Why You Can t Be Your Tax Preparer: Difference between revisions

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Revision as of 08:36, 7 January 2025

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The more you earn, the higher is the tax rate on what we earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned along with bracket of taxable income.

(iv) All unaccounted income should be declared. If such a disclosure is conducted before its detection via Income Tax Department, the probability of being trapped within a tax raid are transfer pricing minimized.

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