When should an NRI file tax return in India? - Firstpost

If you are an NRI, you may be unsure about filing a tax return in India. As a thumb rule, if your gross total income is more than Rs 2,50,000, before allowing any deductions(under section 80), you must file an income tax return in India. While resident senior citizens and super senior citizens enjoy higher exemption limits, maximum exemption limit of Rs 2,50,000 is fixed for an NRI irrespective...

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Website: firstpost.com

United Kingdom - Individual deductions - PwC

Detailed description of deductions for individual income tax purposes in United Kingdom

Worldwide Tax Summaries

Close topic

Employment expenses

Necessary business expenses (which are very narrowly defined) can be deducted from employment income and are not taxable if paid for or reimbursed by the employer. Travel to and from work is regarded as a private rather than a business expense and is not...

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Website: http://taxsummaries.pwc.com

Tax codes explained - inniAccounts

Knowledge hub

Tax codes explained

Everyone is issued with a tax code by HMRC so employers can calculate and deduct the correct amount of tax from salary payments.

On the face of it tax codes are simple, but there is sometimes more to them than meets the eye. Checking that your tax code is correct each year will ensure that you pay the correct amount of tax and avoid any unexpected tax...

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Website: https://www.inniaccounts.co.uk

Frequently Asked Questions - Louisiana Department of Revenue

Individual income tax returns submitted without payments should be mailed to:

Louisiana Department of Revenue

Baton Rouge, La 70821-3440

How can I check on the status of my individual income tax refund?

Taxpayers can check the status of their individual income tax refunds using the LDR Louisiana File Online Application , which is available anytime, day or night. To access the system, you will be...

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Website: http://www.rev.state.la.us

Frequently Asked Questions - Louisiana Department of Revenue

Individual income tax returns submitted without payments should be mailed to:

Louisiana Department of Revenue

Baton Rouge, La 70821-3440

How can I check on the status of my individual income tax refund?

Taxpayers can check the status of their individual income tax refunds using the LDR Louisiana File Online Application , which is available anytime, day or night. To access the system, you will be...

Read more

Website: revenue.louisiana.gov

IRS tax forms - Wikipedia

Main article: Form 1040

Form 1040, U.S. Individual Income Tax Return, is one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for personal (individual) federal income tax returns filed with the IRS. The first Form 1040 was published for use for the tax years 1913, 1914, and 1915. For 1916, Form 1040 was converted to an annual...

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Date: 2018-04-05 08:38:24
Website: https://en.wikipedia.org

Spain - Income Tax | KPMG | GLOBAL

Autonomous community tax rate table

Note: Each Autonomous Community has to approve its own scale of rates.�

Investment income and capital gains are taxed at a rate of 19 percent for amounts up to EUR 6,000, 21 percent for income in an amount between EUR 6,000 and EUR 50,000, and 23 percent for amounts exceeding EUR 50,000.


In general, non-resident taxpayers are taxed at the rate...

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Date: 2018-04-05 21:05:17
Website: https://home.kpmg.com

France - Income Tax | KPMG | GLOBAL

Capital gains income tax rate on securities sales,

including surtaxes***



 Capital gains are not taxed at the flat rate od 19% anymore.They are now subject to the progressive tax rate up to 45%

Top marginal rate on interest, dividends and rents

(including 45% income tax where applicable)



* These are considered income taxes on investment income, but social charges when...

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Date: 2018-04-05 21:10:29
Website: https://home.kpmg.com

Income Tax Return: How to claim income tax refund

As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 to claim the refund. The FY immediately succeeding a financial year is the relevant assessment year (AY) for that FY.

A person can file his/her return either by uploading the filled excel/java utility form or by providing the required data in the online forms (Only for those eligible...

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Date: 2018-04-05 18:12:10
Website: https://economictimes.indiatimes.com

Tax Rates & Allowances | 2017 - 2018 | Tax Innovations

Minimum married couples allowance**: £3,220

Maximum married couples allowance**: £8,355

Income limit for married couple's allowances: £27,700 (allowances are abated if income limit exceeded)

Blind person's allowance: £2,290

Personal savings allowance (basic rate taxpayers): £1,000

Personal savings allowance (higher rate taxpayers): £500

Income limit for age-related personal and married...

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Website: https://www.taxinnovations.com

Capital gains tax in Portugal - Financial Planning For UK ...

Portugal , Tax Planning , Capital Gains Tax

03 May 2017

We all want our assets to increase in value, but how much tax will you have to pay on the gain when you come to sell your property or investments? Your capital gains tax liabilities in Portugal depend on whether you are resident, non-resident or approved under the non-habitual residents regime.


If you are resident in Portugal you...

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Website: https://www.blevinsfranks.com

Taxation in New Zealand - Wikipedia

Hong Kong

Russian Federation

Some agreements protect pension payments as well. The agreement with the United States, for example, prohibits New Zealand from taxing American social security or government pension payments, and the reverse is also true. [14]

ACC earner's levy[ edit ]

All employees pay an earner's levy to cover the cost of non-work related injuries. It is collected by Inland Revenue...

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Date: 2018-04-05 20:48:30
Website: https://en.wikipedia.org

Marriage allowance and married couple’s ... - Whitefield Tax

Rules around the allowance, what happens on year of eligibility and on death.

Taxpayers living in the UK are entitled to a personal allowance and - if married or in a civil partnership - may also be able to claim marriage allowance or married couple's allowance too.

Below we examine rules regarding the allowance, what happens on year of eligibility and on death.

Marriage allowance


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Website: https://www.whitefieldtax.co.uk

Related topics : married tax allowance 2015 to 2016 / self employed income tax calculator 2016 / married tax allowance uk / married tax allowance / uk tax allowance 2015

The Consumer's Guide to Sales Tax - TaxJar

To calculate sales tax, use this formula:

Total item price x 1 + sales tax rate = total sales tax

For example, let's say you are buying an item priced at $10.00 and the sales tax rate is 6%.

$10 total item price x 1.06 = $10.60

Sales tax rates can vary from state to state and even within counties or cities. If you need to look up a sales tax rate, check out [TaxJar's Sales Tax Rate...

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Date: 2018-03-29 19:43:56
Website: https://www.taxjar.com

Tax Planner Spreadsheets - Taxvisor.com

Last Updated: April 4, 2018


Income Tax Planning Spreadsheets

A 2018 version is now available with the recently signed tax laws going into effect on January 1, 2018.

Don't be fooled by the lack of complexity of this web page.� The software available on this web site is amongst the most sophisticated and user friendly for planning your taxes.� We put our energies into the...

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Date: 2018-04-05 04:41:32
Website: http://www.taxvisor.com

Federal Insurance Contributions Act tax - Wikipedia

The Center on Budget and Policy Priorities states that three-quarters of taxpayers pay more in payroll taxes than they do in income taxes. [8] The FICA tax is considered a regressive tax on income with no standard deduction or personal exemption deduction. The Social Security portion of the tax is imposed on the first $117,000 in 2014, $118,500 in 2015 and 2016, $127,200 in 2017, and $128,400 in...

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Date: 2018-04-03 05:20:53
Website: https://en.wikipedia.org

How to estimate your tax refund - CNET

Software Leer en español

How to estimate your tax refund

Before filing your taxes, get an estimate of how big a refund you will receive or how much you owe.


Matt Elliott

March 30, 2016 1:23 PM PDT

With the calendar soon turning to April, it's time for all procrastinators to start thinking about filing their taxes.

This year, you have until Monday, April 18 to submit your tax return, thanks...

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Date: 2018-04-05 18:33:56
Website: https://www.cnet.com

10 Important Tax Dates for 2016 | The Fiscal Times

10 Important Tax Dates for 2016


January 15, 2016


Half the grunt work involving taxes is knowing how much time you have to get certain tasks done. Of course, you know the deadline to file taxes. (Or, do you? This year is different.) But there are other key dates that may affect your filing.

For example, Jan. 15 is the deadline for self-employed workers and others who pay...

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Date: 2018-04-05 18:28:17
Website: http://www.thefiscaltimes.com

What is a tax credit? - Tax planning guide GTC


What is a tax credit?

Several of the topics that follow refer to a tax credit. Although there's a substantial difference between a tax credit and a tax deduction, it's easy to get the two confused. A tax deduction reduces your taxable income, with the actual amount of tax saved depending on your personal marginal rate of tax.

A tax credit, on the other hand, is a deduction from tax owing....

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Website: http://www.taxplanningguide.ca

Company car BIK tax rates: How much will you pay? | Parkers

Company car tax can be confusing at times, especially if you're new to the scheme.

What isn't always clear is how much you should pay - here we attempt to demystify the calculations, plus include tips on how to keep your monthly bills low and explain some of the meanings behind that confusing jargon.

Why do we have to pay tax on benefits?

There are lots of perks to getting a company car; it's a...

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Website: https://www.parkers.co.uk

New York State and City Corporate Tax Reform: Implications ...

