Hi i have a new offer for 13 lakhs and when i exclude the non taxable components and my investment the taxable income is 1,102,200. From this do i need to calculate flat 30% as tax or what ? some say it is like
Tax upto Rs 5 lakhs = 32,000
5- 8 lakhs = 60,000
8 -13 = 150,000
Total = 242,000
need help...not sure how to calculate
From India
1Tax upto Rs 5 lakhs = 32,000
5- 8 lakhs = 60,000
8 -13 = 150,000
Total = 242,000
need help...not sure how to calculate
From India
Hi,
Income tax slabs for current financial year is as under :
Income Tax Slab for Financial Year 2012-13 Assessment Year 2013-14
For Men and women : Up to 65 years
Up to Rs. 2 lacs - Nil
from 2 lacs to Rs. 5 lacs - 10 %
from 5 lacs to 10 lacs - 20 %
above 10 lacs - 30 %
And Education cess of 3 % on the same.
From India, Ahmadabad
Income tax slabs for current financial year is as under :
Income Tax Slab for Financial Year 2012-13 Assessment Year 2013-14
For Men and women : Up to 65 years
Up to Rs. 2 lacs - Nil
from 2 lacs to Rs. 5 lacs - 10 %
from 5 lacs to 10 lacs - 20 %
above 10 lacs - 30 %
And Education cess of 3 % on the same.
From India, Ahmadabad
Pls. also give details of your investment, LIC, Children school fees etc...... then only you will find actual taxable amount.
From India, Ahmedabad
From India, Ahmedabad
Hi, The tax calculation is ok..but the Total will be Rs. 1,65,479/- and not Rs. 1,69,479/-.
From India, Ahmadabad
From India, Ahmadabad
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