History Of The Federal Taxes

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B) Interest earned, on the other hand paid, during a bond year, must be accrued at the conclusion of the bond year and reported as taxable income for the calendar year in how the bond year ends.

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3 A 3. All individuals spend tax @ 15.00 % of salary over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and source of income.

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