What Is Provisional Tax? Provisional tax is unrelated to provisional income. Provisional tax is a method of paying tax liabilities in advance to make sure that the tax payer is not burdened with a large tax debt at the end of the assessment. In this context, provisional tax is simply prepai...
GST is a newly passed bill which calls for a common tax over the nation and just one single type of tax filtering ll the extra and indirect taxes. It will replace VAT, service tax and excise in every business that will have to mandatorily register under it. The cost of tax on all ...
However, unlike many other unitary states, Canada as a federation does not have a national health insurance plan but has 6 federal, 10 provincial and 3 territorial tax-payer funded plans in addition to thousands of private insurance plans. Health Canada, the government Ministry charged with ...
It contains details regarding the salary paid by the employer to the employee in a financial year and the income tax that has been deducted from the salary of the individual by the payer. The TDS, so deducted, by the employer is deposited with the Income Tax department and Form 16 in tur...
Allowance is defined as a fixed quantity of money or other substance given regularly in addition to salary for meeting specific requirements of the employees. Some allowances are taxable, some are partially taxable and some are tax free. There are various Kinds of Allowances that one can get ...
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