If a cancellation is requested post the issuance of the policy, the Company shall refund the premium
amount after deduction of the expenses incurred on medical examination and / or stamp duty, as applicable.
Not exact matches
PEP is the phaseout of the personal exemption and Pease (named
after former U.S. House Representative Donald Pease) phases out the value of most itemized
deductions once a taxpayer's adjusted gross income reaches a certain
amount.
An indexation allowance may be available to such a holder to give an additional
deduction based on the indexation of its base cost in the shares by reference to U.K. retail price inflation over its holding period (but note that, in respect of disposals on or
after 1 January 2018, the U.K. Government announced plans in the Autumn Budget 2017 to freeze indexation allowance at the
amount that would be due based on the retail price index for December 2017).
A lot of people just look at the
amount of mortgage interest they pay or the stated rate without figuring out what they are really paying
after accounting for the
deduction.
For example, if your weekly income
after deductions are taken out is $ 300, your employer would be required to calculate the
amount due under the two formulas: (1)($ 300 — 217.50 = $ 82.50) or (2)(25 % of $ 300 = $ 75) and pay the creditor the smaller
amount.
The limitation on itemized
deductions (sometimes called «Pease»
after the Ohio congressman who proposed it) reduces
deductions for high - income taxpayers by 3 percent of the
amount by which their AGI exceeds a threshold — $ 261,500 in 2017 ($ 287,650 for heads of household, $ 313,800 for married couples filing jointly, and half of that for married couples filing separately)-- but not by more than 80 percent of
deductions claimed.
The
amount is, however, GH cents 248 less than the GH cents 452 the trainees were receiving
after deductions before the allowance was scrapped
For Lane Crawford Privilege Card holders, minimum purchase
amount for qualifying transactions to receive the Voucher is calculated
after deduction of Privilege Card regular discount i.e. on the net purchase
amount.
The calculation of the Foundation
Amount takes into account the Contracted ‑ Out
Deduction, so someone who has the 35 qualifying years required for the full nSP may have a Foundation
Amount which is less than full nSP
after taking account of the Contracted - Out
Deduction.
You would have created wealth almost 2.5 times of your Investment
amount after 10 years and additionally, you would have got a tax
deduction under Section 80C of the Income Tax Act, India.
Married filing separately status, meanwhile, receives a partial
deduction up to $ 10,000 of income with no
deduction after that
amount.
For tax years
after 2017, mortgage interest
deduction for new mortgages is limited to the
amount of interest on up to $ 750,000 of borrowed money.
Residual income is the
amount of money available to the borrower
after all
deductions, withholdings, housing and installment debt are subtracted from the gross monthly income.
For calculating your maximum wage garnishment
amount, your disposable income is generally your income
after legally required
deductions like taxes and social security.
After you have completed your payroll calculations, including withholding, deductions, and payroll tax amounts, after you have paid employees, you next task is creating payroll rec
After you have completed your payroll calculations, including withholding,
deductions, and payroll tax
amounts,
after you have paid employees, you next task is creating payroll rec
after you have paid employees, you next task is creating payroll records.
Because at the time of conversion, that is a taxable event making the entire
amount considered «
after tax» contributions to the Roth IRA, just like your normal
after tax contributions to the Roth IRA (even though we won't actual pay tax because we'll rollover
amounts within our
deductions and exemptions).
Other voluntary
deductions are post-tax
deductions, which means your employer subtracts the cost of the benefit from your net wages — the
amount of pay left
after taxes and pre-tax
deductions are subtracted.
Disposable earnings refers to the
amount of earnings left over
after mandatory federal, state and local
deductions.
The federal wage garnishment law states that for the purpose of wage garnishment, disposable earnings is the
amount of money you have left
after subtracting
deductions required by federal, state and local laws from your paycheck.
Tax experts estimate that failure to claim the Income in Respect of Decedent (IRD)
deduction can result in a tax rate of 80 % or more on the inherited
amount, broken down to a combination of estate taxes paid by the deceased IRA owner and federal / local state taxes paid by the beneficiary who inherits the assets
after the death of the IRA owner.
Since the W - 2 and property rule phase in
after $ 157,500 (single, HOH, MFS) or $ 315,000 (MFJ), then your
deduction amount is impacted by the phase - in calculation percentage for the W - 2 and property rules.
Net income is the
amount of money you receive
after taxes and other
deductions (health and life insurance, 401k contributions, etc.).
The tax tables issued by the federal government and many state governments determine what
amount of tax you owe based on your net income
after deductions and exemptions.
