what is meant by tax? on what baasis it is deducted from salsry?



what is meant by tax? on what baasis it is deducted from salary and why it is deducted. how much percent it will be deducted?

what is meant by tax? on what baasis it is deducted from salsry?
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5 Replies to “what is meant by tax? on what baasis it is deducted from salsry?”

  1. Tax is a particular percent of money that is deducted from ones income for the welfare and development of the country.

    Tax is deducted in various country and states in various. Usually it is dependent on the income. The higher the income, the higher the tax.


  2. Taxes are a fee that citizens of a country pay to fund their government. Taxes pay for different things in different countries, but common uses for tax dollars are:

    Building roads
    Running schools
    Helping the homeless
    Funding the army/national security
    Paying government officials
    Paying for law enforcement and firefighters
    Many other things

    In the US payroll deductions for taxes have a number of benefits: they split annual taxes into small weekly payments so taxpayers aren’t hit with a big bill every year. Since they are estimated payments, they often result in tax refunds at the end of the year when the government gives back what you overpay. It alos makes people more likely to actually pay their taxes.

    The percentage of a payroll deduction depends on where you are exactly (besides federal and state, there are local taxes in some areas).

    That’s the principle behind it. Of course there are a whole lot of questions ans controversies when it comes to US taxes but that’s a whole other topic!


  3. you are asking every basic here,
    this is from English dictionary:
    1.a compulsory contribution to state revenue, levied by the government on workers’ income and business profits, or added to the cost of some goods, services, and transactions.

    2.if your total earnings are more than 2,00,000/- in year then you have to pay some amount to the government in the form of Income Tax. (tax on Earned amount) this is the basis.

    3.from 2lacs to 5lacs its 10.3%
    4.who will provide information about calamities and take care of all of us, on droughts, who will make roads, ways, airports, satellites, parks, libraries, secure our country from intruders, saving from crime, electricity, water admins. etc., for these issues money needed will you give it


  4. There are so many taxes like, Sales ax, Service Tax, Gift Tax, Wealth Tax etc etc.
    In your salary deducted from Salary is Income Tax. If you want the details of Income Tax,go to www
    incometaxindia. You can get the required details.


  5. if your total earnings are more than 2,00,000/- in year then you have to pay some amount to the government in the form of Income Tax. (tax on Earned amount) this is the basis.





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