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Old 18.07.2008, 21:17
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Re: Are you eligible for a subsidy?

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It's the same as the taxes in that way.
i.e. for those who don't pay tax at source but do the full declaration business.

Your taxes are based on last years earnings so, say one year you earn a healthy wage and then the following you are a student, you will have to pay your taxes on the big wage from the following year even though you're broke!
You can preemptively inform the tax office if you anticipate a higher or lower income in the current year. You can then pay the revised advance tax on account.

That avoids:
  • Distress during falling income
  • Paying interest on arrears taxes, when income is higher than previous year.
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