Personal Tax

Personal tax is the amount of money individuals are required to pay to the government based on their income, earnings, or certain financial activities. It helps fund public services like healthcare, education, and infrastructure. The amount of tax owed depends on factors such as income level, deductions, and allowances. People usually pay personal tax through payroll deductions or annual filings. Understanding personal tax obligations ensures compliance and helps manage finances effectively, as it directly impacts disposable income. Each country has its own tax rules and rates, which are periodically reviewed and adjusted by tax authorities.