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Dictionary > Definitions > Economy > Tax credit
Tax credit
Tax provision allowing the households to deduce from their Income tax a part of the expenditure carried out for certain work of energy improvement relating to their main home. If this tax credit is higher than the amount of the which had tax, the surplus
Example of calculations: I wish to make install an individual solar-fired heater: Calculation for an individual solar-fired heater of 4 m2 with a balloon of 200 liters: * Cost of the operation (installation and solar-fired heater) = 4 009 including all taxes * Of which cost of the material = 2 954 including all taxes
Md.khurshed Alam
mk_alamcce@yahoo.com