In 2014, New York state enacted comprehensive corporate tax reform and, in 2015, enacted legislation that significantly conformed the New York City Administrative Code to the state corporate tax reform provisions. While the rules affecting S-corporations and their nonresident shareholders have changed for the state as a result of corporate tax reform, the city's treatment of S-corporations has...

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Website: https://www.bna.com

IRS Tax Forms: 1040EZ, 1040A & More | E-file.com

Sign Up Free

Popular IRS Tax Forms You Should Know About:

Below is a list of some of the IRS tax forms that individuals may need and a brief definition of what they are used for. From the IRS 1040EZ to the IRS 1040A, there are many to navigate as an e-filer. While this represents just a small number of the forms the IRS may require from a taxpayer these are ones you are most likely to...

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Website: https://www.e-file.com

A blog about the unrelated business income tax - UBIT Blog

Welcome to the UBIT Blog

This is a blog about the unrelated business income tax (UBIT), which applies to most tax-exempt organizations. The blog will discuss new IRS and judicial developments and new and proposed legislation involving the UBIT. Attorneys, accountants, officers and directors of exempt organizations, and others interested in the UBIT will find the information useful and are welcome...

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Website: http://www.ubitblog.com

Budget 2018 – Key changes - Go Legal

The 2018 Budget was presented by Minister Malusi Gigaba before parliament on 21 February 2018.

The 2018 tax proposals are projected to raise ZAR36 billion.

The key changes announced are:

An increase in the value-added tax rate from 14% to 15%.

A below inflation increase in the personal income tax rebates and brackets, with greater relief for those in the lower income tax brackets.

An increase in...

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Website: https://www.golegal.co.za

Paying Taxes Reforms - Doing Business - World Bank Group

Doing Business Reforms


Properly developed, effective taxation systems are crucial for a well-functioning society. In most economies, taxes are the main source of revenue to fund public spending on education, health care, public transport, infrastructure and social programs, among others. Tax policy is one of the most contentious areas of public policy. A large...

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Website: http://www.doingbusiness.org

UK - Income Tax | KPMG | GLOBAL

rental income

trust income: and,

certain gains from offshore funds which do not report any arising income (i.e. it is all rolled up within the fund and reflected in an increased unit value) are also subject to income tax

Other types of income and capital receipts may also be subject to U.K. income taxes but are outside the scope of this document.

Employment income is taxable when received, or...

Read more

Date: 2018-04-05 10:57:57
Website: https://home.kpmg.com

Taxes Today.net, We Prepare and E-File your Income Tax ...

Happy Clients

Apply for an ITIN

An ITIN will serve as your identification number for filing your taxes. With certified tax professionals and Certified Acceptance Agents (CAAs), our office is well-equipped to guide you through the ITIN application.

So your ITIN tax ID not only helps you file a tax return, it ensures you get the refund you deserve as quickly as possible.


Read more

Website: https://www.taxestoday.net

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions ...

Click here to calculate Income Tax for the year 2016-17 (A.Year 2017-18)

Section 10 (13A) - Exemption in respect of HRA:

Under Sec. 10(13A), an employee who is in receipt of House Rent Allowance (HRA) can claim exemption, if he does not live in his own house, and pays rent in excess of 10% of his salary for his residential accommodation.

Exemption u/s 10(13A) is the least of the following


Read more

Date: 2018-03-31 17:38:32
Website: http://www.gconnect.in

Related topics : income tax act india section 24 / self employed income tax calculator 2016 / income tax rate calculator 2015 / income tax rate calculator / 2015 tax calculator taxable income

Company Car Tax guide 2015: Everything you should know!

Company Car Tax guide 2015: Everything you should know!

Business car tax may be a confounding thing to get your head around, so we've assembled a quick guide to help.

Company car tax is calculated differently to ordinary VED auto tax, based on more than just CO2 emissions. Emissions are still a variable but the car's list price, discretionary equipment, fuel kind, how you cover the car and when...

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Website: https://flexed.co.uk

Tax on benefits in kind - Citizens Advice

Tax on benefits in kind

This advice applies to England


How tax is declared and paid on benefits in kind

What are benefits in kind

Benefits in kind are benefits which employees or directors receive from their employment but which are not included in their salary cheque or wages. They are sometimes called 'perks' or 'fringe benefits'. They include things like company cars, private medical...

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Website: https://www.citizensadvice.org.uk

Tax Calculator - The 30% Ruling Specialists B.V. is a ...

Calculator 2016 details:

Are you subject to Dutch Social Security Tax?

In short you are insured in the Netherlands (Yes) unless you are assigned to the Netherlands by a foreign employer, work exclusively abroad for more than 24 months, or possibly when you work for 2 or more companies in more than one country (No).