Qualified fishing property is also eligible for the enhanced lifetime cumulative capital gains
deduction limit to $ 1 million, effective for dispositions of qualified fishing property
after April 20, 2015.39 Similar to the rules for farm property and small business shares, the available capital gains
deduction will be reduced by the
amount of capital gains
deductions claimed on other property.
My wife and I took the Tuition and Fees
Deduction in 2015
after receiving a 1098 - T from her accredited University that had box 2 (
Amounts billed for qualified tuition and related expenses) as $ 5603.80.
The
after - tax
amount available is in the form of lump sum distribution
after the
deduction of federal taxes and the original investment
amount in a 32 % tax bracket.
Calculate employee take - home pay, which is the
amount they earn
after income tax, FICA, health insurance
deductions, retirement fund payments, child support, etc..
«Disposable earnings» means that part of the earnings of a debtor remaining
after deduction of
amounts required by law to be withheld, and disposable earnings shall not include periodic payments pursuant to a pension, retirement, or disability program.
The
amount of tax on the 401k withdrawal will be based upon including that withdrawal along with all of your other income for the year, and then applying the tax brackets to the result (
after deductions and exemptions).
This is the
amount of your paycheque
after taxes and other
deductions.
Imagine a single retired individual in 2016 who is in her mid 60s and has $ 60,000 of Adjusted Gross Income, reduced by a $ 7,850 standard
deduction (including the over-age-65
amount) and a $ 4,050 personal exemption down to $ 48,100 of taxable income
after deductions, which places her in the 25 % individual tax bracket.
C = The taxable component of the lump sum calculated under sections 307 - 120 and 307 - 125 of the ITAA 1997, as if no
deduction under subsection 295 - 485 (2) of the ITAA 1997 were allowed,
after excluding the actual (if any) insured
amount for which
deductions have been claimed under sections 295 - 465 or 295 - 470 of the ITAA 1997.
The rules for the mortgage interest
deduction have changed somewhat thanks to tax reform: The
deduction is now capped at mortgage
amounts of $ 750,000, though if you have an existing mortgage that's larger than that, you'll still be allowed to deduct the interest (the new limit applies to mortgages acquired
after 2017).
Effective for taxable years beginning on or
after January 1, 2016, you may claim a
deduction for the
amount contributed during the taxable year to an ABLEnow account entered into with the Virginia College Savings Plan.
On tax returns, «taxable income» is your income
after subtracting all adjustments,
deductions and exemptions — that is, the
amount on which your tax bill is computed.
+ read full definition and government grants are taxable incomeTaxable income The
amount of income you have to pay tax on,
after tax credits and
deductions.
A «presumption of abuse» will arise if: (1) the debtor has at least $ 182.50 in current monthly income available
after the allowed
deductions (this equals $ 10,950 over five years) regardless of the
amount of debt, or (2) the debtor has at least $ 109.59 of such income ($ 6,575 over five years) and this sum would be enough to pay general unsecured creditors more than 25 % over five years.
However, the 50 percent rule is applied only
after determining the
amount of the otherwise allowable
deduction.
The benefit gained was the total value of the property or advantage obtained, not the defendant's net profit
after deduction of expenses or any
amounts payable to coconspirators.
Woe unto the lawyer who advises a client to accept a settlement without advising the net
amount to be received
after deduction of tax.
The
amounts recovered will be distributed to the public bodies in proportion to their loss,
after deduction of expenses related to the implementation of the Bill.
In general terms, the formula calculates the net disposable incomes of each party,
after paying taxes,
deductions and the children's costs, and then calculates the
amounts of spousal support to be paid that would leave the recipient with between 40 and 46 % of the total of the two parties» net disposable incomes.
For an insurance company their investment income is the
amount of money earned from premiums and any other investments they hold
after the
deduction of claims and benefits paid out to their policy holders.
Your adjusted income is the
amount you make
after factoring other
deductions & retirement contributions.
After the
deduction of the cost of your insurance, any excess
amount grows in value as interest is credited.
In case your term insurance policy is issued on or
after April 1, 2012, then tax
deduction is applicable only for the total premium
amount valued up to 10 % of the maximum sum assured.
If you satisfy all conditions, premiums that you have paid for your bike insurance will be refunded to you
after a certain
amount of
deduction.
For example: Consider your annual premium to be Rs 40,000 &
after deduction of Premium Allocation Charges of Rs 2000, the
amount going into investment in equity fund is Rs 38,000.
He is paid an
amount after taking into account the current value of the car and also certain
deductions were made.
The final
amount is your premium
after deduction of charges.