TheTaxHeaven Dictionary - Know the meaning of tax

Income Tax Rate

The Income Tax Rate is the percentage at which your annual earnings are taxed. It's determined in the following year, based on that year's rate, with few exceptions. 

This rate depends on: 

  • The type of taxpayer (individual, company, etc.)
  • Your income source (salary, property, capital gain, business, or other)
  • Your age
  • Your residency status

Use our simple to check your tax amount.