What is the tax allowance for 2009 to 2010?
| UK tax year date : 6th April 2009 – 5th April 2010 | |
|---|---|
| Income Tax Rates | 2009 – 10 |
| Basic tax rate | 20% £0 – 37,400 |
| Higher tax rate | 40% Over £37,400 |
| Income Tax Allowances | (£) |
What was the corporation tax rate in 2009?
For example, PricewaterhouseCoopers (2011) estimated that the U.S. effective corporate tax rate, averaged over 2006 to 2009, was 27.7 percent, while the average effective tax rate for 21 OECD countries was 23.5 percent.
What is the current rate of service tax in India current class 10?
Service tax @10% will be Rs. 10 and Education Cess @2% of the Service Tax will be Rs. 0.20 and Secondary & Higher Education Cess @1% of the service tax will be 0.10.
What is the rate of service tax?
15%
Calculation of Service Tax From the 1st of June 2016, service tax is levied at 15% of the value of taxable services under Section 66 of the Service Tax Act. The 15% includes 0.5% Krishi Kalyan Cess and 0.5% Swach Bharat Cess.
What was the personal tax allowance in 2010?
[6] In 2010/11 the higher rate threshold (HRT) was £43,875: the personal allowance of £6,475, combined with the basic rate limit of £37,400).
What was the tax free allowance in 2010?
1 All taxpayers are eligible for this tax- free allowance – which represents the amount of income someone may earn before paying any income tax. The allowance was set at £6,475 for 2010/11.
What is the corporation tax for 2020?
19%
At Budget 2020, the government announced that the Corporation Tax main rate (for all profits except ring fence profits) for the years starting 1 April 2020 and 2021 would remain at 19%.
Who is liable for Service Tax?
service provider
05. Person liable to pay service tax The tax is normally payable by the service provider. However law empowers the Government to notify a person other than the service provider to pay the service tax.. In some of the cases liability of payment of service tax has been shifted to the service provider.
How do you calculate service tax?
How Do I Calculate Service Tax? The amount of tax that can be levied is calculated as a percentage of the charges received/paid for the provision/receipt of services. Service tax is levied at the rate of 15% of the value of taxable services.