Personal income tax, personal income tax

tax, which is levied on the sum of the total income of citizens in monetary terms for the past year. Partially levied on monthly and current income in the form of one-time payments. Income tax is levied on income that exceeds the non-taxable minimum. It belongs to the category of progressive taxes. The rate usually increases in steps as the amount of annual income increases. In Russia, there are a number of benefits for the payment of income tax, in particular, income from pensions is exempted from it.