When is tax deducted in each tax year?
Let’s learn when is tax deducted in each tax year. The most accurate or helpful solution is served by Yahoo! Answers.
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in practice, why is any interest received on the bank savings always deducted at 20 % band rate regadless the amount of money from which the interest is derived for the purpose of calculation of income tax liablity? in tax year of 2007/2008 the tax bands for income tax on savings consist of : basic rate :from 1 pound to 2230 pounds is taxable at 10 % rate starting rate : from 2231 pounds to 34600 pounds is taxable at 20 % higher rate : 34601 pounds to above is taxable at 40 % rate in practice (at...
Answer:
One step down is correct. The basic rate of tax is 22% but there is a special savings rate of 20%. I...
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I made rougly 17,700 last year and had 872 in fed tax deduced, and 699 in CPP deducted. I got rougly 500 dollars back. This year my income is around 18,050 and tax deducted was 900, with 725 in CPP deducted. Will my tax refund be rougly the same?
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I paid premium Rs.7600/-,my tax consultant deducted only 20% of this but in previous year it was 100% deducted from my total income. I hv doubt,thats why I asked this question.............pls reply.---Thnx
Answer:
Tax benefits are also available for Mediclaim policies under Section 80D under the income tax act where...
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Answer:
IT refunds. Income tax refunds for the tax year 2008 and 2009. You will have to take your copies of...
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My package is 3.0 lacs per year. Considering no investment from my side what shall be the amount of income tax deducted.
Answer:
hi Your income is Rs.3.00 lacs for the current year and you have no claim to make under section 80C...
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But I have not filed my income tax return. How can I file my returns now?
Answer:
Hi assuming you have received the Form 16 for the year 2009-10 , the due date for filling the income...
diyaparm... at Yahoo! Answers Mark as irrelevant Undo
I am now no longer employed. Redundancy payment takes me well into the 40% bracket. Surely the tax is not due until the end of the tax year and I should be able to get a refund that ...show more
Answer:
Sorry to disillusion you, but Schedule E tax (PAYE) is taxable on a receipts basis, ie. when the money...
Y7YIMFPCXOSUEXTYSJPT4JLGFY at Yahoo! Answers Mark as irrelevant Undo
There are 12 months in a year for which salary is computed for calculation of Income Tax ? what happens when salary for march is paid in march the total number of months is 13. Please guide ?
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Is income tax applicable for these transactions?
Answer:
KNOW TAX APPLICABLE ON SHARES SALE PURCHASE FROM HERE AND KNOW HOW TO SAVE THEM http://simpletaxindia...
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We paid in 2008 business legal expenses incurred in 2007, which year are they deductible in?
Answer:
In the UK, ALL accounts are prepared on an accruals basis(you don't have a choice), so they are deductible...
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