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As per the new law from this year, Individuals will have to pay late fee after last date to file income tax return for the FY 2018-19. Rs 5000 if tax is filed after due date of 31 August but on before 31 December of that assessment year (in this case 31 December 2019) Rs 10,000 if tax is filed after 31 December but on or before 31 March of the ...
Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of ...
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
Income tax relief u/s 87A for income up to ₹ 500,000 (US$6,300). Standard deduction of ₹ 50,000 (US$630) for salaried class. In the 2018 Budget, the outlay was revised for six key social schemes focused on enhancing the welfare of farmers and the poor, in addition to announcing a new scheme aimed at direct cash transfers to farmers.
Taxation. Taxes in Poland are levied by both the central and local governments. Tax revenue in Poland is 33.9% of the country's GDP in 2017. [1] The most important revenue sources include the income tax, Social Security, corporate tax and the value added tax, which are all applied on the national level.
Tax deductions. Beginning January 1, 2019, the taxpayer may claim deductions for the education of dependent children, continuing education, major medical expenses, mortgage interest or rental expenses, as well as expenses for taking care of ageing parents. 2019 is the first year these deductions were put into operation, and thus is considered a ...
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