WANT TO KNOW ABOUT INCOME TAX BRIEFLY
2007-02-21 22:41:20 · 3 answers · asked by ganguli y 1 in Business & Finance ➔ Taxes ➔ India
Income tax is the money the government steal from your wages.
2007-02-21 22:48:36 · answer #1 · answered by Kenny W 2 · 0⤊ 0⤋
All year the government takes money from you!
At the end of the year you tell them how much they took then they either tell you you didn't pay enough. So pay more. Or you payed to much. So they send you money. However ,if you have children and you income falls inside the under 50,000 a year bracket they give you a lot of money back!
www.Taxslayer.com is a great place to file your taxes it only cost ten dollars and that is only if you file. You can go there and figure your taxes in about 15 minutes then decide whether you want to file or wait! plus they have live help:)
2007-02-22 06:50:12 · answer #2 · answered by OMeganO 3 · 0⤊ 0⤋
You can log on to incometaxindia.gov.in to learn what is income tax
2007-02-23 07:18:31 · answer #3 · answered by CA.Josekutty Jacob FCA,DISA 1 · 0⤊ 0⤋