What is the rate of income tax?

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How do you figure out how much tax is coming out of your paycheck?

say you make 500 a month, in the state of Texas, how much should come out for taxes?...

Are payments made to the IRS tax deductible for the following year?

I am paying the IRS 300-400 a month this year. Will I be able to claim this next year when I itemize?...

How much after taxes?

Okay I am changing to getting paid bi-weekly instead of weekly here is the layout to help:
Right now I get 520 before taxes and 430 after taxes
If I start getting paid bi-weekly and get a ...

I was 60 this week, apart from state pension what else am I entitled too and how do I get these things?

Additional Details
I am born and bred in this country and worked 90% of my adult ...

Benifits of co-habitation. My boy friend works. I am on disablity for lik e and he would like to?

for tax perposes to use me as a dependant. ( out of the 3000 he makes a week, gvmt takes 1000). Sure, in the long run, at retirement the extra income would be appreciated, but we have IRA's ...

What happens if you think there is a misprint on your W2 and you have already e-filed?

I noticed that on my W2 that the EIN number is the same as the state id number. I have already efiled my federal but not my state. Will the IRS reject it, and I have to amend it or will it affect ...

If your over 50 years old can you sell a house and keep the profits without paying capital gains tax??

...

Two refund checks? PLEASE HELP!?

Okay so I received a refund check about two weeks ago. They had said (via. letter in the mail) that I had a few errors on my tax return papers so they corrected and sent me a check for the corrected ...

Is all the information on your last paystub going to match the info on the w2?

basically I am asking if you have your last paystub of the year and you are e-filing do you need your w2 to file your taxes?...

Please let me know balance in account no MH/99720/0446?

...

What can a young married couple who rents, does not own a business no kids do to have tax deductions?

...

Are there any legit free website to help me file my own taxes here in the USA?

I live in Georgia....

TAX CREDITS QUESTION. (England)?

Handed in my notice at work but looking for new employment.

1. Wife gets child tax credit not working (4yr old to look after)
Q: will her allowance be affected.

2. I get ...

How to find out about authorized tax returns?

requesting information about tax returns release ...

What do you do with old bank statement and payslips?

Additional Details
i mean do u hoard the for future ...

Can I File Head of Household?

I live with my girlfriend, her son, and her mother in her mother's house. We have lived there for a little more than a year and have been paying half of the bills for maintaining the house. I am ...

Can remodeling be claimed on taxes?

I am in the process of remodeling my rental apartment and I am wondering if the remodeling costs can be claimed on my income taxes for a ...

Why don't all the people in the UK refuse to pay electricity bills?

at the present time electricity prices are controlled by shareholders in search of high profits,if all people in the UK refused to pay these inflationary prices the energy company's would have ...

How much are uk pensioners allowed in their bank accounts before it affects their benifits rebates etc.?

...

Question about tax stimulus packages. Please only answer if you know what you're talking about. Thanks!?

On the IRS website it says that anyone who CAN be claimed as a dependent (even if you weren't claimed) will not be receiving a stimulus rebate. I was a student for half of 2007 (graduated in M...

Lakshita R

What is the rate of income tax?

delta

For Males For Year 2008-2009
Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 1,50,000/- Nil
Rs. 1,50,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000 20%
Above Rs. 5,00,000/- 30%

For Females
For Year 2008-2009
Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 1,80,000/- Nil
Rs. 1,80,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000/- 20%
Above Rs. 5,00,000/- 30%

For Senior Citizen
For Year 2008-2009
Taxable Annual Income Slab (In Rs.) Tax Rate (In %)
Upto Rs. 2,25,000/- Nil
Rs. 2,25,001/- to Rs. 3,00,000/- 10%
Rs. 3,00,001/- to Rs. 5,00,000 20%
Above Rs. 5,00,000/- 30%

kc.intlin

pl inform your age ,sex and source of income and total income

Rajababu

why dont you download a simple tax calculator excel based from the link

http://simpletaxindia.blogspot.com/2008/03/tax-calculator-with-revised-rates-in.html

Jss

Income Tax Rates for Financial Year 2007-2008 (Assessment Year 2008-2009) in India, go to
http://mytaxes.in/index.php?topic=16.0

income Tax Rates For AY 2009-10, check here
http://mytaxes.in/index.php?topic=7.0

Tanuj S

in India
tax exemption limit is 1.2 lacks for men and 1.5 lacks for women.
after that it is 10% upto 2 lacks
20% for the next .5 lacks(ie. 2 to 2.5 lacks)
and 30% for income over 2.5 lacks

eg for income of 3 lacks for a men, tax will be:
5000+10000+15000=Rs.30,000

Ravindra T

hello dear ,

income tax rate= 20%
dear pl. call me my cell no # 09870633472

Naman

there are various slabs of income tax for individuals.
basic exemption is 110000
overall you can say that in India the rate of IT is 30%(+10 % surcharge+ 2% edu cess + 1 % higher edu cess)
so it comes to 33.36%

ram

Approxy 4%.

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