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Agriculture income means money received from the sale of paddy, food grains, sugarcane, fruits, vegetables etc. You can not expect money from the agriculture always. Sometime you may get money. In sometime you may not get anything from the agricultural field due to rain or famine or flood. So the agricultural income is not regular income. That is why there is no income tax for agricultural income.
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What is meaning of annual income?
'Annual income' is the total amount of money you earn in one year.
What is the meaning of the abbreviation 'EIC' on a tax form?
Earned Income Credit
What is the meaning of taxable income?
The amount of income subject to income taxes; found by subtracting the appropriate deductions (IRA contributions, alimony payments, unreimbursed business expenses, some capital losses, etc.) from adjusted gross income.
What is a direct tax on personal income called?
A direct tax on personal income is called an income tax. This tax is levied directly on an individual's earnings, which can include wages, salaries, and other forms of income. The amount of income tax owed typically depends on the taxpayer's income level and applicable tax rates. Income tax can be progressive, meaning higher earners pay a higher percentage compared to lower earners.
What is a regressive income tax?
A regressive income tax is a tax system where the tax rate decreases as an individual's income increases, meaning that lower-income earners pay a higher percentage of their income in taxes compared to higher-income earners. This can result in a heavier financial burden on those with lower incomes, as they may spend a larger portion of their earnings on taxes. Common examples include sales taxes and certain flat taxes. Such systems can exacerbate income inequality and limit economic mobility.
What are Wyoming's magor industries?
aggriculture,mining,andtoirism
Who is the first ministery of kerala in aggriculture?
Com;K.R.Gauri.
What was New Hampshire's aggriculture?
Potatoes, Fishing, Manufacturing textiles, Shipbuilding, pumpkin, potatoes,
What is the meaning of deemed income?
deemed income
What is the opposite meaning of income?
Some examples of words with the opposite meaning ("antonyms") as income are:expenditure (or expenses)spendingoutgocostsbills
What is meaning of annual subscription?
What is meaning of annual income? 'Annual income' is the total amount of money you earn in one year.
What is meaning of annual income?
'Annual income' is the total amount of money you earn in one year.
What is the meaning of gross income tax?
This means that Income tax is ucky and shouldn't have to be paid.
What is the meaning of deffered income?
When you have earned income but will get paid in the future rather than upon earning it.
What is the meaning of income-generating scheme?
a type of scheme
What is the meaning of ad supported?
Financially supported by the income from advertisements.
What is the relationship between income elasticity and inferior goods?
Income elasticity measures how the demand for a good changes in response to changes in income. Inferior goods have a negative income elasticity, meaning demand decreases as income increases.
