The income tax department gives you many different options to save income tax! But, do you know how to save maximum income tax? If your income exceeds a basic exemption limit, you are liable to file an income tax return for the financial year regardless of the tax liability. But, you have various options [...]
The National Health Insurance Scheme runs under the management of the National Health Insurance Management Authority which is widely referred to in its short form as NHIMA. NHIMA commenced the implementation of the National Health Insurance Scheme (NHIS) on 1st October 2019. Its primary objective is the provision of access to quality essential health-care access to its citizens, as its motto says - 'Leave no one behind'. NHIS applies to all Zambians and established residents in the country.
The National Social Security Fund is a friendly service organization that exists for the public good. It offers social protection to all workers in Tanzania, in the private sector. NSSF register members, receive their contributions, manage funds of the scheme, process, and ultimately pay out benefits to eligible members or dependents.
Workers Compensation Fund is a social security scheme established to provide for adequate and equitable compensation for employees who suffer occupational injuries or contract occupational diseases arising out of and in the course of their employment and in case of death, for their dependants.
Individuals, whether resident or non-resident in Jordan, are taxed based on income earned in the kingdom from all taxable activities, including income from employment, business (either as sole proprietors or as partners), rental income, and directors’ fees. The rates of tax on the annual taxable income of individuals are progressive and range from 5% to 30%. An additional 1% national contribution tax applies for individuals on income exceeding JOD 200,000.
The General Organization for Social Insurance (GOSI) is a Saudi Arabian government agency concerned with social insurance in the country. GOSI is supervised by a board of eleven directors from government departments, employers, and insured persons. GOSI enjoys administrative and financial independence. fourteen-member Board of Directors, supervises GOSI.
Individuals are considered a resident for taxation purposes if they are present in Egypt for more than 183 days in a fiscal year; are deemed to have a permanent abode in Egypt; or are Egyptian nationals performing their work in a foreign country but being paid from an Egyptian source. Non-residents are subject to tax on income earned or realized in Egypt only, at the same rates as residents. Residents are taxed on their worldwide income if their center of commercial, industrial, or professional activities is in Egypt.
Personal income tax (PIT) is levied on wages and salaries at progressive rates. The brackets for the progressive payroll tax rates became between 2% and 25%, instead of between 2% and 20%, as per Article 23 of Budget Law 2019, which amended Article 58 of the Income Tax Law.
The Compensation Fund provides compensation for workers who get hurt at work, or sick from diseases contracted at work, or for death as a result of these injuries or diseases. This Workmen’s compensation is a compulsory form of insurance providing wage replacement and medical benefits to employees injured in the course of their employment.
The Unemployment Insurance Fund (UIF) gives short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption leave, or illness. The fund also provides relief to the dependents of a deceased contributor. The vision of the Unemployment Insurance Fund (UIF) is to strive to contribute to the alleviation of poverty in South Africa by providing effective short-term unemployment insurance to all workers who qualify for unemployment insurance and other related benefits.
