Families which have been considered to get poor or low income are given assistance through the earned income credit, or EIC. The EIC is a tax credit that helps such families with low earnings attain a better standard of living. An EIC can translate perfect tax refund of about $400 and $4,500. This article will explain how you can figure out if you are eligible for the EIC. 3 A 3. All individuals expend tax @ 15.00 % of earnings over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions...