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People whose income is less than 2.5 lakhs per year need not pay any taxes

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11y ago

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Does president of India pays any income tax and if yes then how much income tax does she pays?

yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P


How much income tax you have to pay in India in the year 2012-2013?

some much


Do the wealthy pay income tax?

The wealthy do pay income tax, and since the wealthy have more income, they must pay more money in income tax.


What is difference between tax free and taxable income?

You don't pay tax on the tax-free pay and you do pay tax on taxable income


Do professional punters pay income tax?

all people pay income tax.


Does the president of India have to pay income tax?

Yes they do but if they live and work on reservations than they are subject only to the tribes laws and are not required to pay federal income taxes.


What do you pay income tax on?

Could it be your income??


Do you need to pay monthly and quarterly income tax even though you have paid the annual income tax?

yes we have to pay tds and advace tax beside anual income tax


Do you pay income tax on inheritance?

No Federal income tax due on inheritance.


What is the tax rate for vacation pay?

The tax rate for vacation pay is the same as the tax rate for regular income, which is based on your total income and tax bracket.


What countries accept online tax payment?

India and the USA accept online tax payment. In the USA, a person may pay his/her taxes through the following websites: Official Payments and EFTPS. In India, a person may pay his/her taxes through the following websites: Income Tax India and Online SBI.


Whats the difference between tax free income and taxable income?

You pay tax on taxable income and you don't on tax free income