected funds serving as a vital source of revenue. This intricate economic tool facilitates the financing of public services, infrastructure development, and various governmental functions, shaping the financial landscape and contributing to the overall economic well-being of societies.
- List of items under income taxation
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