a man's annual salary is $45000, his tax-free allowances total $13000. He has to pay a tax of 20% on his income. Is the tax payable $64000?
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Income Tax has been in force in different forms since years. ... Consequently, tax for the income earned in the previous year is paid in the current ... 500 till his salary reaches Rs. 45,000.
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its tiugh to have that much salary
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