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    Who needs to pay Income Tax?
    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.


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    It all depends on where you are. Every country / state has different rules.


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    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.


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    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


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    As the question implies... anybody who makes "Income" lol.
    Don't try to evade taxes, but there are strategies to minimize taxes.



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    Quote Originally Posted by Jschultz View Post
    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.
    This is so informative thanks for sharing with us. I want to know more about this can you please help me with this?


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    Playschool in Kilpauk are fortunate enough to have abundant available resources and those who live in relative peace may not be receiving the full benefits of play.


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    This is so informative thanks for sharing with us. I want to know more about this can you please help me with this?
    waec english answer


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    The new aspect right now is filing a filing a stimulus tax return to get your money directly deposited in your checking account


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    Chris
    Please visit my website for all your Income Tax Santa Paula needs.
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    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.


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