A tax that is levied by the Federal Government and by some Provincial or Municipal Governments on the annual income of an individual or a company. The amount or percentage taxed is based on the amount of an individual's earned and ...

Professional tax or employment tax is a state-based tax. It is allowed as a deduction from the gross income before computing the tax.

Service Tax is a form of indirect tax imposed on specified services called "taxable services". Service tax cannot be levied on any service which is not included in the list of taxable services.

VAT or Value Added Tax is a consumption tax which is levied at each stage of production based on the value added to the product at that stage. Many States in India have adopted VAT in place of sales tax.