If your tax payments are less than the amount of income tax you owe, you are entitled to a refund. true or false

Question

Social Studies

Annabelle Baird

10 June, 12:22

If your tax payments are less than the amount of income tax you owe, you are entitled to a refund. true or false

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Answers (1)

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Damian Pena · Answer 1

The given statement is False.

Explanation:

Every person in a country who earns a specific amount of salary, has to pay a particular percentage of Tax on his money earned in order to avail the facilities provided by the government which include health care facilities, better infrastructure, Education system, etc.

So if the amount of tax that you pay to the government is greater than the amount of income tax you owe, the you are entitled to a refund. But if the tax payments are exactly the same amount of income tax that you owe, then there will be no refunding.