Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
Income tax IS based on your income that is why it is called INCOME tax.
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
Net income is what you get after tax, gross income is before tax.
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
The federal income tax payment and most state income tax payments for 2008 are due today, April 15, 2009.
Before tax income is gross income less allowable deductions and rebates = assessable income. After tax income is assessable income less the applicable income tax
Income tax IS based on your income that is why it is called INCOME tax.
Yes. Any tax on income is income tax. Taxes imposed after income, such as sales tax, aren't.
A income tax is a tax levied on the income of individuals or business.
Net income is what you get after tax, gross income is before tax.
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
It was initially a tax on the wealthy, now it taxes the guy who works for a living more heavily than the rich who pay attorneys to construct "tax shelters". See the linked question below.
There is no need to file an income tax return if you had no income. That said, there was a year when senior citizens could claim a tax credit by filing even if they had not income so your question is valid. For 2010 though, as the rules stand today, you don't need to file.
The amount of your tax liability is based on your TAXABLE INCOME after your income tax return is completed completely and correctly down to the TAXABLE income line of each income tax return.
Income Tax DSC, Digital Signature for Income Tax, Return e Filing, ITR to authenticate your identity electronically, Get Class 3 digital signature for Income Tax to save your privacy. You can easily submit your Income-tax with the help of DSC (digital signature for income tax).
Income tax is boring but necessary.Something was dodgy about these income tax claims.