Question

how do taxes and other deductions affect your income explain​

Answer 1

Answer:

Your income is equal to the sum total of earnings deducted by expenditure. The earned income is further deducted by the government in order to procure different taxes for national constructions, the functioning of different schemes, etc. It has been noted that companies that should fall in organised sector work in the unorganised sector so as to evade different taxes. This shows that income is severely affected due to the taxes. Every person wants to save himself from the spectrum of taxes. Hope it helps!!

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