How to calculate for the form 941 total income tax?
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What can you tell me about paying state income taxes in two different states?
What do I need to know about Oregon Income tax for residents of Vancouver?
What is the federal income tax rate for a severance package?
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taxes
Question by Jeff26 (31)
Answer by SubhashChander (1773)
In India, income tax is calculated on the profit earned by an individual tax payer during a financial year, if the same is above the total exemption limit. It is the individual's total income and not on revenues.
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