I need information about Income Tax rules for 2006-2007 assesment year for Individulas and tax savings?
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refer v.k.singhania's students' guide to income tax\na.y-2006-07
311660
Try the IRS website. . .you should be able to get your info there.
34538
Go to the irs web site and there you will be able to get the answers you need.
92033
The 2005 tax rate table for individual income is here: http://www.sctax.org/NR/rdonlyres/15E88583-DA85-4ADC-AFB8-94864DC253A1/0/2005IITrates.pdf\n\nCorporate tax rate is here: http://www.sctax.org/Tax+Information/Corporate+Income+Tax/CorporateTaxRates.htm
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Unless you know exactly what your income and deductions will be, it is difficult to break even, but using 2005's information you should be able to make a pretty good estimate of how much tax you will pay in 2006. Use that estimate to set your withholding. \n\nI do this every year and shoot for a slight surplus ($300 or so).
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Go to http://finance.yahoo.com/taxes  \nHere your will find lots of info about tips, dates, guides.\nI made it my homepage, and never mist another deadline.\nUse tax Act (is free) or Turbo tax and dont miss the deadline next time.\nHope you find this site as helpful as it was to me!
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check with your state website they usually have any form, furmulas needed for figuring taxes for businesses for federal you can check the irs website
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consult http://www.irs.gov\nIt depends on your income level. Likely you'll use the 1040 form if you're just filing personal income taxes.
416882
Go to www.irs.gov  The have that information online
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Here is your info\nhttp://www.tax.state.ny.us/
649160
your tax professional can tell you. it depends on your age, income and whether or not each of you is a participant in a qualified plan through your employer. irs.gov is a great reference.
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Sir Section 54 of the Income Tax Act 1961 gives the details of saving tax it goes that you have either to purchase bonds as you mentioned but it wont help as those bond would have to be reinvested in same Capital asset rather you can go for another same type of asset of same value you have 3 years from the date of sale or get your money invested in bond and keep renewing each tenure and the last option will be pay a tax and the correctly specifed rate
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http://www.thestreet.com/funds/taxforum/955718.html\n\nFor IRS (federal tax, not state) \n\nYou should file if you fit into any of the following categories.\n\nUnearned income, like interest and dividends, exceeds $700 annually; or \n\nEarned income, like wages and tips, is over $4,400 a year; or \n\nThe total of unearned and earned income is greater than the larger of (a) $700, or (b) earned income (up to $4,150) plus $250.
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http://www.irs.gov/individuals/article/0,,id=96596,00.html
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I was searching the net, and I got www.1040.com and it was very helpful. GOOD LUCK
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IRS guidelines for independent contractors may be found at:  http://www.irs.gov/businesses/small/article/0,,id=99921,00.html
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If a person have the income from salary the tax calculation will be as follow.\n\nA salary head person can investment upto 100000/- u/s 80C So he can invest upto 100000 and up to 100000 the income is tax free. if the person have the total salary 300000/- then he can save 100000( 80C) and up to 100000 No tax. on balance 100000 up to 50000 tax rate is 10% and above 20%. if balance income is more than 250000 then tax on balance income is 30%.