06-27-2009, 11:54 PM
Dear,
<b>Income tax</b> is a direct tax , which is imposed on the income of individuals, AOPs and Corporates.
<b>Withholding Tax</b> is the amount of tax withheld by the employer/agent on behalf of its employees/principal to be paid in future time priod ,
There is a time dfferentiation in between deduction of taxation and its payment, the same Gap is called the time of tax withheld.
<b>Payroll Tax </b> is amount of tax, deducted on payment of payroll.
Best Regards,
<b>Income tax</b> is a direct tax , which is imposed on the income of individuals, AOPs and Corporates.
<b>Withholding Tax</b> is the amount of tax withheld by the employer/agent on behalf of its employees/principal to be paid in future time priod ,
There is a time dfferentiation in between deduction of taxation and its payment, the same Gap is called the time of tax withheld.
<b>Payroll Tax </b> is amount of tax, deducted on payment of payroll.
Best Regards,
