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chrishpriyesh
09-05-2014, 03:42 PM
I am working in a small organization and getting 2.5lakhs per annum so please anyone tell me should i need to pay tax. Suggestions i required.:)

taxcpa
09-09-2014, 11:41 AM
It all depends on where you are. Every country / state has different rules.

Jschultz
09-23-2014, 12:05 PM
In the USA, All income is reportable to the IRS. It does not matter is the income is received from legal of illegal sources. It does not matter if you received the income in cash. It does not matter if you did not receive a 1099 or W-2 or if it under $600.

Allan Madan
01-06-2015, 03:36 PM
In Canada, you are required to pay taxes on your employment income. Generally, your employer will issue a T4 slip and have income taxes deducted from your payroll directly.

Sincerely,
Madan Chartered Accountant
www.madanca.com (http://www.madanca.com)

Accountant_Canada
12-01-2015, 03:11 PM
As the question implies... anybody who makes "Income" lol.
Don't try to evade taxes, but there are strategies to minimize taxes.

:eek:

Srijana Pandey
03-08-2020, 03:41 AM
In the USA, All income is reportable to the IRS. It does not matter is the income is received from the legal or illegal sources. It does not matter if you received the income in cash. It does not matter if you did not receive a 1099 or W-2 or if it under $600.

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04-07-2020, 11:32 PM
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Chris_Tax
04-12-2020, 02:18 PM
The new aspect right now is filing a filing a stimulus tax return to get your money directly deposited in your checking account

Malnisharma
04-15-2020, 02:36 AM
Who pay income tax in India? Thanks for asking. Those (For individual) who earn income and their income exceed the basic exemption limit i.e 250000, they are required to pay taxes. All assessees other than Individual are required to pay if they are earning any amount of income.

Lilykevin86
07-18-2020, 01:55 AM
Before Registration and Filing of your Income Tax Return, it is suggested that one ought to build up essential Pay got or receivable from any work practiced in Pakistan any place paid;; Salary paid by, or in the interest of,

moverdubai12
11-09-2020, 01:14 AM
The duty paid by us turns into a receipt (pay) for the legislature of India. They utilize the receipts to subsidize fundamental costs like safeguard, police, legal executive, general wellbeing, framework and so on ... Repeating costs can resemble pay rates paid to government workers and so forth

jacksonsamy2
11-09-2020, 11:29 PM
It is mandatory to file return of income for a company and a firm. However, individuals, HUF, AOP, BOI are mandatorily required to file return of income if the income exceed basis exemption limit of Rs 2.5 lakhs. This limit is different for senior citizens and super senior citizens.

alishbasaki
01-15-2021, 11:03 PM
The base pay sum relies upon your documenting status and age. In 2020, for instance, the base for single documenting status if under age 65 is $12,400. In the event that your pay is underneath that limit, you for the most part don't have to record a government assessment form.

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lishmaliny
01-20-2021, 08:56 AM
Any Indian citizen aged below 60 years is liable to pay income tax if their income exceeds Rs 2.5 lakhs. If the individual is above 60 years of age and earns more than Rs 2.5 lakhs, he/she will have to pay taxes to the Government of India.

raviseo121
01-21-2021, 11:30 AM
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