am frm india i need to submit an assign on income tax tell me where i can fnd recent illustrations salary inc

Question

income tax illustrations for the assessment year 2007-08, for salary income computation can u suggest me a site pls

Answer 1

United States Federal Income Tax follows the calendar year January to December. Individuals report their income once a year for the prior year.

So, we are now in 2007. You have until April 15, 2007 to submit your income tax return to the Internal Revenue Service (IRS) for all your earnings in the year 2006 (if you worked in the USA in 2006).

Your employer will send you a form called a "W-2". This form will list out your income for 2006 as well as any taxes withheld from your pay - by tax category. You then use the W-2 form as the basis for filling out the IRS annual tax report called a "form 1040".

The W-2 form will also show your State Income, and any tax that was taken from your pay for State and local tax, if any (varies by State)

If you are unfamiliar with USA tax forms and tax filing, it is probably best to hire someone to help you. My recommendation is a firm named H&R Block. They should have an office near where you live, and they can help you with your tax filing. Of course, they charge a fee, but it's worth it if these forms are new to you.

You will not have to file tax returns for 2007 income and taxes until next year.

Answer 2

You shall contact a professional in this regards as there are going to be many things that you even cant think off but could benefit you or harm you.
Income Tax is not that simple.
You can contact me at [e-mail]

Answer 3

Refer to www.allindiantaxes.com