All the Personal Financail Planning software I found just like Personal Accounting or just a Retirement Calculator. Where can I find a real Personal Financial Planning software which covered everything included my clear dept planning, risk protection, education and retirement planning?
Hi, I can recommend you a piece of software I have been using lately and am quite happy with - Personal Finance Associate by Parcus Group. Simple to use software with features incl. budgeting, financial planning templates, shares valuation, real estate investments analysis, life insurance, taxation calculator etc.
In Singapore nothing is good enough yet. Fundsupermart should be the better among all.
How to have good Financial Planning for single income?
In the uncertainty world it looks difficult to have good financial planning for people who has single income. does anybody share with me?
First list all your expenses over a given time period like per month. Next list your income. Add both up--if your expenses are greater than your income you need to do one of two things. A: reduce your expenses or B: increase your income. Once you have your needs covered, you give yourself something to spend that's extra but not too much. Set up a regular savings plan with your bank. Even if it's only a few dollars per month going into a savings account, it will add up. Try not too look at it and let it grow so you will have it in case of a major emergency like losing your job or something like that. Seeing a huge sale on collector dolls on the shopping channel is not a major emergency. Once you learn to live within your means, everything else is downhill from there. You might buy a book on personal finance. They have lots of them at the local bookstore. Or you can just go to your local library and read them for free!
Sunday, June 6, 2010
Sunday, January 3, 2010
Progressive method that used to calculate the income tax?
What do u think about the Progressive method that used to calculate the income tax?
whats the advantages and the disadvantages of the Progressive method that used to calculate the income tax in the world , and i want to know if it is a fair method from an economic and accounting perspectives ?????? what do u think about the idea of Unification of the income tax rate in all the economic sectors .? thanks Additional Details i mean to make the income tax rate constant for all the sectors no matter of the amount of income that generate
Progressive taxation is a feature in any country's income tax. Plan on the concept not changing.
How do I calculate income tax for a minor owning his own business?
Does it vary depending on if your hired by a business or if youoen your business?
like anyone else who has a business the Sch C(which has no entry for age) will be your report of income and expenses when you determine what your net it you file a Sch SE(self employment tax, approx.15.3% of the 'net') and bring that forward to your 1040 as a minor you are not entitled to your personal exemption but you still have a limited amount of your standard deduction to apply
How do i calculate income tax for georgia?
i just want to know how much is deducted for minimum wage. i'm doing calculations and such, trying to see how much money can be saved being paid min. wage. how much is taken off in georgia? please help me out, no worthless answers please! thanks.
go to georgiairs.com
whats the advantages and the disadvantages of the Progressive method that used to calculate the income tax in the world , and i want to know if it is a fair method from an economic and accounting perspectives ?????? what do u think about the idea of Unification of the income tax rate in all the economic sectors .? thanks Additional Details i mean to make the income tax rate constant for all the sectors no matter of the amount of income that generate
Progressive taxation is a feature in any country's income tax. Plan on the concept not changing.
How do I calculate income tax for a minor owning his own business?
Does it vary depending on if your hired by a business or if youoen your business?
like anyone else who has a business the Sch C(which has no entry for age) will be your report of income and expenses when you determine what your net it you file a Sch SE(self employment tax, approx.15.3% of the 'net') and bring that forward to your 1040 as a minor you are not entitled to your personal exemption but you still have a limited amount of your standard deduction to apply
How do i calculate income tax for georgia?
i just want to know how much is deducted for minimum wage. i'm doing calculations and such, trying to see how much money can be saved being paid min. wage. how much is taken off in georgia? please help me out, no worthless answers please! thanks.
go to georgiairs.com
Tuesday, December 29, 2009
Where can I find an estimated federal income tax withheld calculator?
You can use this site to get the information www.paycheckcity.com. First you need to register, no charges. It has many useful calculators. If you want to find out what your pay check will be then you can use this link: http://www.paycheckcity.com/netpaycalcreg/netpaycalculator.asp First select the year and State and then enter your income and deduction info.
Can anyone send me link to Free income tax calculator for financial year 2008 2009?
If you are looking for a tax calculator for assesment year 2009-2010 you can use the following link to download the excel sheet http://www.diskovery.co.in
Can anyone send me Income tax rate 2008-2009 and also income tax calculator for 2008 2009?
You can download the income tax calculator with the income tax rate in the excel sheet format from the following site http://www.diskovery.co.in
Where can I get Updated Best free Income Tax calculator for 2008 2009 as per 2008 Budget in India?
You can Download 2008 2009 Income tax calculator for free from the following website http://www.diskovery.co.in
Can anyone send excel file with 2008 2009 Income Tax calculator ,ULIP planner ,House loan calculator?
I found a excel attachment where you can calculate Income tax , ULIP planner , 178 year calender and Home loan Calculator from web please find the web address http://www.diskovery.co.in
Can anyone send me link to Free income tax calculator for financial year 2008 2009?
If you are looking for a tax calculator for assesment year 2009-2010 you can use the following link to download the excel sheet http://www.diskovery.co.in
Can anyone send me Income tax rate 2008-2009 and also income tax calculator for 2008 2009?
You can download the income tax calculator with the income tax rate in the excel sheet format from the following site http://www.diskovery.co.in
Where can I get Updated Best free Income Tax calculator for 2008 2009 as per 2008 Budget in India?
You can Download 2008 2009 Income tax calculator for free from the following website http://www.diskovery.co.in
Can anyone send excel file with 2008 2009 Income Tax calculator ,ULIP planner ,House loan calculator?
I found a excel attachment where you can calculate Income tax , ULIP planner , 178 year calender and Home loan Calculator from web please find the web address http://www.diskovery.co.in
Monday, December 28, 2009
How to avail income tax exemption in india?
I am paying around Rs. 250000/- as income tax there is any option to get exemption in paying tax.
Buddy, As per the IT regulations, there are certain deductions that are allowed on the income earned by an individual. These amounts can be subtracted while arriving upon the net taxable salary of an individual. They are HRA, LTA etc. The Income Tax laws allow all individuals who are assessed for income tax exemption from income tax under the following heads. Section 80C The section 80C of the IT laws provide exemption from income tax on amounts that are invested by the individual. This usually includes the amount the individual invests in certified instruments that are exempt from tax There are a lot of other section using which you can reduce your tax.
What is the exemption in Income Tax for repayment of Education Loan taken for Higher Studies of my son?
I have repaid Education Loan taken from a Bank for higher eduction of my son. How much tax exemption can I get this year and under which section ?
Under section 80E, If you are an Individual, for the assessment year 2008-09 and subsequent years, you can get deduction from your Gross total income, for all the interest paid on such loan (100%). But you cannot get any deduction for repayment of principal. The interest can be deducted for the initial assessment year and for seven successive years, or until the interest is paid in full, which ever is earlier.
Buddy, As per the IT regulations, there are certain deductions that are allowed on the income earned by an individual. These amounts can be subtracted while arriving upon the net taxable salary of an individual. They are HRA, LTA etc. The Income Tax laws allow all individuals who are assessed for income tax exemption from income tax under the following heads. Section 80C The section 80C of the IT laws provide exemption from income tax on amounts that are invested by the individual. This usually includes the amount the individual invests in certified instruments that are exempt from tax There are a lot of other section using which you can reduce your tax.
What is the exemption in Income Tax for repayment of Education Loan taken for Higher Studies of my son?
I have repaid Education Loan taken from a Bank for higher eduction of my son. How much tax exemption can I get this year and under which section ?
Under section 80E, If you are an Individual, for the assessment year 2008-09 and subsequent years, you can get deduction from your Gross total income, for all the interest paid on such loan (100%). But you cannot get any deduction for repayment of principal. The interest can be deducted for the initial assessment year and for seven successive years, or until the interest is paid in full, which ever is earlier.
Thursday, December 24, 2009
Income tax deduction u/s 88?
I Harindar Kumar Gupta want know about Deduction of Income tax under section 80 ccc to 80 u. I want know about other Deduction u/s 88 , Harindar Kumar Gupta Noida-201301
Sec.88 is a redundant section now
Income Tax Deduction as a Minor?
Hellos, Before reading: I'm 17 and I'm giving you a scenario of assumptions and accusations, reply accordingly if you will, it will be much obliged. Okay Assume I live in Arizona, and assume I apply for a job at Kohl's with no prior work experience (as it is not required.) Assume that they higher me and assume Arizona's Minimum Wage is $ 6.90 and assume that starting salary in this business is MW + $ 0.40, which is $7.30. Okay, and assume I work 32 hours a week, 32 * $ 7.30 = $ 233.60 Note: Remember I'm 17, I'm not sure if there's any bonus to being a minor in this area (tax returns, etc), if there is, do tell. My question to you: What would my income tax deduction be, and the finalized pay check would equal out to what? Now assume I'm employed for 15 weeks. Around what amount money would I rake in (I know it depends but, given that information, what can you conclude?)
Pub 15 (Circular E) will tell you more than you want to know. http://www.irs.gov/publications/p15/index.html But to answer-I am assuming that you are paid every other week. If not, just look it up in the table. 467.20 at single/0 is (31.90+5.73) income tax, 35.74 FICA (0.0765%) 467.20 - 74.37 = 392.83 take home pay. For two weeks. Filing, if your parents can claim you as an exemption, you have to file without claiming yourself, just a warning.
Sec.88 is a redundant section now
Income Tax Deduction as a Minor?
Hellos, Before reading: I'm 17 and I'm giving you a scenario of assumptions and accusations, reply accordingly if you will, it will be much obliged. Okay Assume I live in Arizona, and assume I apply for a job at Kohl's with no prior work experience (as it is not required.) Assume that they higher me and assume Arizona's Minimum Wage is $ 6.90 and assume that starting salary in this business is MW + $ 0.40, which is $7.30. Okay, and assume I work 32 hours a week, 32 * $ 7.30 = $ 233.60 Note: Remember I'm 17, I'm not sure if there's any bonus to being a minor in this area (tax returns, etc), if there is, do tell. My question to you: What would my income tax deduction be, and the finalized pay check would equal out to what? Now assume I'm employed for 15 weeks. Around what amount money would I rake in (I know it depends but, given that information, what can you conclude?)
