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What is the difference between tax deducted at source and income tax?
"Tax deducted at the source" is a method of collecting income tax and a few other taxes.Some taxes such as income tax and FICA taxes are collected from wages, gambling winnings, pensions, and a few other types of payments before the payments are given to the taxpayer. These payments are then credited to the taxpayer's account as payments of income tax, etc.
Is income tax collected monthly?
In the UK income tax is collected in various ways, if you are employed then the PAYE (pay as you earn) system will collect tax each time you are paid, which is usually weekly or monthly, if you are self employed then income tax will be normally be collected annually when your tax return is processed.
Is sales tax collected by wholesalers?
no
Who collects sales tax?
Sales tax is collected by the seller and then passed on to the State.
Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax?
indirect tax
Tax collected at source rate on Firewood?
2.5%
What is the largest source of revenue for states?
sales tax,property taxes and intergovernmental revenre
What is Tax deducted at sources?
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.
Which of the following is an example of a tax collected by the state of Georgia?
Sales tax is an example of a tax collected by the state of Georgia.
Explain taxes as a sources of fund?
All of the money taxes that is collected from the taxpayers would be a source for the fund. And the source of the fund would be the taxpayers that are paying the money tax to the fund.
What is the difference between tax deducted at source and income tax?
"Tax deducted at the source" is a method of collecting income tax and a few other taxes.Some taxes such as income tax and FICA taxes are collected from wages, gambling winnings, pensions, and a few other types of payments before the payments are given to the taxpayer. These payments are then credited to the taxpayer's account as payments of income tax, etc.
Is income tax collected monthly?
In the UK income tax is collected in various ways, if you are employed then the PAYE (pay as you earn) system will collect tax each time you are paid, which is usually weekly or monthly, if you are self employed then income tax will be normally be collected annually when your tax return is processed.
Is sales tax collected by wholesalers?
no
Who collects sales tax?
Sales tax is collected by the seller and then passed on to the State.
Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax?
indirect tax
Which tax is collected to support retired or disabled workers?
social security tax
Which type tax is collected by the mediating agent and then forward to the government?
indirect tax
