What is the procedure for calculation of Minimum Alternate Tax?

i want to know procedure to calculate income tax, ie. income is 250000/- less 150000/- after that ? please explain in brief

Super confused so if anyone could spare a minute I would greatly appreciate it. Sam is unmarried and has one young daughter, Sue. Sam qualifies as a head of household for tax purposes. Sue is his dependent. Sam has $15,000 of earned income and has no...

If I have overpaid tax last year, and I am entitled to a rebate this year, where would that fit into my income tax calculation? I believe for my TAX CODE, my personal allowance calculation would be raised by: rebate * (100/22) What about my income tax...

If I have overpaid tax last year, and I am entitled to a rebate this year, where would that fit into my income tax calculation? I believe for my TAX CODE, my personal allowance calculation would be raised by: rebate * (100/22) What about my income tax...

Hi , I was working with a company X till October 30th 2012 and joined company Y on November 2nd 2012. Since I had not shown any Income Tax (IT) proof to the company X, they deducted a huge amount as IT from my October salary and provided the IT statement...

Hiya, I would like know how the TAX is being calculated in the UK, say my annual salary is 50K, and as per rule if the salary is less than 35K, he/she has to pay 20% of tax, but if the annual salary is between 35K and 150K, he/she has to pay 40% of tax...

I'll appreciate if someone can help in solving my question. I have two jobs (main & second job) and i pay a lot of tax after each tax year but still owe tax. I also do self assessment online yearly to know how much tax to pay. I pay normal tax in...