what is tax?
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Answer / rajesh jha
It is a certain amount of money that is recieved from a
worker at the end of every year. This money goes to the
government where it is then payed for things such as
hospitality and services etc
# At 1st it is a govt revenue
| Is This Answer Correct ? | 24 Yes | 10 No |
Answer / alka gupta
tax is a very beneficial resource for the govt that is
charged on a person's at a limit of
income................that is further used for the public
wellfare.
| Is This Answer Correct ? | 23 Yes | 9 No |
Answer / swapnil
Tax commited to govt on income of a tax payer.
| Is This Answer Correct ? | 22 Yes | 9 No |
Answer / rahul
They are a charge imposed by the government on people,
entities, or on property in order to raise revenue.
| Is This Answer Correct ? | 18 Yes | 5 No |
Answer / munna paswan
It is a financial charge which is charged by the Government
from the assessee. Assessee may be a person,artificial
juditial person,Trust,HUF,Etc.
| Is This Answer Correct ? | 19 Yes | 6 No |
Answer / max
a sum of money demanded by a government for its support or
for specific facilities or services, levied upon incomes,
property, sales, etc.
| Is This Answer Correct ? | 17 Yes | 6 No |
Answer / sudeep kumar das
Tax is an important source of revenue for both cental as
well as state Govt. The constitution of India prescribes
establishment of a socilistic pattern of society providing
Justice to all political,economic & social.
There r two types of Tax i,e Direct Tax and
Indirect Tax.
Direct Tax ia a type of tax the burden which cann't
shift on the head of other.and indirect tax is vice-versa.
direct tax is Excise Duty income Tax, corporate taxes,
income taxes, and transfer taxes, Gift Tax.
Indirect Tax are sales tax
| Is This Answer Correct ? | 16 Yes | 5 No |
Answer / sumon ahmed
Tax is a compulsory levy imposed by the government.people
pay to the government based on what they earn,what they earn
and what they purchase.
| Is This Answer Correct ? | 19 Yes | 9 No |
what do u mean by CRR?
21 Answers Aircel, EBE, Infosys, State Bank Of India SBI,
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
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