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How much Tax was deducted in your salary

 
Ranch Hand
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I my job hardest part is not coding BUT to understand the income tax deduction and how to save this... Most of my money goes for this only

Are there any goods books to learn how to reduce income tax in our salary...

Please also share good links if you have �
 
Sheriff
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Well, this might depend on where you're paying taxes. I've heard these things can vary in different parts of the world.

( :roll: )
 
Rancher
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I always considered taxes as the cost of living in society.
 
Abdul Kader
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i am staying in India.. so guys please let me know who know about the Indian Tax ...
 
author and iconoclast
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Maybe start here?
 
Ranch Hand
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Well, if you're salaried person in India - taxation is as simple as it could get! Try being on your won and then you'll realize how complicated taxes could get. Income tax is straight-forward for salaried Indians. What is it that you don't understand? 80C? Home Loan or something else? Ask specific questions and you'll get more useful answers.
 
Bartender
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The worst thing about working as an independent contractor was that I had to pay my taxes myself. It's one thing to get them deducted from one's paycheck, but to drag out the checkbook and write down all those digits.
 
Ranch Hand
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Taxation time here also in Singapore. Its so low here. I paid only 4% last year.

In USA, I run to a local tax helper company. Saves me thinking.
 
Ranch Hand
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Originally posted by David O'Meara:
I always considered taxes as the cost of living in society.



Yes, if you can model all the economic and political alternatives as a single binary dichotemy:

(A) living in society,

versus:

(B) not living in society

then the issue becomes much simpler to think about.
 
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To answer the original question:
"How much Tax was deducted in your salary"

...somewhere between 30 and 35%....

- of course thats not including GST ("Goods and Servces Tax") - of 10% on every purchase.
- and local council rates at ~$2000 a year....
 
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