In most cases you are insured for the social security in The Netherlands, that's...

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Website: https://www.the30ruling.nl

Corporate Tax Reform FAQs - Department of Taxation and Finance

Doing business with us

Corporate Tax Reform FAQs

These FAQs are meant to provide general guidance on topics of interest to taxpayers. However, taxpayers should be aware that subsequent changes in the Tax Law or its interpretation may affect the accuracy of an FAQ. The information provided in these FAQs does not cover every situation and is not intended to replace the law or change its meaning....

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Website: tax.ny.gov

CPABC - Tax Tips 2014 - bccpa.ca

Employment Income, Deductions, and Credits

Reducing Payroll Deductions

If you are making RRSP contributions, you might be able to reduce the income tax deducted from your pay cheque. Ask your employer to make the contribution(s) to your RRSP directly and deduct the payments from your salary. The employer calculates the required income tax withholdings based on the portion of your salary remaining...

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Website: https://www.bccpa.ca

How Superannuation Impacts Your US Expatriate Tax Return

David McKeegan �shares����

Editor's Note: This post was originally published in 2015 and has been updated for accuracy and comprehensiveness.�

So you have Australian superannuation and you also have a US expatriate tax filing requirement as a citizen or US resident: what do you do? Let's take a closer look at how superannuation is taxed by the US and Australia so you know what to...

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Website: https://www.greenbacktaxservices.com

Automated Tax-Loss Harvesting Strategy | Wealthfront ...

Wealthfront Tax-Loss Harvesting White Paper


This white paper summarizes the motivation, design and execution of Wealthfront's daily tax-loss harvesting service. Our actual results and historical backtests demonstrate that tax-loss harvesting significantly improves the tax efficiency and ultimately the after-tax return of Wealthfront's taxable portfolios. We believe tax-loss harvesting...

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Website: https://research.wealthfront.com

Cyprus Company Incorporation | €950 - Company Set Up

Tax Incentives

Cyprus has a significantly upgraded image as a jurisdiction since its EU Accession on 1 May 2004.

With the enactment of its New Tax Legislation on 1 January 2003 (including 3 amending laws, the last one in November 2004) and the abolition of the "offshore regime", Cyprus has put a simplified, effective and transparent tax system in place that is fully EU, OECD, FATF and FSF...

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Website: http://www.fbscyprus.com

Income Tax - City of Canton Income Tax Department

> > > Online Filing < < < - 2017 - Filing deadline is April 17th, 2018!

*** Online Payments! You can pay your taxes online too! ***

*** Pay now by Credit/Debit Card or by Check!!! ***

Currently requires a recent version of Internet Explorer.

Tax Year 2016 - Filing was due on April 18th, 2017. A $25 late filing fine and interest penalty may apply.

Tax Year 2015 - Filing was due on April 18th,...

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Website: http://www.cantonincometax.com

Related topics : late income tax filing penalty / late income tax filing deadline / late income tax filing / income tax filing online / filing income tax 2016

Chapter 5747: INCOME TAX - Lawriter - ORC - Ohio Laws and ...

5747.01 Income tax definitions.

Except as otherwise expressly provided or clearly appearing from the context, any term used in this chapter that is not otherwise defined in this section has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes or if not used in a comparable context in those laws, has the same...

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Website: http://codes.ohio.gov

Tax Return Filing (FAQs) - Germany Mantra

Tax Return Filing (FAQs)

Tax Return (Einkommensteuererklärung)

Because the financial year is from January to December, The tax return is filed after January of next year.

How much refund I can Get?

The chances of getting refund depends on certain factors.

As explained in the German Income tax system, you have possibility to get refund in case of conditions including

There are Business expenses...

Read more

Date: 2018-04-03 15:28:29
Website: http://itr.germanymantra.com

TD Tax-Free Savings Account (TFSA) | TD Canada Trust


TD Tax-Free Savings Account (TFSA)

TFSAs are great for long or short-term goals because your savings can grow more quickly when you don't have to pay tax on investment income.

How can a tax refund help you get to Europe?

Save it in a TD Canada Trust TFSA and see.

Call 1-866-222-3456

TD makes it easy to save

At TD, you'll find a range of Tax-Free Savings Accounts (TFSAs) to help you save...

Read more

Website: tdcanadatrust.com

Nevada Governor signs new "commerce tax" into law ...

Nevada Governor signs new "commerce tax" into law

Nevada commerce tax

If enacted into law, effective on July 1, 2015,6 SB 483 would impose a new annual "commerce tax" for the privilege of "engaging in a business"7 in Nevada.8 The tax would apply on an entity-by-entity basis on "each business entity whose 'Nevada gross revenue' in a taxable year exceeds  $4,000,000."9 For this purpose, the term...

