Learn Concerning A Tax Attorney Works: Difference between revisions
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Revision as of 09:31, 11 November 2024
The HVUT, or Heavy Vehicle Use Tax, is an annual tax paid by truck drivers or owners of trucking companies. It applies to drivers operating automobiles on our nation's highway, and many money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new projects.
What is the rate? In the rate or rates enacted by Central Act almost every Assessment Calendar months. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable towards tax payer.
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