Tax Vocabulary Words:
1. Revenue (राज्य की आय): money collected by governments to provide goods and services to the public.
2. Tax (कर): required payments of money to governments used to provide public goods and services.
3. Tax liability (कर - देयता): the amount of tax that you owe.
4. Progressive tax (जब आमदनी के साथ कर भी बढ़ता जाता है): tax where the rate increases as income increases.
5. Standard deduction (मानक कटौती/कानून द्वारा निश्चित करी गयी एक रकम जोकि कर तय करने से पहले आपकी पूरी आमदनी में से काटी जाती है): an amount fixed by law and based on filing status that can be subtracted from your total income before tax is determined.
6. E - filing (internet के माध्यम से टैक्स भरना): filing your tax return via the internet (electronic filing)
7. Subsidies (सरकार द्वारा आर्थिक सहायता आर्थिक गतिविधि की सुरक्षा करने के लिए): government payment made to encourage or protect a certain economic activity.