Is Income Tax raised again??
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IRAS now charges $900/- for the first $40,000/- of income!!! WTF??
I am sure it was not $900/- last year, I think not even $700/-.
But fark I didn't keep my last year's income tax assessment so I can't be sure how much IRAS charge for the furst $40K last year.
Anyone recalls?
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no idea... ur deductions not enuiff?
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Originally posted by BrUtUs:
no idea... ur deductions not enuiff?
same dedcution for the past 4 years. No helping much.Next year will be different..bcoz I will be claiming for my baby
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Originally posted by Troy437:
same dedcution for the past 4 years. No helping much.Next year will be different..bcoz I will be claiming for my baby
the secret weapon.... oh when coming? but ur wifey also need to deduct rite... -
Originally posted by BrUtUs:
the secret weapon.... oh when coming? but ur wifey also need to deduct rite...
My baby now also 5 month old liao.I can claim for her yet as she is born this year.
My wife...housewife now.
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Back to my question.
How much IRAS charge for the first $40K of income last year?
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Originally posted by Troy437:
Back to my question.
How much IRAS charge for the first $40K of income last year?
iras webby dun hv? -
1st 30k, 350 dollars...
next 10k @ 5.5% ??
not sure where's the limit...
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Do you hold any shares in SGX?
The previous year's tax could be less because of tax refunds associated with S(44) [i.e. dividends paid by company taxed at higher corporate tax rate, they refund you the difference between your marginal tax and the corporate tax].
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I asked around and my colleagues pay lesser as they have parents and child claims, while my claims doesn't help much.