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One more week until Tax Daytime. Have you filed yours yet? I haven't (probably should get on that, actually), upkeep I read in USA Today that roughly 47% of Americans won't even need to worry about paying federal income taxes, I start to wonder if I will even bother. Oh sure, there's the threat of prison time for tax evasion, but really, exactly what is the point if half the damn country isn't going to pay up and jump off scot-free?

What will be the rate? At the rate or rates enacted by Central Act there are numerous Assessment Tax year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable towards the tax payer.

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Tax can be a universal guarantee. Another tax-related certainty that's virtually universal is that single people pay more tax than their married brethren. Married couples with children pay even less tax. In fact, the more children you have, time frame your tax rate. Being fruitful and multiplying is not, however, widely considered to be a successful tax evasion campaign. It's far better to gird your loins and request out your chequebook.

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