None of the federal rebates that you may have received would be taxable.
No. Your federal tax is not deductible from your income in determining state taxable income, hence any refund of it isn't included as taxable income.
In ITR-1, you can enter the Income Tax rebate under Section 87A in the "Schedule IT" section. Specifically, look for the row labeled "Rebate under section 87A" where you can input the eligible amount. Ensure that your total taxable income is below the prescribed limit to qualify for the rebate. After entering the amount, verify that all calculations align with your total income and deductions.
Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income
ALL income is taxable.
Yes, Bonuses are income and income is taxable
No. Your federal tax is not deductible from your income in determining state taxable income, hence any refund of it isn't included as taxable income.
In ITR-1, you can enter the Income Tax rebate under Section 87A in the "Schedule IT" section. Specifically, look for the row labeled "Rebate under section 87A" where you can input the eligible amount. Ensure that your total taxable income is below the prescribed limit to qualify for the rebate. After entering the amount, verify that all calculations align with your total income and deductions.
No it is not taxable
Taxable income is the total amount of your income that is taxable. Certain types of income are exempt from taxes, but most income is taxable. To find out more information about taxable income, go to http://en.wikipedia.org/wiki/Taxable_income
ALL income is taxable.
No, income tax and taxable income are not the same thing. Taxable income is the amount of income that is subject to taxation, while income tax is the actual tax that is calculated and paid on that taxable income.
Yes, Bonuses are income and income is taxable
Supplemental security income (SSI) is not taxable income.
In the UK, the HM Revenue & Customs website offers detailed information about taxable income. It is also explained what counts as taxable income and what counts as a non-taxable income.
Lots of people have lots of income from things other than working. Many retired - or just rich - people have taxable incoem and don't work. If you don't have any taxable income, you'll receive benefits by filing...including things like this years tax rebate!
Yes, any income no matter how you make it is taxable.
Persons taxable income is the taxable income of any individual like owners or anybody in normal life which includes salary income, income from any business in partnership etc.