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Revisión del 07:20 22 oct 2024

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What will be the rate? At the rate or rates enacted by Central Act great Assessment 12. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable for the tax payer.

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The 'payroll' tax applies at a hard transfer pricing percentage of your working income - no brackets. Regarding employee, get yourself a 6.2% of your working income for Social Security (only up to $106,800 income) and a single.45% of it for Medicare (no limit). Together they take additional 7.65% of the income. There's no tax threshold (or tax free) involving income for this system.

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