January 2011’s payslip

I remember vividly an old priceless"Wizard of Id" comic from way back:The first frame showed a horse rider, sent by the king, galloping into town yelling "Hear all". When the townspeople gathered around he anounced "I was sent to rid the land from wretched infidels. In order to pay for the expense I hereby levy …

Additional tax changes in 2011

 Tax credits value of tax credit point                                209 shekels qualifying income ceiling for section 45 alef   8,200 shekels 25% credit ceiling                                        143.50 shekels 35% credit ceiling                                         200.90 shekels minimum annual donation (charity)                  310  shekels    Tax deductions qualifying income ceiling for section 47            8,200 shekels 5% ceiling – savings for section 47                     410 shekels  Tax exemptions pension …

the net pay for salaried employees will increase in Jan 2009

  Due to the new tax brackets effective Jan 2009’s payroll, all salaried  employees will recieve an increase in their net pay. The following table shows the approximate increase based upon the gross pay. The pay increase is also incumberent on other info and may vary from employee to employee. This table is a general …