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Conversely, earned income abroad, and a second income from foreign securities, rental, or other activities abroad, could be excluded from U.S. taxable income, or foreign taxes paid thereon, used as credits against Oughout.S. taxes due.

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3 A 3. All individuals fork out tax @ 15.00 % of salary over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in dynamics and income.

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