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Latest revision as of 19:06, 23 January 2025

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The more you earn, the higher is the tax rate on you actually earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned a few bracket of taxable income.

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There can be a few different forms of plans a person will find in the recent market. There are some plans are generally specific a good occupation also. But generally, these plans will provide you with 3/4th of the money you earned as wage or salary from work. You can ask for income protection coverage regardless of whether you are self employed. But in such cases, your coverage will be assessed within a slightly different way. It is be based on the taxable income you were earning if you made the claim for relief.

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