People whose income is less than 2.5 lakhs per year need not pay
yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P
The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
all people pay income tax.
from what amount do workers have to pay income tax
yes we have to pay tds and advace tax beside anual income tax
Could it be your income??
Every1 in the world pays income tax Texas does not have a State income tax, collecting that same revenue using other tax means. You of course pay Federal income taxes.
You pay tax on taxable income and you don't on tax free income
No Federal income tax due on inheritance.
On a standar IRA, Yes (you didn't pay tax on the $ contributed or as it grew). On a Roth IRA, (where you paid the tax on the income before contribution), No.
No- churches and other tax-exempt charities do not pay income tax on the donations they are given. Church employees have to pay income tax on their salaries and the church must collect with-holding tax on these salaries.
He had to pay his income tax. My dad has to pay income taxes.
The Bahamas has absolutely no personal income tax, no corporate income tax, no capital gains tax, and no inheritance tax.
To answer your question, the taxes you pay on the money you earn (salary, income) is called income tax.