Tax Bill

A tax bill is a formal statement from the government that details the amount of taxes you owe for a specific period, usually a year. It results from the process of calculating taxable income, applying relevant rates, and accounting for payments or deductions you've already made. The bill specifies how much you must pay, due date, and often provides options for payment or appeals. Essentially, it's the official notice confirming your tax liability and requesting payment to fund government services and programs.