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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.
What else can I help you with?
What do gross monthly income mean?
this is your FULL monthly income before tax withdrawal.
Does a wife have to pay taxes on the allowance given monthly by husband?
If the monthly amount is supposed to be ALIMONY payments YES the monthly Alimony payment amounts would be taxable income to you on your own 1040 income tax return. If you are still married and filing a married filing joint income tax return all of joint worldwide income would be reported on the MFJ income tax return and the monthly allowance from your husband would just be and amount from the after income tax funds that were reported on the MFJ income tax return.
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
With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?
$22,500
When income tax is deducted from monthly earnings is called?
Withholding
What do monthly income mean?
this is your FULL monthly income before tax withdrawal.
What do gross monthly income mean?
this is your FULL monthly income before tax withdrawal.
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.
When was federal income tax first collected?
The first Federal Income tax was collected in 1862. It was to help pay the cost of the United States Civil War.
Does a wife have to pay taxes on the allowance given monthly by husband?
If the monthly amount is supposed to be ALIMONY payments YES the monthly Alimony payment amounts would be taxable income to you on your own 1040 income tax return. If you are still married and filing a married filing joint income tax return all of joint worldwide income would be reported on the MFJ income tax return and the monthly allowance from your husband would just be and amount from the after income tax funds that were reported on the MFJ income tax return.
Monthly salary of a person is Rs 10000 prepare his income tax schedule find the income tax payable by him?
No
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
With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?
$22,500
What is the monthly Federal Tax Rate?
Federal Tax Rate Table based on income
When income tax is deducted from monthly earnings is called?
Withholding
When is tax collected?
It's withheld from all income & then difference refunded (if any) at tax time.
need a tax table on retirement funds collected in 2012?
need tax table on income
