Difference between revisions of "Why Must File Past Years Taxes Online"

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Tax, it is not a dirty four letter word, but for many individuals its connotations are far worse than any curse. It's been found that high tax rates generally relate to outstanding social services and high standards of living. Developed countries, where the tax rate exceeds 40%, usually have free health care, free education, systems to deal with the elderly and a steeper life expectancy than people lower tax rates.

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What may be the rate? In the rate or rates enacted by Central Act there are numerous Assessment Years. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to your tax payer.

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