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Website: https://www2.deloitte.com

penalty calculator - health insurance

Home | Obamacare | Will you owe a penalty under Obamacare?

Will you owe a penalty under Obamacare?

After growing in 2015 and 2016, the flat-rate penalty is unchanged for 2017 and 2018. But the maximum penalty is significantly higher. And yes, there's still a penalty for being uninsured in 2018.

Individual health insurance and health reform authority; broker

December 23, 2017

Do I Qualify?


Read more

Website: https://www.healthinsurance.org

2016 Payroll Tax Unchanged; Tax Brackets Nudge Up

2016 Payroll Tax Unchanged; Tax Brackets Nudge Up

Wages subject to Social Security FICA stay at $118,500; income tax ranges adjusted higher

� Reuse Permissions

Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and...

Read more

Date: 2018-04-05 18:41:56
Website: https://www.shrm.org

Form MA NRCR 2015 Nonresident Composite Return Instructions

Note: This form, and all accompanying schedules, must be filed electronically as required by 830 CMR 62.5A.1(11)(f)4 .

Who Must File

Massachusetts allows a partnership or an S corporation to file an electronic composite return on Form MA NRCR and make estimated tax payments as an agent on behalf of two or more qualified electing nonresident members. (Professional athletic teams who may file a...

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Website: mass.gov

Working Family Tax Credit - Minnesota Department of Revenue

The Minnesota Working Family Credit is a refundable credit for working individuals whose income is below a certain level. ( See Minnesota Statutes, section 290.0671 .) It is similar to the federal Earned Income Tax Credit (EITC) . Both credits are refundable, which means you can receive a refund even if you do�not�owe tax.

Who is eligible for this credit?

You must be eligible for the federal...

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Date: 2018-04-05 21:52:57
Website: http://www.revenue.state.mn.us

Tax Free Savings Account (TFSA) FAQs | TD Canada Trust

A: You can withdraw funds from your TFSA any time you want1 - you don't have to reach a certain age before you withdraw your money.

1Some restrictions may apply, depending on the investments chosen.

Q: Do I have to pay income tax on my withdrawals?

A: No, you don't have to pay tax on the amounts you withdraw.

Because TFSA withdrawals don't count as taxable income, they don't affect Federal...

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Website: tdcanadatrust.com

Related topics : tax credits benefit income / child canada tax benefit / child tax credit income limit / child tax credit income tax / child tax credit income

Accountants Desktop | Specially created for Tax ...

PAYGW Variation - Rent

FBT 2017 (6 Apr 2017)

We have added our fringe benefits tax calculator for use with all employer and fringe benefit types for the year ended 31 March 2017. �The workbook includes calculation of FBT payable where applicable, calculation of the value of benefits for an employee contribution and a summary of all benefits by type and employee.

FBT - Full Calculator


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Website: https://get.accountantsdesktop.com.au

Internal Revenue Bulletin: 2015-5 | Internal Revenue Service

This revenue procedure updates and revises the general procedures under § 446(e) of the Internal Revenue Code and § 1.446-1(e) of the Income Tax Regulations to obtain the consent of the Commissioner of Internal Revenue (Commissioner) to change a method of accounting for federal income tax purposes. Specifically, this revenue procedure provides the general procedures to obtain the advance...

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Date: 2018-04-05 19:44:33
Website: https://www.irs.gov

What's New For Tax Credits | Virginia Tax

In addition to any new tax credits, several changes to existing tax credits affect taxpayers filing their annual returns.

Coalfield Employment Enhancement Tax Credit

This credit expired Jan. 1, 2017

Food Crop Donation Tax Credit

Applications are due to Virginia Tax by Feb. 1. Use  Form FCD .

For taxable years beginning on or after Jan. 1, 2016, but before Jan. 1, 2022, any person engaged in...

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Date: 2018-04-05 18:47:03
Website: https://www.tax.virginia.gov

New Income Tax Rates And Deductions Applicable From April ...

House Rent Allowance under Section 10 (13A) of the Income Tax Act

House Rent Allowance, commonly known as HRA, makes up a major chunk of a salaried individual's total pay. HRA is partly exempted from tax. If you are staying in your own house or not paying any rent, your HRA will be completely taxable. However, those who stay with their parents can also claim HRA benefits by paying rent to their...

Read more

Date: 2018-04-05 23:51:11
Website: https://www.ndtv.com

Related topics : tax deduction insurance premiums / tax deductible insurance premiums / income tax allowance / tax income act / income tax rate calculator 2015