Difference between revisions of "How Does Tax Relief Work"

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Revision as of 12:49, 22 October 2024

The IRS has set many tax deductions and benefits instead for individuals. Unfortunately, some taxpayers who bring home a advanced of income can see these benefits phased out as their income increases.

What is the rate? At the rate or rates enacted by Central Act for any Assessment Christmas. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable for the tax payer.

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