2.5%
Tax Collected at Source is a sales tax that is charged in India for certain good. The items that qualify for this tax is liquor, tendu leaves, timber, and scrap batteries.
Firewood used for home heating is exempt from sales tax. However, if it is sold as camp firewood, you must collect the sales tax.
Personal Income Tax is collected centrally by the government. There is no local percentage rate.
Maybe to make sure it is paid? It refers to any tax that was collected at source...like payroll withholding or tax deducted from an interest payment.
sales tax,property taxes and intergovernmental revenre
NJ Division of Taxation bulletin S&U4 says (on page 9) that firewood is exempt from sales tax.
Every hotel in the state assess a tax collected on behalf of the state. The rate is 12% for strip hotels
TDS Means Tax Deduction At Source .... Tax is the applicable Rate is to be deducted from the salary from the employee at the time of paying/ crediting the salary.... TDS rate is Depending on Basic amount ...
Sales tax is an example of a tax collected by the state of Georgia.
The type of tax collected by a mediating agent from the person responsible for paying it is typically referred to as a "withholding tax." This tax is deducted at the source by the mediating agent, such as an employer or financial institution, and is then remitted to the tax authorities on behalf of the taxpayer. Withholding taxes are commonly applied to income, dividends, and interest payments.
To find the pretax amount when you have the tax percentage and the amount of tax collected, you can use the formula: Pretax Amount = Tax Collected / (Tax Percentage / 100). First, convert the tax percentage into a decimal by dividing it by 100, then divide the tax collected by this decimal. This calculation will give you the pretax amount before tax was added.
Denmark has the highest income tax rate, with its top-taxed citizens paying 68% of their income. The basic tax rate starts at 42%. (Source; Guiness World Records.)