Money Doesn’t Come Without Guidance ...
Income tax is calculated on the basis of a taxpayer’s taxable income. The taxable income is calculated by deducting allowable deductions from the taxpayer's total assessable income for the year in which income tax is levied on the income earned in a specific financial year.
Deductions are a very important component of the annual tax return as the more the deductions, the bigger the tax refund are. Taxpayer is allowed to claim deductions for work-related expenses taxpayer incurred while performing taxpayers job as an employee which must not be private, domestic or capital in nature. Below are some items which can be included in other work related expenses which taxpayer’s incurred as an employee and have not been already claimed:
Below are some items that Taxpayer’s cannot claim as other work-related expenses: