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B) Interest earned, but not paid, throughout a bond year, must be accrued at the end of the bond year and reported as taxable income for your calendar year in the fact that bond year ends. 3 A 3. All individuals invest tax @ 15.00 % of earnings over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and revenue stream. The great part is the county is receiving their tax money to offer us with roads, fire and police departments, .

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