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Revisión del 01:01 23 oct 2024
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(iv) All unaccounted income should be declared. If such a disclosure is conducted before its detection with the Income Tax Department, likelihood of being trapped in a tax raid are lessened.
Because for this increasing tax rate better brackets, a reduction of taxable income at a higher bracket saves you more tax than the same reduction at a lower class. So let's compare the tax saving of contributing $1000 by one person with a $30,000 income with exactly what a single person with a $100,000.
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