Pub 15 (Circular E) will tell you more than you want to know. http://www.irs.gov/publications/p15/index.html But to answer-I am assuming that you are paid every other week. If not, just look it up in the table. 467.20 at single/0 is (31.90+5.73) income tax, 35.74 FICA (0.0765%) 467.20 - 74.37 = 392.83 take home pay. For two weeks. Filing, if your parents can claim you as an exemption, you have to file without claiming yourself, just a warning.
Where would I find an income tax deduction chart?
Tax Deduction Question? Can you claim water damages that Insurance Company didn't pay as loss on Income Tax?
I had water damage on the ceiling in my kitchen, according to the insurance company's estimate, the damages would cost about 850.00 to repair...my deductible was 1,000. Can I claim the 850.00 that I have to pay for repairs as a Tax Deduction/Loss on my income tax?
If your water damage was a "sudden event" and not the result of a slow leak, the damage could be claimed as a loss. However, the IRS has added a few rules. First you subtract $100 from the loss, your's is now $750. Then you subtract 10% of your adjusted gross income. If you made more than $7500 , then you would not be able to deduct any of the loss. There is no $1000 limit for casualty losses.
Where would I find an income tax deduction chart for the state fo Michigan?
I am planning to be a truck driver and need to deduct taxes from my paycheck myself.
contact the Franchise Tax Board or whatever agency is in charge of collecting taxes in Michigan. I live in California, and that's what California calls their tax collecting agency. You may also want to contact the IRS (Feds) to get a Fed tax deduction table.
I had water damage on the ceiling in my kitchen, according to the insurance company's estimate, the damages would cost about 850.00 to repair...my deductible was 1,000. Can I claim the 850.00 that I have to pay for repairs as a Tax Deduction/Loss on my income tax?
If your water damage was a "sudden event" and not the result of a slow leak, the damage could be claimed as a loss. However, the IRS has added a few rules. First you subtract $100 from the loss, your's is now $750. Then you subtract 10% of your adjusted gross income. If you made more than $7500 , then you would not be able to deduct any of the loss. There is no $1000 limit for casualty losses.
Where would I find an income tax deduction chart for the state fo Michigan?
I am planning to be a truck driver and need to deduct taxes from my paycheck myself.
contact the Franchise Tax Board or whatever agency is in charge of collecting taxes in Michigan. I live in California, and that's what California calls their tax collecting agency. You may also want to contact the IRS (Feds) to get a Fed tax deduction table.
Tuesday, December 22, 2009
How are securities tax under the Income Tax Act(India)?
Under the Income Tax regulations, how are capital gains from securities taxed. What is the process of filing tax for these transactions with the Income Taz department
Short Term Capital Gains (STCG) from sale of shares through recognized stock exchange or units of equity MFs with STT paid are taxed @ 15% Short Term Capital Loss (STCL) from sale of shares through recognized stock exchange or units of equity MFs with STT paid can be adjusted against any Short Term Capital Gains (STCG) or Long Term Capital Gains (LTCG). Long Term Capital Gains (LTCG) from sale of shares through recognized stock exchange or units of equity MFs with STT paid are tax free. Long Term Capital Loss (LTCL) from sale of shares through recognized stock exchange or units of equity MFs with STT paid can be adjusted against Long Term Capital Gains (LTCG) from sale of shares through recognized stock exchange or units of equity MFs with STT paid. In your ITR you have to declare Capital Gains under Schedule CG. HMT
Is All winnings from contests are subject to tax deduction at source under section 194B of Income Tax Act-1961?
My Question is: what are responsibiltes of Organizer/Host of such event. or is it all responsibilty of winner contestant to pay tax . What if contestant is student above 18 .
Short Term Capital Gains (STCG) from sale of shares through recognized stock exchange or units of equity MFs with STT paid are taxed @ 15% Short Term Capital Loss (STCL) from sale of shares through recognized stock exchange or units of equity MFs with STT paid can be adjusted against any Short Term Capital Gains (STCG) or Long Term Capital Gains (LTCG). Long Term Capital Gains (LTCG) from sale of shares through recognized stock exchange or units of equity MFs with STT paid are tax free. Long Term Capital Loss (LTCL) from sale of shares through recognized stock exchange or units of equity MFs with STT paid can be adjusted against Long Term Capital Gains (LTCG) from sale of shares through recognized stock exchange or units of equity MFs with STT paid. In your ITR you have to declare Capital Gains under Schedule CG. HMT
Is All winnings from contests are subject to tax deduction at source under section 194B of Income Tax Act-1961?
My Question is: what are responsibiltes of Organizer/Host of such event. or is it all responsibilty of winner contestant to pay tax . What if contestant is student above 18 .
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